Jul 31, 2024
By: Prerna Tyagi
Credit: TOI
A merger is a business deal that unites two existing companies into a singular legal entity.
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An acquisition is something that is bought by a company, such as another company, a building, or a piece of land.
Credit: iStock
Ultratech recently made it to the news due to its acquisition of India Cements. Let’s take a look at a few other mergers and acquisitions involving Indian companies:
Credit: TOI
Air India and Vistara announced their merger and are targeting its completion by the end of this year. Air India group will have a full-service carrier Air India and a low-cost airline, Air India Express once the mergers are complete.
Credit: TOI
PVR INOX is the result of the merger between PVR Cinemas and INOX Leisure Multiplex. At the present, their roster includes 1756 screens across 113 cities, spread across India and Sri Lanka.
Credit: TOI
Vodafone Idea was created on 31 August 2018 by the merger of Vodafone India and Idea Cellular.
Credit: TOI
Walmart officially announced its intent to acquire a 77% controlling stake in Flipkart in 2018. As of now, Walmart has a 80.5% stake in Flipkart.
Credit: TOI
Saregama acquired a majority stake in the entertainment company Pocket Aces in September 2023. Pocket Aces owns Filter Copy and Dice Media
Credit: TOI
Adani Group has a 63.15% stake in Ambuja Cements Ltd. and 56.69% stake in ACC Ltd (Of which 50.05% is held through Ambuja Cements)
Credit: TOI
In 2017, Flipkart formally acquired eBay's Indian operations. However, the latter shut down in India in 2018.
Credit: TOI