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Top M&As That Significantly Change the Business Landscape in India

By Samrat Pradhan, Editor, Consultants Review

 

1. Adani Enterprises' subsidiary AMG Media Networks acquired a majority stake in IANS 

According to a regulatory filing, the Adani Group announced on December 15, 2023, that it had acquired a 50.5 percent stake in newswire agency IANS India Pvt Ltd for 5.1 lakh, further consolidating its presence in the media sector. Adani Enterprises, the group's media holding company, announced that its subsidiary AMG Media Networks Ltd has purchased a 50.50 percent ownership in IANS India Pvt Ltd in the form of equity shares. 
 

2. Reliance Retail Ventures acquired majority ownership in Ed-a-Mamma 

In September 2023, Reliance Retail Ventures Ltd (RRVL) signed a joint venture agreement to acquire a 51% investment in Ed-a-Mamma, a kid and maternity-wear business founded by actor Alia Bhatt. The goal of this strategic alliance is to develop the brand into new areas such as personal care, baby furnishings, children's storybooks, and an animated series.

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