Zydus Lifesciences shares surged nearly 6% after the company said its board will meet on May 19 to consider a share buyback. The rally also drew steam from its plan to acquire US-based Assertio in a deal valued at about $166 million. Investors cheered the mix of potential capital return and growth through strategic expansion.
Zydus Lifesciences is reportedly close to buying a US oncology drug maker in a deal valued at $100 to $150 million. The acquisition is expected to help the Indian company build its own distribution network for anti-cancer drugs in the US, while also bringing along the target’s biologic drug pipeline. A deal is expected soon.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Raise Financial, the parent of stock trading platform Dhan, has acquired GreenLife Insurance for about $15 million in a cash-and-stock deal. The move is designed to build a direct-to-consumer insurance distribution and broking business, using GreenLife’s decade of experience to expand beyond trading into financial services.
InCred Capital, the wealth management arm of IPO-bound InCred Holdings, has acquired Singapore-based asset manager S Cube Capital, adding MAS-regulated fund vehicles to its Singapore platform. The company plans to integrate S Cube into InCred Global Wealth pending regulatory approvals and will onboard S Cube leaders as joint vice chairmen. InCred is also expanding its India-GCC-offshore investment corridor, while keeping deal value undisclosed.
Avi Polymers has approved acquiring a 90% stake in JVTR Consultants Pvt Ltd for Rs 500 crore through a share swap. The deal is meant to help Avi Polymers move deeper into technology and digital services, including IT services and software development. Management says it supports a more diversified, future-focused business strategy.
Dorf-Ketal Chemicals India has acquired Vasu Chemicals’ water treatment business, marking the company’s entry into India’s industrial water treatment sector. The deal is designed to broaden Dorf-Ketal’s specialty chemical portfolio, deepen customer relationships, and create a scalable platform for future growth in water treatment solutions.
Never miss a story
Set alerts for the topics and sources you care about. Download Beige for free.
Waaree Renewable Technologies plans to acquire a 55 percent stake in Associated Power Structures for Rs 1,225 crore. Once completed, Associated Power Structures will become a subsidiary of Waaree by June 15, 2026. The sizable investment signals an aggressive push to consolidate position and accelerate expansion in India’s renewable energy space.
AU Small Finance Bank said the RBI has approved Kotak Mahindra Bank to acquire an aggregate holding of up to 9.99% in the Mumbai-headquartered lender. The move follows an exchange filing by AU SFB confirming the regulator’s clearance for the stake acquisition, setting the stage for Kotak’s expansion into small finance banking within defined ownership limits.
GameStop has made a $55.5 billion takeover bid for eBay, valuing the deal at $125 per share. The proposal combines stock and cash and comes at a significant premium, signaling GameStop’s push to reshape eBay into a stronger Amazon rival. The move could quickly redraw competition in the online retail and marketplace arena if talks progress.
Meta says it has acquired humanoid startup Assured Robot Intelligence, betting the deal will strengthen its AI models for robots. The company frames the move as a way to accelerate development of humanoid systems that can learn and operate more effectively in the physical world, building on its broader push toward AI embodied in machines.
Reading on mobile?
Open Beige in the app for a smoother experience — free on iOS and Android.
Subscription billing fintech Skio, a Y Combinator alum, has been acquired by competitor Recharge in a cash deal valued at 105M, according to the founder and former CEO. The surprising part: Skio reportedly raised only 8M before the exit, making the outcome look unusually strong for its funding size and timeline.
RPG Life Sciences says it is doubling down on its API business as the growth engine, while lining up a significant acquisition to expand capacity. The company also plans to enter the GLP-1 weight-loss therapy market by August-September, despite geopolitical risks. Its strategy centers on niche, complex molecules and moving into new therapy areas.
Capgemini reported first-quarter revenue up 7% year-on-year, matching company expectations. The gain was powered by strong performance in North America, aided in part by a recent acquisition. With results tracking its guidance, the firm has reiterated its full-year revenue growth target, even as it added significantly to headcount.
Sun Pharmaceutical Industries has agreed to acquire U.S. drugmaker Organon & Co in an all-cash transaction worth about $11.75 billion including debt. Sun will buy every outstanding Organon share for $14.00 each, giving it full ownership of a company known for women’s health, biosimilars, and established therapies.
Follow your favourite sources
Track sources, tags and categories — all in the Beige app.
Pine Labs has acquired a 100% stake in ecommerce enabler Shopflo Technologies for Rs 88 crore, seeking to broaden its online merchant offerings. The deal targets mid-market and small businesses, a key battleground where digital payments firms are racing to win merchants. Pine Labs’ move is set to intensify competition with players including Razorpay and PayU.
Bosch Limited plans to acquire its vehicle motion business, Bosch Chassis Systems India, aiming to expand and strengthen its mobility portfolio. The deal is designed to sharpen Bosch’s safety and braking capabilities, enabling further investment in these critical areas. The transaction will only proceed after shareholder approval.
Indian Hotels Company (IHCL), the Tata Group firm, has completed its purchase of a 51% stake in Brij Hospitality for about Rs 222 crore. Through IHCL and its step-down subsidiaries, the transaction includes buying shares from existing shareholders and making a primary investment, bringing Brij Hospitality under IHCL as a subsidiary and strengthening its growth plan.
Halder Venture has made its NSE debut through a direct listing, following corporate restructuring and an acquisition. The move boosts the company’s visibility in capital markets and is expected to support faster growth while enabling a broader push into global expansion. Investors will now watch how the listing strategy translates into momentum for the company’s next phase.
Stay informed on the go
Bite-sized news from 100+ trusted sources, right in your pocket.
A low-profile pharma firm, Advent controlled-BSV, has drawn major investor attention after a turnaround that tripled its valuation in five years. Its focus on specialised women’s health products and a strong research pipeline have helped drive the momentum. Now, Mankind is set to acquire BSV in a $1.6 billion deal, putting the company’s next growth phase in the spotlight.
OpenAI has acquired Hiro Finance, a 2023-founded startup backed by Ribbit, General Catalyst, and Restive. Just five months after launching, Hiro rolled out an AI personal finance planning tool that lets users enter salary, debt, and monthly expenses to model multiple scenarios and guide decisions—now brought under OpenAI’s umbrella.
Swipe through stories, personalise your feed, and save articles for later — all on the app.