Wipro says it has completed its acquisition of Olam Group’s IT and digital services unit Mindsprint after receiving the required regulatory approvals. The deal, first announced on April 6, 2026, was part of Wipro’s eight-year transformation win from Olam, a Singapore-headquartered food and agri-business backed by Temasek. The combined push targets AI-powered, IP-led transformation across farming, forecasting, trading, supply-chain operations, and customer engagement, with Mindsprint’s domain expertise and product suite joining Wipro’s Intelligence platform.
Aditya Birla Group and KKR have emerged as the two top contenders to buy Shell’s renewable energy firm Sprng Energy after binding bids were submitted by multiple suitors. Shell will now negotiate exclusively with Aditya Birla and KKR next week, following internal screening at its London headquarters. NIIF and Actis have been eliminated. The transaction is estimated at about $2 billion enterprise value. Sprng Energy runs a 5 GW generation portfolio with long-term contracted offtake.
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eBay has rejected GameStop’s audacious $56 billion takeover offer, citing concerns over financing. GameStop CEO Ryan Cohen had signaled he might approach eBay shareholders directly, but investors remain skeptical about the deal’s feasibility. The proposal would combine GameStop’s physical stores with eBay’s network, betting on an offline push that now looks stalled.
Giorgio Armani’s fashion house is reportedly preparing to sell its 15% stake after the designer’s death, dividing it into three equal parts. LVMH, L’Oreal, and EssilorLuxottica have been named as preferred buyers, with the transaction expected to close within 12 to 18 months of Armani’s passing.
Capillary Technologies reported a strong March quarter, with operating revenue rising 26% and profit after tax surging 233%. The company credited growth to expanding its customer base, winning new contracts, and integrating its recent Kognitiv acquisition. It also pointed to a strategic partnership with a US retailer and continued expansion of global operations.
Sun Pharma’s acquisition of Organon in a record $11.75 billion deal propels the company into the world’s top 25 pharma players. While chairman Dilip Shanghvi is excited by the leap in scale and ambition, the moment also carries anxiety—highlighting how even “winning” mergers demand careful execution.
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Ryan Cohen’s GameStop, backed by a roughly $12 billion valuation, is exploring a bid to buy eBay, an online auction giant about four times its size. The company’s CEO acknowledged the plan may be “totally, totally foolish,” underscoring the high-stakes nature of a meme-stock driven push into e-commerce consolidation.
Edtech giant upGrad is reportedly close to acquiring Unacademy via an all-stock deal valued at about ₹2,055 crore, a steep 90% drop from Unacademy’s 2021 peak acquisition expectations. Sources say CCI approval is sought this week, with Unacademy expected to bring ₹900–₹950 crore in cash at closing. Talks had stalled earlier over valuation mismatch.
Investment firm Long Lake is set to acquire American Express Global Business Travel for $6.3 billion in an all-cash deal, signaling fresh momentum in dealmaking. The company’s pitch is to use artificial intelligence to transform how corporate travel is planned and managed. The acquisition is expected to close in the second half of 2026.
eBay shares rose after a GameStop takeover proposal led by Ryan Cohen valued around $56 billion. But GameStop stock fell as investors focused on the likely price tag of integration, risks, and execution. The market’s split reaction shows how a single bid can create upside for the target while raising uncertainty for the buyer’s shareholders.
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PayPal is reportedly preparing to make Venmo operate as a standalone segment within its broader business. The change would improve how Venmo’s performance is measured, and it may also set up the option to sell the unit in the future, depending on strategy and market conditions. The details remain tied to the report.
Eli Lilly plans to acquire Ajax Therapeutics for up to $2.3 billion to develop a potential new oral treatment for myelofibrosis, a rare blood cancer. The company expects key clinical data in 2026 and intends to rapidly advance the program into larger trials, aiming to add another targeted option for patients and specialists.
Sun Pharma, under Dilip Shanghvi, is preparing its biggest overseas acquisition: a $12.5 billion deal for Organon & Co. The move builds on Shanghvi’s buyout playbook—snapping up firms with strategic value and turnaround potential to drive global expansion. His prior deals, including Ranbaxy and Taro, show how targeted acquisitions can reshape growth across markets.
Sun Pharma is set to buy US drugmaker Organon for $12.5 billion, expected to be decided at a board meeting over the weekend. The Mumbai-based company will beat the EQT-Gruenthal consortium, paying $4.5 billion for Organon’s equity while taking on $8.5 billion of debt, with an announcement likely tonight or by Monday.
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ITC is expected to conclude its Rs 3,498-crore acquisition of Century Pulp and Paper next week, according to sources. The deal completion hinges on transferring certain leases from Aditya Birla Real Estate, the entity holding Century Pulp and Paper, to ITC. Neither ITC nor the Aditya Birla Group responded to queries at the time of reporting.
The government has set a new M&A approval trigger: companies must seek Competition Commission of India clearance for deals over Rs 2,000 crore when the target has substantial operations in India. The change is designed to strengthen oversight of mergers and acquisitions, with particular focus on fast-growing digital markets to support fairer competition practices.
The Reserve Bank of India has allowed banks to finance domestic mergers and acquisitions, updating capital market exposure guidelines and bringing regulation closer to global norms. The move is expected to expand credit availability, help banks regain market share from non-bank lenders, and push them to build specialized M&A advisory and underwriting capabilities to support corporate growth.
Quadria Capital is reportedly in talks to acquire a majority stake in Samarth Lifesciences, with the deal potentially valuing the company at about Rs 4,500 crore. The pharma firm is seeking fresh investment to support growth plans after earlier negotiations with alternative investors broke down due to mismatches in price expectations.
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Merisis has appointed Ruchir Kapoor to strengthen its fintech practice and drive a new wealth management foray. The hire brings over 20 years of experience spanning wealth management, fintech, NBFCs, and trade and SME banking, along with leadership experience across multiple geographies. The move signals Merisis’ intent to deepen financial services capabilities.
Coforge has announced the immediate resignation of Executive Vice President Anup Kumar, who led M&A, and Manish Hemrajani, Head of Investor Relations. Kumar said he wants to pursue entrepreneurial ventures. During his time, Coforge completed five acquisitions and integrated Cigniti. The company is now managing leadership transitions as it charts its next strategy.
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