logo
The Baseline
23 Sep 2021
Chart of the week: Companies are filling in business gaps with acquisitions

September so far, has been a month of acquisitions. Firms across sectors are buying up businesses to boost their offerings. 

It started with HDFC Life Insurance Company's Rs 6,687 crore acquisition of Exide Life Insurance Company (on September 3).  Last week, two and three-wheeler maker TVS Motor Company acquired an 80% stake in Switzerland-based electric bike company EGO Movement to enter the European e-bike market. Rakesh Jhunjhunwala backed Nazara Technologies announced its third acquisition since its listing in March 2021 - the gaming company's esports business Nodwin Gaming acquired OML Entertainment's live events, gaming, and intellectual property verticals for Rs 73 crore on September 18. 

This week, KEC International, KPIT Technologies, and Mphasis also announced acquisitions.

More from The Baseline
More from Aditi Priya
Recommended