By Nishtha Garg
Mergers and Acquisitions have always been an important part of the corporate world. Some of the buggest M&As during recent times are:
1. Infosys to buy Czech consultancy firm GuideVision
IT firm Infosys annunced it signed a definitive agreement to acquire GuideVision, an enterprise service management consultancy for up to 30 million euros including earn-out and bonuses.
2. ICICI Lombard to acquire Bharti AXA General Insurance
Bharti AXA’s non-life insurance business will merge with ICICI Lombard’s general insurance business through a scheme of arrangement. Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.
3. Ola Electric acquires Etergo, to launch electric two-wheeler
Ola Electric on 27th May acquired the Netherlands-based Etergo BV, an innovative electric scooter company known for its award-winning AppScooter for an undisclosed sum, and announced its foray into the premium electric two-wheeler market, both globally and nationally.
4. Yes Bank acquires 24.19% stake in Dish TV
Yes Bank Ltd acquired a 24.19% stake in direct-to-home service provider, Dish TV India Ltd, by invoking pledges against 44.53 equity shares kept as collateral with the private lender for a loan.
5. TikTok to merge with Oracle
Byte Dance a Chinese Company which owns a popular video-sharing app called TikTok in its recent merger deals choose Oracle a US-based firm
TOP 3 GAINERS OF THE WEEK
| COMPANY | % CHANGE |
| INDUSIND BANK | 14.05 % |
| SBI | +11.31 % |
| M & M | +10.45 % |
TOP 3 LOSERS OF THE WEEK
| COMPANY | % CHANGE |
| BHARTI AIRTEL | 5.26 % |
| BRITANNIA | 1.88% |
| TATA STEEL | 1.68% |