Dvara KGFS, Tata Sponge, Tech Mahindra, Netcore in M&A news
10 April 2019 2:14 AM GMT
Through Varam's acquisition, Dvara KGFS intends to consolidate its presence in Tamil Nadu and enter the Chhattisgarh market.
- India Dealbook: Dvara KGFS, Tata Sponge, Tech Mahindra, Netcore in M&A news
- In the latest M&A deals, Dvara KGFS has acquired microfinance institution Varam Capital while Tata Sponge Iron has completed the acquisition of Usha Martin's steel business.
- In another deal, Tech Mahindra said it is acquiring an 18.1 per cent stake in both Infotek Software and Systems (ISS) and Vitaran Electronics while Netcore Solutions has acquired artificial intelligence (AI) chatbot startup Quinto.ai.
- Following the acquisition, Varam Capital's customers and its digital capabilities would be transferred to Dvara to enhance the ability of combined business to grow profitably and serve remote rural customers, according to a statement.