Top M&As That Significantly Change the Business Landscape in India

3. Acquisition of Sobek Auto India by CarTrade Tech

CarTrade Tech has entered into a share purchase agreement with Sobek Auto India Private Limited and OLX India BV to acquire a 100% stake in Sobek in July 2023 for 537.43 crore. The deal, as detailed in a regulatory filing, highlights CarTrade Tech's strategic moves in the automobile industry. 

4. Saregama bought out the bulk of Pocket Aces Pictures

Saregama, part of the RP-Sanjiv Goenka Group, bought a 51.8% share in digital entertainment company Pocket Aces Pictures Pvt Ltd for 174 crore in September 2023. The agreement calls for Saregama to acquire an additional 41% ownership in the company within the next 15 months, cementing its position in the digital entertainment industry.