UK BASED SAGE GROUP ACQUIRES CHENNAI FIRM CRYSTAL INFO SOLUTIONS : With its first acquisition in India, UK based Sage group, has added human resource management solutions (HRMS) and pay roll product to its current portfolio of CRM and ERP.......... More...

PLETHICO TO BUY 20% IN UAE RETAIL CHAIN : HERBAL and nutritional products maker Plethico Pharmaceuticals is picking up around 20% stake in a UAE-based pharma retail chain, with operations in the CIS region, for around $20-22 million. If the deal goes through, it will be also the first overseas acquisition by an Indian company in the pharma retail space......... More...

RELIGARE PICKS UP STAKE IN DUBAI-BASED FIRM : SUPER Religare Labs, promoted by the Singh brothers, has acquired Dubai-based Mena Healthcare for $20 million. This is the group's second acquisition after the promoter's sold their stake in Ranbaxy Laboratories......... More...

SUPER RELIGARE LABS TIES UP WITH NORWEGIAN BIOTECH CO : Super Religare Laboratories, formerly SRL Ranbaxy, has tied up with Norwegian biotechnology company DiaGenic to launch the world's first early breast cancer detection test. The test will be priced Rs 10,000-20,000 but the company plans to reduce the cost soon after the volumes increases. "India will be first country to benefit from this test beginning with our centres in Delhi and NCR. The test is a patented product in India and we will soon offer the service nationwide," said Super Religare Laboratories CEO Sanjeev Chaudhry......... More...

ZYDUS CADILA GROUP BUYS ETNA BIOTECH : THE Rs 2,300-crore Zydus Cadila Group acquired Etna Biotech, a subsidiary of the Dutch Biopharma company, Crucell N.V. The company has not divulged the details of the deal. With the latest acquisition, the company will make its presence felt in the vaccine segment.......... More...

US-BASED ASSET MANAGEMENT FIRM FIDELITY BUYS 6.77% IN NASDAQ LISTED BPO FIRM EXLSERVICE HOLDINGS : US-BASED asset management firm Fidelity Investments has picked up an additional 6.77% stake in Nasdaqlisted BPO firm ExlService Holdings, as per a regulatory filing by the Indian firm. The transaction takes Fidelity's total stake in EXL to 21.77%.......... More...

UK AND US PRIVATE EQUITY FIRMS PICK UP 80% STAKE IN GEMINI EQUIPMENT AND RENTALS (GEAR) : TWO private equity firms—US-based Berggruen Holdings and UK-based Cycladic Capital LLP—have picked up close to 80% stake in construction equipment service provider Gemini Equipment and Rentals (GEAR) for around $15 million (nearly Rs 74 crore).......... More...