India Dealbook: Intel acqui-hires Ineda; Cipla picks Wellthy stake; Grasim buys KPR unit

India Dealbook: Intel acqui-hires Ineda; Cipla picks Wellthy stake; Grasim buys KPR unit

The logo of Intel is seen during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. REUTERS/Tyrone Siu

US-headquartered Intel Corporation has acqui-hired Hyderabad-based startup Ineda Systems. In another development, Cipla Ltd said it is acquiring an 11.71 per cent stake in health-tech startup Wellthy Therapeutics while Grasim Industries Ltd is buying the chlor-alkali business of KPR Industries.

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