Mergers & Acquisitions
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Opportunity India Desk Jun 17, 2019 - 1 min readRoyal Enfield is looking to launch 350 studio outlets in rural areas of India. The Chennai-based two-wheeler brand registered a 13% decline in its overall sales in the fourth quarter of last year, therefore, it is now aiming the rural market to increase sales. Lalit Malik, Chief Financial Officer of Eicher Motors, said, "The new ...
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Opportunity India Desk Jun 17, 2019 - 1 min readE-learning platform Edureka has partnered with the National Institute of Technology Rourkela (NIT Rourkela) in Odisha to prepare the future workforce in Big Data engineering. With this partnership, NIT Rourkela will provide a post-graduate course in Big Data engineering. The institute will also be sharing its expertise and research with the world through Edureka's live, ...
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Opportunity India Desk Jun 17, 2019 - 1 min readManipal Education & Medical Group (MEMG) has acquired Jigsaw Academy Education Pvt Ltd. The e-learning platform offers courses in big data and data analytics for working professionals. With this acquisition, MEMG will increase course offerings for upskilling and reskilling. It will also help the company streamline in its digital marketing expenditure. Earlier, the medical conglomerate ...
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Opportunity India Desk Jun 17, 2019 - 1 min readDr Lal PathLabs’ board has approved the acquisition of 70% stake in a new firm to be incorporated by Vinita Kothari and Sushila Dalal for a cash consideration not exceeding Rs 50 crore. Dr Lal PathLabs said, “The company's wholly-owned subsidiary, Pathlabs Unifiers Pvt Ltd has decided to acquire 70 per cent of businesses of Central ...
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Opportunity India Desk Jun 15, 2019 - 1 min readRegenta & Royal Orchid Hotels (RROH), a mid-tier hospitality firm, is planning to add about 500 hotel rooms across nine hotels. This will be achieved over the next six months using the management contract route. The expansion will take RROH’s overall portfolio to a little more than 4,000 rooms and 60 hotels in 40-odd locations. ...
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Opportunity India Desk Jun 15, 2019 - 2 min readDirectorate General of Training (DGT), under the aegis of Ministry of Skill Development and Entrepreneurship, has joined hands with Cisco and Accenture to skill the youth for the digital economy through its Industrial Training Institutes (ITIs). Along with the implementation partner Quest Alliance, this program will equip students enrolled in ITIs across India with skills ...
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Opportunity India Desk Jun 14, 2019 - 1 min readKangaroo Kids Education, a pre-school and K12 schooling firm, plans to expand to 350 pre-schools in next three to five years. The company has crossed the 100 pre-school mark in March 2019. Seshasai KVS, CEO, Kangaroo Kids Education (KKEL), said, "The focus will be on the top 30 cities in India. This is where our ...
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Opportunity India Desk Jun 13, 2019 - 1 min readToonz Retail plans to set up 200 stores in the next three years, expanding its footprint in India. The brand’s expansion will be spread across the states of Karnataka, Uttar Pradesh, and North-East. The company will expand through direct and franchise model in the country. At present, Toonz Retail operates over 100 stores across 64 ...
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Opportunity India Desk Jun 11, 2019 - 1 min readNational Olympiad Foundation (NOF) has acquired Jaipur-based edtech startup Edurer in part-cash and part-equity deal. With this acquisition, the Founders of Edurer, apart from getting equity, will also join NOF’s top management firm. Setup in 2016, Edurer intends to offer B2B SaaS services that help educational organisations offer enhanced, personalised and gamified learning experience to ...
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Opportunity India Desk Jun 11, 2019 - 1 min readFintech company MatchMove India has announced a partnership with Aditya Birla Wellness Private Limited (ABWPL), a unique digitally enabled Wellness and Rewards program. With this partnership, ABWPL will strengthen MatchMove’s product offering by providing next generation digital wallets and physical cards to incentivize consumers for healthy living. Kumar Srinivasan, CEO of MatchMove India, said, “The addition ...