Mergers & Acquisitions
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Opportunity India Desk Mar 19, 2019 - 1 min readNeoStencil, a test preparation platform for Government job exams, has joined hands with Motion Education, the Kota-based coaching institute, for IIT JEE and NEET exams. Starting from April 2019, Gurugram based ed-tech startup will provide IIT-JEE and NEET courses online and live classroom to students. According to the market estimate, the test preparation market in ...
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Opportunity India Desk Mar 18, 2019 - 1 min readNuvoco Vistas Corp Ltd, one of the country's leading building materials manufacturers, made its maiden appearance at ‘AAKAAR 2019’; the annual technical festival of IIT Bombay’s Department of Civil Engineering. Nuvoco tied up with IIT Bombay as Associate Sponsor for the event, which is the largest civil engineering festival of Asia, from 16th-17th March. Apart ...
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Opportunity India Desk Mar 18, 2019 - 1 min readIndian Institute of Technology (IIT) Roorkee has signed a Memorandum of Understanding (MoU) with the Indian Space Research Organisation (ISRO) for setting up a Space Technology Cell at its campus. A statement from IIT Roorkee stated, "The ISRO-IIT Roorkee Space Technology Cell shall pursue advanced research in the areas of relevance to the future technological and ...
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Opportunity India Desk Mar 18, 2019 - 1 min readWarburg Pincus-backed Lemon Tree Hotels Ltd has signed an agreement to acquire Keys Hotels in a bid to expand its business in the mid-market hotel category. Lemon Tree, India's third-largest mid-market hotel operator, will buy Keys Hotels from Berggruen Hotels Pvt Ltd for an undisclosed sum. Post acquisition, New Delhi-based Lemon Tree will expand its ...
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Opportunity India Desk Mar 15, 2019 - 1 min readWellness Forever Medicare Pvt Ltd, India’s leading organized retail Pharmacy and Lifestyle Chain, will strengthen its presence in Mumbai, Maharashtra, Karnataka and Goa in order to expand its service to the customers. This move will offer a major boost to Wellness Forever’s, the largest retail pharmacy chain in Western India, strong presence of 140+ stores. ...
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Opportunity India Desk Mar 15, 2019 - 1 min readIndian Institute of Technology Kharagpur (IIT-KGP) has signed Memorandum of Understanding (MoU) with Centre for Development of Advanced Computing (C-DAC) for setting up a Petaflop high-performance computing facility and data center funded under the National Supercomputing Mission. The face of computation-based research and development in India will be changed by setting up of the 1.3 ...
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Opportunity India Desk Mar 15, 2019 - 1 min readOYO Hotels and Homes has acquired co-working space firm Innov8. Ritesh Agarwal-led company has spent between Rs 150 crore and Rs 200 crore for the acquisition. With this acquisition, OYO has diversified from the hotel and long-term lodging business to co-working spaces. The company is planning to launch 35 new co-working spaces in major metropolitans over the ...
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Opportunity India Desk Mar 15, 2019 - 1 min readAvan Motors India is eyeing expansion for the Indian market, with a focus on building a considerable presence in Tier 2 and Tier 3 cities. The firm will be ramping up its presence to 11 states over the next few months. Avan Motors will be expanding its footprint in the states like Rajasthan, Punjab, West ...
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Opportunity India Desk Mar 15, 2019 - 1 min readWattpad, the global multi-platform entertainment company for original stories, has partnered with Times Bridge, the global investments and partnerships arm of The Times Group, to grow its presence in India and reach new users. Under the partnership with Times Bridge, Wattpad will be growing its local community of readers and writers. The company will also ...
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Opportunity India Desk Mar 14, 2019 - 1 min readAs part of its aggressive growth plans, Bharti Axa Life Insurance is eyeing to add new branches and hire insurance agents in the next financial year with a focus on profitable growth. Vikas Seth, Managing Director and CEO, Bharti Axa Life Insurance, said, “The drive is part of the company’s overall strategy to strengthen its operation ...