Mergers & Acquisitions
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Opportunity India Desk Mar 13, 2019 - 1 min readPuig, Barcelona-based fashion and fragrance company, has marked its entry into India by picking a minority stake in Kama Ayurveda, India’s leading authentic ayurvedic brand of beauty and personal care products. Puig will infuse Rs 100 crore into Kama Ayurveda to support its domestic and international expansion, as well as have the option to further increase ...
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Opportunity India Desk Mar 13, 2019 - 1 min readEmbassy Group has inked a Memorandum of Understanding (MoU) with the Government of Karnataka Department of Education for the all-round development of children in Bangalore. Under the MoU, 16 Government Schools will be provided infrastructural support and educational programs in order to improve academic skills and offer holistic learning experiences to students. SR Umashankar, the Principal Secretary to Primary & Secondary Education, said, "The endeavor ...
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Opportunity India Desk Mar 13, 2019 - 1 min readKissht, India's leading fintech platform, has announced its partnership with Vijay Sales, Mumbai's leading electronic superstores, in its series of strategic expansions. In the past 18 months, Kissht has introduced Scan & Pay Later solution, Kissht 2.O and its alliances on path-breaking projects like Dell Aarambh, Vivo Health Care, Flipkart – Cardless Credit & Buy ...
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Opportunity India Desk Mar 12, 2019 - 1 min readEbix has made a bid of $336 million to acquire Yatra.com. The offer has been made by the US-based software firm to expand its presence in the fast-growing Indian travel market. Ebix is planning to merge Yatra Online into its Indian EbixCash subsidiary. The company offered to pay $7 per share to buy 100% of the outstanding stock of Yatra Online. ...
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Opportunity India Desk Mar 12, 2019 - 1 min readAspire Systems, Global Technology Services firm, has announced its partnership with Magento. Aspire Systems, with its partnership with Magento, will help retailers overcome their major e-commerce challenges. Magento, an Adobe company, is a leading open-source e-commerce platform enabler. Finny Chellakumar, Head of Digital Commerce, Aspire Systems, said, "The partnership with Magento will help us strengthen ...
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Opportunity India Desk Mar 11, 2019 - 1 min readSuven Life Sciences Ltd, the Hyderabad-based biopharma company, has entered into a "stalking-horse" asset purchase agreement to acquire the assets of US-based Aceto Corporation's Rising Pharmaceuticals through its joint venture partner Shore Suven Pharma Inc. Venkat Jasti, CEO & Chairman, Suven Life Sciences, said, "We are very pleased to have completed a “stalking-horse” asset purchase agreement ...
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Opportunity India Desk Mar 11, 2019 - 1 min readIn a bid to meet the increasing demand of its products globally, Balkrishna Industries Limited (BKT), an off-highway tyre manufacturer, is working on a Rs 2,000 crore expansion plan in India. The company is eyeing at setting up a modern carbon black manufacturing facility at its plant in Bhuj, Gujarat. Arvind Poddar, CMD of BKT, ...
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Opportunity India Desk Mar 11, 2019 - 1 min readMiraj Cinemas, owned by Rajasthan-based diversified business group Miraj, is planning to double its screen count to 200 in 15 months. This expansion will keep up with the company's strategy of expanding by acquiring independent theatres and converting them. Miraj Cinemas, the fifth-largest multiplex chain in India, buys single-screen theatres or independent properties and converts ...
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Opportunity India Desk Mar 08, 2019 - 1 min readBritish Asian Trust, a charity founded by Britain's Prince Charles, has partnered with British Telecom (BT) for launching a three-year programme to use digital technology in order to improve education and life skills for adolescent girls in India. With an aim to help improve the education opportunities, health and skills of around 500,000 young people, ...
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Opportunity India Desk Mar 08, 2019 - 1 min readHome-renting company Airbnb has acquired HotelTonight, an app for finding hotel rooms at a discount. The acquisition is part of the company’s plan to further push its business beyond short-term home rentals and attract a wider variety of travelers. With this acquisition, Airbnb will expand its inventory by adding a number of listings from hotels. ...