Mergers & Acquisitions
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Opportunity India Desk Feb 21, 2019 - 1 min readMumbai-based Haffkine Institute of Training, Research & Testing is collaborating with IIT Bombay for establishing a Biomedical Engineering & Technology incubation Centre (BETiC) at Haffkine campus in Parel. Dr. Nishigandha Naik, Director of Haffkine Institute, said, "The presence of leading hospitals in Parel, including Tata Memorial Hospital, King Edward Memorial Hospital and Bai Jerbai Wadia ...
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Opportunity India Desk Feb 21, 2019 - 1 min readAveanna Healthcare, a leading home healthcare company, has entered into a definitive agreement to buy the home healthcare division of Maxim Healthcare Services. Rod Windley, Executive Chairman of Aveanna, said, "We are pleased to welcome Maxim's home healthcare division to the Aveanna family. This transaction will enable us to more efficiently deliver high-quality care and ...
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Opportunity India Desk Feb 20, 2019 - 1 min readThe University of Hyderabad (UoH) has collaborated with Election Commission of India (ECI) to hold a three-day workshop on 'festival of democracy' in the city from February 22. The workshop would involve about 50 community broadcasters from 25 stations across India. The goal of this workshop is to brainstorm on key themes and strategies for ...
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Opportunity India Desk Feb 20, 2019 - 1 min readShiftKarado has announced to expand its services into South India. With this expansion, the Gurugram-based packing and moving startup aims to tap the potential market of South Indian cities where the requirements of relocation services are on the rise. Currently, the company operates in Bangalore, Hyderabad and Chennai. It is further planning to extend its ...
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Opportunity India Desk Feb 20, 2019 - 1 min readIndian Hotels, an Indian hospitality company, is looking to launch one hotel per month beginning from this April. The company will remain in 8% margins guidance range. Puneet Chhatwal, Managing Director and CEO, Indian Hotels, said, "We remain with our guidance of 8 percent over the business cycle and the improvement that we have seen ...
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Opportunity India Desk Feb 20, 2019 - 1 min readBata India, a leading manufacturer of footwear in India, is planning to add 70-80 new stores in FY20. The brand is eyeing opening almost 20 new stores in the current quarter. RK Gupta, CFO of Bata India, said, "Margins are sustainable at 20 percent plus and also expect double-digit growth going forward. In retail, we ...
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Opportunity India Desk Feb 20, 2019 - 1 min readGoldenseam Industries Pvt Ltd has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Economic Development Board (APEDB) to collaboratively work for the establishment of an apparel manufacturing unit in the state. The MoU has been signed by Sanjeev Mukhija, Director of GoldenSeam Industries Pvt Ltd, and J Krishna Kishore, CEO of APEDB, in the ...
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Opportunity India Desk Feb 19, 2019 - 1 min readGoldencross Pharma, a wholly-owned subsidiary of Cipla, has signed an agreement to acquire 11.71% stake in Mumbai-based Wellthy Therapeutics for a cash consideration of Rs 10.5 crore. Under the agreement, the partners plan to provide a combination of pharmacotherapy and digital therapeutics for improved patient outcomes in the chronic therapies of diabetology and cardiology. This deal will make a multi-lingual clinically-validated ...
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Opportunity India Desk Feb 19, 2019 - 1 min readKurl-on, India's leading and largest selling mattress, home furniture and furnishing brand, has launched 'STR8 Technology', a first-of-its-kind innovation that offers the right balance of firmness and softness in mattresses. Initially, the new technology will be introduced in Kurl-on's coir mattresses. It will be extended to the foam and spring mattresses as well. Kurl-on has announced ...
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Opportunity India Desk Feb 19, 2019 - 1 min readPawsome Tails, offering one of its kind healthcare services for the Pets, has raised $500,000 from private investors. The Mumbai-based startup will use this investment to expand operations in India and abroad. The amount raised will also be utilized to strengthen Pawsome Tails' backend and to develop the technology further. Gaurav Dubey, Founder of Pawsome ...