Mergers & Acquisitions
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Opportunity India Desk Feb 12, 2019 - 1 min readToray Industries, the Japan-based advanced materials manufacturer, is planning to expand its footprint in India. As part of its expansion strategy, Toray Industries organised its first forum in the country. The forum showcased the company’s sustainability vision with innovative technology-enabled products. The event held in New Delhi saw participation from leaders from central and state ...
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Opportunity India Desk Feb 11, 2019 - 1 min readTalentNomics India is joining hands with TiE Delhi-NCR, one of the most vibrant chapters within the global TiE network, to organise a conference in New Delhi titled “Leading a world where uncertainty is the only certainty: Talent Agility 2025”. Scheduled to be hosted at WelcomHotel Sheraton in Saket on February 15, 2019, the conclave will ...
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Opportunity India Desk Feb 11, 2019 - 1 min readAirtel Kenya Ltd, a subsidiary of Bharti Airtel, has agreed to merge with Telkom Kenya Ltd, the East African nation's telecom operator. This merger will help the Sunil Mittal-led telco emerge stronger in the east African market. Both the companies will be combining their mobile, enterprise and carrier services businesses in Kenya to operate as ...
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Opportunity India Desk Feb 08, 2019 - 1 min readThe Ravi Jaipuria-led Varun Beverages Ltd is planning to acquire PepsiCo India’s franchisee rights in three states from SMV Group. The company eyes buying the rights in 13 districts of Karnataka, 14 districts of Maharashtra and 3 districts of Madhya Pradesh. Post acquisition, Varun Beverages will be a franchisee for PepsiCo products across 22 states ...
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Opportunity India Desk Feb 08, 2019 - 1 min readRadisson Hotel Group is planning to operate 130 hotels in Africa by 2022, up from 50 this year. The group eyes opening five more hotels this year in Algeria, Casablanca in Morocco, Guinea’s capital Conakry, Niger’s Niamey and Nairobi in Kenya. Ramsay Rankoussi, Vice President, Development, Middle East, Turkey & French Speaking Africa, said, "I ...
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Opportunity India Desk Feb 05, 2019 - 1 min readZydus Wellness, a consumer healthcare firm, has completed its Rs 4,595 crore acquisition of Heinz India's consumer wellness business, including popular brands like Complan and Glucon D. On October 24 last year, the company had entered into a definitive agreement to acquire Heinz India's business comprising Complan, Glucon D, Nycil and Sampriti Ghee brands along ...
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Opportunity India Desk Feb 04, 2019 - 1 min readLambda Therapeutic Research Ltd, an Ahmedabad-based clinical research firm, has acquired US-based Novum Pharmaceutical Research Services for an undisclosed sum. Following the transaction, Novum will continue to operate as a wholly-owned subsidiary of Lambda. Christopher H Chamberlain, Chief Executive Officer of Novum, and its leadership team will be managing the US operations. Bindi Chudgar, Managing Director ...
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Opportunity India Desk Feb 04, 2019 - 1 min readHealth-tech platform Medlife International Pvt Ltd has acquired MedLabz, Mumbai-based digital healthcare platform and home diagnostics services company, for an undisclosed amount. With this acquisition, Medlife will make a stronger push into the diagnostics segment. The Bengaluru-based company will also launch sample collection at home through an in-house fleet of medical professionals. MedLabz’ technology integration ...
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Opportunity India Desk Feb 04, 2019 - 1 min readRonojoy Dutta, the new CEO of IndiGo, has informed the staff that the airline would be making a major expansion into global markets. IndiGo is India's largest airline in terms of domestic market share. Dutta said, "IndiGo is playing a critical part in nation building by building highways in the sky. Our work is only ...
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Opportunity India Desk Feb 04, 2019 - 1 min readOYO, SoftBank-backed budget hotel chain, is in advanced discussions to acquire Innov8, a co-working space company, for about Rs 200 crore in an all-cash deal. With this acquisition, OYO will mark its expansion into co-working business. A person familiar with the development said, "It's an all-cash deal pegged around Rs 200 crore. Oyo is looking at co-living ...