Mergers & Acquisitions
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Opportunity India Desk Sep 13, 2018 - 1 min readThe Indian Institute of Technology, Bombay, has partnered with tech giant IBM partners to carry out advanced research in Artificial Intelligence (AI) in the country. IIT Bombay will join IBM’s ‘AI Horizons Network’ under this partnership. IIT Bombay also becomes the first institution outside North America to join the IBM’s AI Horizons Network. As a part of ...
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Opportunity India Desk Sep 11, 2018 - 0 min readSun Pharmaceutical Industries Ltd, India’s biggest drugmaker, will buy 18.75% stake in Israel's Tarsius Pharma Ltd for $3 million in cash. The company said, “One of its wholly-owned subsidiaries has agreed to acquire 3,45,622 ordinary shares of Tarsius Pharma, of nominal value of NIS 0.01 each by way of subscription, representing 18.75 per cent of ...
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Opportunity India Desk Sep 11, 2018 - 1 min readThe grocery and milk delivery startup Milkbasket is looking to expand its engineering team five-fold to 100 in the next nine months. The company will hire the majority of engineers with expertise in the automation domain, including machine learning and AI, to create an advanced customer experience. Anant Goel, CEO of Milkbasket, said, “In the ...
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Opportunity India Desk Sep 10, 2018 - 2 min readClub Factory, the leading cross-border E-Commerce platform, is looking at strengthening focus on India market by scaling up operations in an endeavor to further connect with millennials across the country. According to App Annie, Club Factory is ranked amongst the top e-commerce platforms in India and is also the highest downloaded app in the shopping ...
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Opportunity India Desk Sep 10, 2018 - 2 min readFableStreet (FS), premium women work wear brand, has announced a record growth in business and two years of successful operations. Founded by Ayushi Gudwani, FableStreet has grown from strength to strength and is targeting 3x growths this year after experiencing a 30%+ QoQ growth in the last seven quarters. The brand strengthened its standing in ...
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Opportunity India Desk Sep 07, 2018 - 1 min readScript, Godrej's premium home furniture brand, will be investing Rs 50 crore this year to expand its retail outlets in India. Last year, the company had opened its first store. Launching its second store in Kirti Nagar in New Delhi, Script is planning to start 4 more stores in other cities by the end of ...
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Opportunity India Desk Sep 06, 2018 - 1 min readHyderabad-based Aurobindo pharma has acquired Sandoz Inc’s dermatology and oral solid business for $900 million in cash. Sandoz is a subsidiary of Swiss drug maker Novartis. The transaction will position Aurobindo as the second largest generic player in the US by prescriptions. It is expected to be completed by end of 2019. For Aurobindo, the deal ...
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Opportunity India Desk Sep 06, 2018 - 1 min readThe perfume brand Creed is expanding its business by launching the brand in India. London's 250-year-old brand will bring its maiden store in partnership with Berkeley Beauty Brands Pvt Ltd in India. Gaganmeet Singh, Managing Director at Berkeley Beauty Brands Pvt Ltd, said, "The brand's iconic status is in sync with the national capital that ...
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Opportunity India Desk Sep 04, 2018 - 1 min readAs part of expanding its overseas business, BankBazaar.com will foray into Australia by the end of this fiscal. Presently, the company has overseas operations in Singapore and Malaysia which contribute to around 10% of its business. BankBazaar is an online marketplace that provides customers with an option to choose from the different range of financial ...
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Opportunity India Desk Sep 04, 2018 - 1 min readSamara Capital and Amazon are likely to buy Aditya Birla Group’s food and grocery retail chain ‘More’. Samara Capital-Amazon consortium will acquire Kumar Mangalam Birla’s Aditya Birla Retail Ltd (ABRL) at an enterprise value of Rs 4,100- 4,200 crore. It is being expected that the deal will be completed in the next 10 days, possibly ...