Mergers & Acquisitions
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Opportunity India Desk Aug 13, 2018 - 1 min readMultiplex chain PVR Ltd has made an announcement that it is going to acquire South India’s largest premium cinema exhibitor, SPI Cinemas Private Ltd for over Rs. 860 crore. As per the deal PVR will acquire 71.7 percent of SPI including 222, 711 equity, shares of SPI Cinemas. However as per the two companies, both ...
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Opportunity India Desk Aug 10, 2018 - 1 min readThe brand which was planning to enter the Indian market from a long time finally kicked off its retail journey, 5 years after receiving approval. The brand has employed approximately 2,450 people at its store, with a plan to hire another 15,000 in the coming years, expanding its operations in India. Jesper Brodin, CEO, IKEA ...
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Opportunity India Desk Aug 10, 2018 - 1 min readKT Rama Rao, IT Minister says, “India today is home to many youngsters, who in the next decade are going to create world-class companies, offer solutions and solve many problems plaguing the world. This is where I believe ICC has a huge role to play, as these entrepreneurs need proper mentoring.” It is believed that ...
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Opportunity India Desk Aug 09, 2018 - 2 min readA top official has confirmed that Solar Philippines is looking to enter the Indian solar industry. The company is targeting 100,000 MW of installed solar capacity by 2022. By 2030, they want it increased to 700,000 MW, which develops around 500 megawatts of solar farms. Leandro Leviste, Founder & President, Solar Philippines, said, “We’re ...
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Opportunity India Desk Aug 07, 2018 - 2 min readB2B startup, ShopX which facilitates retailers and kirana store owners in small towns with FMCG brands, has secured $35 million from Fung Strategic Holdings to fuel its expansion plans. According to the company, the funds will be used to strengthen ShopX’s products and engineering teams. The company also plans to strengthen its FMCG offerings and ...
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Opportunity India Desk Aug 03, 2018 - 1 min readRanjan Pai led Manipal Hospitals has revived talks with FMCG major Emami Group to acquire its AMRI Hospitals Ltd (Advanced Medical Research Institute) in Kolkata, after it failed to acquire stake in Fortis Hospitals, two people aware of the development have said. Emami expects Rs 800-1,000 crore valuation for the hospital chain, one of the ...
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Opportunity India Desk Aug 02, 2018 - 1 min readThe indo-western womenwear brand, Chique has opened its 10th store in Forum Mall, Kolkata to expand its retail presence in the country. The store, which spreads over a 450 sq.ft., offers customers, one of a kind shopping experience with cozy ambiance and superior quality merchandise. Chique debuted as a modest women’s wear clothing line rooted ...
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Opportunity India Desk Aug 02, 2018 - 3 min readFormer Indian cricketer Sachin Tendulkar is interested in making its joint venture clothing brand with Arvind, True Blue a global brand including the US and UK. “Whenever I travel, I am not surprised to see made in India tag in clothes. So why not an Indian brand in those markets?” the cricket legend told ET ...
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Opportunity India Desk Aug 01, 2018 - 1 min readThe homegrown leading men’s fashion wear brand Mufti has forayed into men’s footwear to complete the dress code for Indian fashion enthusiasts. The fashion brand is all set to test waters in the footwear segment. The 1998 launched fashion brand by Kamal Khushlani (CMD) has succeeded to provide alternative dressing solution, that didn’t conform to uniform codes ...
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Opportunity India Desk Jul 31, 2018 - 2 min readClose on the heels of the success of Indya stores in Delhi, Bangalore and Chennai, High Street Essentials Pvt Ltd (HSE) has launched its first exclusive brand outlet in Mumbai for Indya at Phoenix Market City, Kurla. Indya currently contributes more than 30 percent of the company’s overall revenue, with plans of growing to over ...