Mergers & Acquisitions
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Opportunity India Desk Jul 16, 2018 - 1 min readIndigo, with the highest market share of ~40% in India, would be seeking shareholders’ nod for borrowing additional Rs10,000cr. As per the notice for the annual meeting, the company would seek nod for "authorising the board to borrow, from time to time, an additional sum or sums of money, not exceeding Rs10,000cr. The amount would ...
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Opportunity India Desk Jul 16, 2018 - 1 min readAurobindo Pharma Ltd has signed a pact to acquire the commercial operations and certain supporting infrastructure of Apotex International Inc. in five European countries for €74 million ($86.5 million). The acquisition is in line with Aurobindo’s strategy to strengthen its European business and to expand in Eastern Europe’s generics drug market, the Indian drugmaker said ...
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Opportunity India Desk Jul 13, 2018 - 1 min readBike-sharing platform Mobycy is in talks to raise $3 million with Venture Catalysts, IDG Ventures and Orios Venture Partners, said the company’s chief executive Akash Gupta. Mobycy plans to use the funds to foray into e-bikes and e-scooters on its platform, claiming to be the first one in the country to do so. Founded in ...
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Opportunity India Desk Jul 13, 2018 - 3 min readIndia’s stylish, sassy and comfortable brand PrettySecrets is now going to be available across Myntra, Flipkart and Jabong only. The brand has tied up with Myntra to be a part of Myntra’s Brand Accelerator Program. PrettySecrets has seen a month on month growth of over 80 percent on Myntra as compared to last year’s ...
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Opportunity India Desk Jul 13, 2018 - 2 min readThe board of Fortis Healthcare Ltd has accepted a proposal from Malaysia’s IHH Healthcare Berhad to invest Rs 4,000 crore in the Indian hospital chain after a months-long bidding war. The proposed investment offers a “comprehensive equity solution” that addresses the company’s liquidity requirements and meets obligations towards the acquisition of Singapore’s RHT Trust, Fortis ...
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Opportunity India Desk Jul 13, 2018 - 2 min readNirogStreet, an online platform that connects ayurveda doctors with patients, has acquired Brahm Ayurved, a 60,000 member-strong community of ayurvedic doctors, a media statement said. Post the deal, Gupta will join NirogStreet as co-founder and chief marketing officer, the statement added. Gupta worked as a clinician and an advisor at Apollo Pharmacy in the past. ...
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Opportunity India Desk Jul 12, 2018 - 2 min readOver three weeks after Vistara became eligible to fly overseas following the induction of 21st aircraft into its fleet, the joint venture between Tata Sons and Singapore Airlines on Wednesday announced its biggest deal with aerospace majors Airbus and Boeing. The company has entered into a $3.1-billion (Rs 21,332 crore) deal with both Airbus and ...
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Opportunity India Desk Jul 12, 2018 - 2 min readLIVA, a leading fashion ingredient brand from the Aditya Birla Group launched a state of the art LAPF Studio in Tirupur. This is the third such Studio after NOIDA and New York. LAPF Studios act as a one-stop customer experience centre for innovation, technical, product and marketing solutions. Tirupur Studio has a collection of more ...
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Opportunity India Desk Jul 12, 2018 - 1 min readLingerie and beauty products retailer, Victoria’s Secret, is opening its first flagship store in Hong Kong on July 17 at Capitol Centre in Causeway Bay. The store will feature a complete assortment of Victoria’s Secret’s lingerie collections, including Body by Victoria, Very Sexy, Dream Angels, Bombshell, Cotton lingerie as well as Victoria Sport. Alongside the ...
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Opportunity India Desk Jul 12, 2018 - 1 min readCipla Ltd, India’s second-largest drugmaker by market value, has agreed to acquire South Africa’s Mirren (Pty) Ltd to strengthen its foothold in the African nation. The Indian company will pay 450 million South African rand (Rs 228 crore or $33 million) for Mirren in cash, it said in a stock-exchange filing. Paul Miller, CEO at ...