Mergers & Acquisitions
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Opportunity India Desk Jul 12, 2018 - 1 min readCoffee Day Enterprises, which runs coffee chain under brand name Cafe Coffee Day, today said its subsidiary has entered into an agreement with Uber Portier B V for the distribution of food products in India. "Coffee Day Global Ltd (CDGL) has entered into an agreement with Uber Portier B V, wherein CDGL is partnering with ...
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Opportunity India Desk Jul 11, 2018 - 1 min readNoida-based Placio, which operates an eponymous student housing solutions platform, has acquired subscription-based food delivery venture Paco Meals, a company statement said. Placio also secured $50,000 (Rs 34.5 lakh) in seed funding from undisclosed external investors that will go towards the new food business, the statement added. The acquisition equips Placio to develop menus by ...
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Opportunity India Desk Jul 11, 2018 - 0 min readOne 97 Communications, which owns Paytm, has introduced forex service for money exchange of 20 international currencies on its platform in partnership with Centrum Direct, said the company in a statement. Consumers will be able to order the multi-party Paytm forex card or cash in foreign currency either for doorstep delivery or at retail outlets ...
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Opportunity India Desk Jul 11, 2018 - 2 min readThe Kroger Co. has announced its new and exciting apparel brand Dip, developed by globally-renowned fashion designer Joe Mimran. Notable for launching Club Monaco, Joe Fresh and Pink Tartan, Mimran brings talent and expertise from his 30-year fashion career to create an exclusive clothing line for Kroger that makes effortless style easy and affordable to ...
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Opportunity India Desk Jul 10, 2018 - 1 min readReplay, Italian leader in the premium denim segment, has announced a strategic distribution partnership in India with Reliance Brands Limited. The agreement signed with Reliance Brands Limited for the distribution of Replay apparel, footwear and accessories will start with a Spring-Summer 2019 collection. Reliance Brands Limited will have the exclusive distribution rights to the Replay ...
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Opportunity India Desk Jul 10, 2018 - 2 min readMarico Founder and Chairman Harsh Mariwala has started his second venture in the wellness area with the setting up of AquaCentric Therapy – a chain of physiotherapy centres that will use land, air and water elements for healthcare. “I am passionate about innovation, pioneering as well as preventive healthcare. And AquaCentric is about all these ...
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Opportunity India Desk Jul 10, 2018 - 2 min readJapanese auto components supplier Jtekt Corp (6473.T) said it was holding off on expanding production in Mexico, awaiting the outcome of talks over the North American Free Trade Agreement, known as NAFTA. Japan’s auto industry has been plagued by uncertainty since U.S. President Donald Trump last year launched a renegotiation of NAFTA, seeking to repatriate ...
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Opportunity India Desk Jul 10, 2018 - 2 min readAuto component company MM Forgings will invest ?650 crore in expanding its capacity over the next two years in view of the favourable growth outlook in its existing and new business segments. With the proposed expansion, the company hopes to cross ?1,000 crore in revenue by the next fiscal. “We are looking at both domestic ...
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Opportunity India Desk Jul 09, 2018 - 1 min readRavi Jhunjhunwala, CMD, HEG said we are looking to undertake brownfield expansion. He said that there is no change in graphite electrode pricing, in fact the market is strengthening every month. “China has closed about 150 million tonne of its steel capacity; the outdated blast furnaces and induction furnaces. So this has resulted into a ...
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Opportunity India Desk Jul 09, 2018 - 2 min readIndian agrochemical major UPL Ltd may acquire Arysta LifeScience, the agricultural pesticides business of NYSE-listed Platform Specialty Products Corp., for more than $4 billion. Citing three people aware of the development, the report said UPL is raising funds from a consortium of lenders to finance this deal. Arysta LifeScience focuses on the development, formulation, registration, ...