Mergers & Acquisitions
-
Opportunity India Desk Jul 09, 2018 - 1 min readMalaysia’s IHH Healthcare Berhad is likely to pick up at least a 51% stake in struggling hospital chain Fortis Healthcare Ltd for Rs 4,700-5,400 crore, the Mint newspaper reported. Citing two people aware of the bid details, the report said that IHH Healthcare’s offer is more than that of TPG-backed Manipal Health Enterprises Pvt. Ltd. ...
-
Opportunity India Desk Jul 06, 2018 - 2 min readPrivate equity giant Blackstone Group LP has agreed to buy a commercial property in Chennai from Indiabulls Real Estate Ltd for Rs 850 crore ($123 million). The transaction is part of Indiabulls Real Estate’s decision to reorganise its commercial leasing business in India and exit non-core markets, the Mumbai-listed developer said in a statement on ...
-
Opportunity India Desk Jul 06, 2018 - 2 min readPromostyl, the French multinational trend-forecasting company has partnered with Mumbai based fashion startup Fashionablyin and organized a fashion networking event in India. The first event, where Images Group was a media partner, happened this Thursday, July 05 at Slink & Bardot, Mumbai was a delightful evening with a scrumptious menu by Chef Alexis Gielbaum. The ...
-
Opportunity India Desk Jul 06, 2018 - 3 min readPhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service (SaaS) platform run by Tiger Global-backed Zopper, two people familiar with the development said. The terms of the deal could not be immediately ascertained. A formal announcement is likely to be made within a week, ...
-
Opportunity India Desk Jul 06, 2018 - 1 min readGodrej Consumer Products has sold its diaper brand Snuggy to Nobel Hygiene for an undisclosed amount, exiting the baby care segment that it entered nearly 15 years ago. In 2003, GCPL had acquired the brand from Shogun Diapers, which is one of the three leading players in the Indian baby diaper market with presence mainly ...
-
Opportunity India Desk Jul 06, 2018 - 1 min readApollo Hospitals Enterprise Ltd said on Thursday it has acquired a 50% stake in Medics International Lifesciences Ltd, which operates a hospital in Lucknow, for Rs 91 crore ($13.2 million). The funds will be used to commission the hospital and incur related expenses, the company said in a stock-exchange disclosure. The acquisition will enhance Chennai-based ...
-
Opportunity India Desk Jul 05, 2018 - 1 min readReliance Brands has acquired 12.5 per cent stake in luxury apparel firm Future101 Design for Rs 9.50 crore. In a BSE filing, Reliance Industries said, "Reliance Brands, a subsidiary of the company, has purchased 12.5 per cent equity stake in Future101 Design Pvt Ltd (Future101) for Rs 9.50 crore". The acquisition of minority stake is ...
-
Opportunity India Desk Jul 05, 2018 - 3 min readKishore Biyani is buying a significant stake in London-listed online fashion retailer Koovs.com, his latest attempt to crack the e-commerce fashion market after his unsuccessful 2016 bid to buy Jabong.com, that was subsequently bought over by Flipkart’s unit Myntra. Biyani’s Future Lifestyle Fashion will acquire about 30% stake in Koovs for about Rs 140 crore ...
-
Opportunity India Desk Jul 04, 2018 - 2 min readBirla Cellulose has partnered with Ankur Textiles, women’s wear division of Arvind Limited, to launch a wide range of Liva fabrics with 100 per cent modal and 100 per cent viscose blends for womenswear. This multi-fiber fabric is an alternative to the traditional fabric for new age Indian women who deserve ...
-
Opportunity India Desk Jul 04, 2018 - 2 min readMalaysia’s IHH Healthcare Berhad and India’s Manipal Health Enterprises Pvt. Ltd have submitted new binding offers to acquire struggling hospital chain Fortis Healthcare Ltd. IHH said in a filing to the Malaysian stock exchange on Tuesday that its new binding offer supersedes previous proposals and that the new offer is valid ...