Mergers & Acquisitions
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Opportunity India Desk Jul 04, 2018 - 1 min readQwikcilver, a software as a service-based gift card company, said that in the past year it had doubled the number of brands it was working within India and abroad to 300. One reason for the growth, said the Bengaluru-based company’s cofounder Pratap TP, was that the company entered categories that are ...
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Opportunity India Desk Jul 03, 2018 - 1 min readThe board of hosiery major Lux Industries has approved the merger of two promoter group companies — J M Hosiery and Ebell Fashions — with the company in a non-cash deal at a combined valuation of Rs 861 crore. This deal, according to the company, will help minority shareholders to unlock ...
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Opportunity India Desk Jul 03, 2018 - 2 min readLondon-based lifestyle brand Smiley Company has signed an exclusive licensing agreement with Ultra Toys that will make and sell over toys and accessories of the popular emoticons and emojis that already has a ubiquitous presence on social media. Ultra Toys, a division of Ultra Media & Entertainment has acquired about 3000 ...
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Opportunity India Desk Jul 02, 2018 - 1 min readIs monsoon taking toll on your skin? Well, due to sweat and oil deposits, your skin might seem to lose its glow and begin looking dull. But fret not, because all you need is refreshing body polish scrub. Now delight in a good body scour with Skinella’s luxurious pink guava body polish scrub, which comes ...
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Opportunity India Desk Jul 02, 2018 - 1 min readVedanta Resources Plc said on Monday chairman Anil Agarwal’s family trust has agreed to buy the rest of Vedanta in a deal that values the mining conglomerate at 2.3 billion pounds ($3.03 billion). An independent committee, formed to review and evaluate the proposal, has indicated to Volcan Investments that it supports the offer and intends ...
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Opportunity India Desk Jul 02, 2018 - 2 min readThe Kroger Co. and Nuro has announced a new partnership to redefine the grocery customer experience for Americans by piloting an on-road, fully autonomous delivery experience. Together, America’s largest supermarket retailer Kroger and Nuro, maker of the world’s first fully unmanned road vehicle, are working to make the convenience of grocery delivery accessible and affordable ...
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Opportunity India Desk Jun 30, 2018 - 1 min readBillionaire Ajay Piramal-led Piramal Enterprises Ltd has sold its entire stake in Piramal Imaging SA to the UK-based medical imaging services provider Alliance Medical Acquisitionco Ltd. The sale was done at a base consideration of $1 plus about $1.18 million toward working capital adjustment on completion of the sale, Piramal said ...
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Opportunity India Desk Jun 30, 2018 - 1 min readMukesh Ambani-led Reliance Industries Ltd (RIL) has agreed to acquire a US-based open telecom platform solutions provider, Radisys Corporation for $75 million (Rs 510 crore) in cash. The acquisition has potential synergies with Reliance’s investments in digital communication and services framework, which is built around ‘network as a platform service’, the ...
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Opportunity India Desk Jun 29, 2018 - 1 min readThe Indian subsidiary of US-headquartered publisher Penguin Random House has acquired Hind Pocket Books, which specialises in Hindi titles, for an undisclosed amount. In a statement, Penguin Random House said the acquisition was aimed at boosting its offerings in local languages. “This acquisition represents our commitment to expand our ...
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Opportunity India Desk Jun 27, 2018 - 1 min readHCL Technologies Ltd said has agreed to acquire 100% stake in an German IT and engineering services provider H&D International Group for €30 million (around Rs 240 crore or $35 million) in a cash deal which includes earn-outs. In a stock-exchange filing, HCL said the acquisition was part of its long-term ...