Mergers & Acquisitions
-
Opportunity India Desk Jun 06, 2018 - 1 min readIndia’s largest e-commerce platform Flipkart has partnered with Digit Insurance to launch a mobile protection plan intended for people who purchase smartphones on Flipkart’s platform. The company said that they have designed the product trying to make the insurance claims process simple for customers by offering a cover for screen damage ...
-
Opportunity India Desk Jun 06, 2018 - 1 min readOne of India’s leading and fastest growing national multiplex chain, Carnival Cinemas led by Dr. Shrikant Bhasi has executed a strategic tie up with E-Square Cinemas. In a bid to provide the best-in-cinema experience coupled with state-of-the-art technology, Carnival Cinemas will acquire 37 operational screens of E-Square Cinemas chain in June ...
-
Opportunity India Desk Jun 04, 2018 - 3 min readPrivate equity firm, WestBridge Capital led investor's group which includes ace stock market investor Rakesh Jhunjhunwala, has emerged as the frontrunner to acquire India’s largest independent health insurance company Star Health and Allied Insurance valued at just under $1 billion, people directly aware of the matter said. The WestBridge consortium’s all-cash ...
-
Opportunity India Desk Jun 02, 2018 - 2 min readAmerican white goods maker Whirlpool has announced to acquire 49% in kitchen hood and cooking equipment maker Elica PB India for Rs 180 crore in an all-cash deal, as per a notice sent to stock exchanges. According to Whirlpool the investment is in line with its strategic priority to expand the ...
-
Opportunity India Desk Jun 02, 2018 - 4 min readPrivate equity major Warburg Pincus has agreed to acquire a 26% stake in IndiaFirst Life Insurance Co. Ltd from Legal & General Group Plc, helping the British financial services firm exit its almost nine-year-old investment. According to a press statement, Warburg will pay Rs 710.54 crore (£79 million or $105 million) ...
-
Opportunity India Desk May 25, 2018 - 2 min readReliance Industries (RIL) has confirmed to co-brand a range of sports apparel manufactured using its 'R|Elan' fabrics in collaboration with sportswear brand 'PROLINE' As per the deal, 'R|Elan' co-branded 'PROLINE' products will use RIL's 'R|Elan Kooltex' or 'R|Elan FreeFlow' fabrics to manufacture odour free and quick dry garments with special properties. ...
-
Opportunity India Desk May 25, 2018 - 2 min readThe country’s leading FMCG firm, Dabur India Limited, is planning to use medicinal plants and herbs produced in Chhattisgarh in its herbal and ayurvedic formulations. The world leader in Ayurveda with a portfolio of over 250 herbal and ayurvedic products, inked a memorandum of understanding (MoU) with the state-run Chhattisgarh medicinal ...
-
Opportunity India Desk May 23, 2018 - 3 min readHaving made a recent foray into the Indian market, Danish footwear and sportswear brand hummel has now decided to sell its wares in the country as well. The brand started with e-commerce space in India to test waters and now after a couple of successful ‘beta testing’ months, the brand plans ...
-
Opportunity India Desk May 23, 2018 - 1 min readBengaluru-based bike taxi startup Rapido has acquired Hyderabad rival Getbike to enter the business-to-business segment, the two companies’ executives confirmed the development. Rapido co-founder Aravind Sanka and Getbike founder Shravya Reddy confirmed the development. Reddy will move to Bengaluru as part of the deal. The executives didn’t disclose financial details of ...
-
Opportunity India Desk May 23, 2018 - 1 min readIn its fourth acquisition deal in Fitness space, Mukesh Bansal-founded wellness startup Cure.fit has acquired Oaktree-backed premium fitness chain Fitness First. The Fitness startup had already bought 1000yoga, Cult and Tribe inspiring its customers to begin fitness journey with technological incorporation in its platform.