Mergers & Acquisitions
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Opportunity India Desk May 22, 2018 - 2 min readAhmedabad-based Infibeam Incorporation Ltd, the parent of the country’s only listed e-commerce company has entirely acquired stake in Vavian International, a digital payments processing company which has operations in the Middle East. The deal was valued at around AED 4.32 million (Rs 8 crore or $1.17 million). Infibeam said ...
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Opportunity India Desk May 19, 2018 - 1 min readJapan’s diversified conglomerate Sumitomo Corporation has agreed to buy a 49% stake in its Indian joint venture Mukand Sumi Special Steel Ltd for Rs 1,181 crore ($173.6 million), said JV partner Mukand Ltd, an auto steel supplier. Sumitomo and Mukand had announced the JV in March 2017, whose proposed Karnataka mill ...
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Opportunity India Desk May 19, 2018 - 2 min readPharmaceuticals firm Vivimed’s bulk drug business UQUIFA has decided to acquire Hungary-headquartered SONEAS, a contract development and manufacturing organisation (CDMO), for an undisclosed amount. CDMOs typically work with other companies in the pharmaceutical industry on a contract basis to provide comprehensive services from drug development to manufacturing. SONEAS, which ...
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Opportunity India Desk May 19, 2018 - 1 min readSolapur-based auto component manufacturer Precision Camshafts Ltd has confirmed to acquire a 51% stake in Dutch electric driveline maker Emoss Mobile Systems BV for 7.36 million euros (Rs 58 crore or $8.65 million) in cash. Precision will buy the stake through Dutch unit PCL (International) Holding BV, the company informed the ...
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Opportunity India Desk May 18, 2018 - 1 min readNon-banking financial company Crest Ventures Ltd has agreed to buy the 48% stake it doesn’t already own in Tullett Prebon (India) Ltd from Prebon Holdings BV for Rs 4.52 crore ($670,000) in cash. Crest Ventures’ stake in Tullett Prebon (India) after the acquisition will increase to 99.99% from 51.99%, it said ...
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Opportunity India Desk May 15, 2018 - 2 min readMedia baron Subhash Chandra’s Essel Group has planned to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd. Dakshin Mercantile Pvt. Ltd, an Essel Group company, signed a pact to acquire a stake of up to 62% in LKP Finance for as much as Rs 154.3 crore (around $23 ...
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Opportunity India Desk May 08, 2018 - 1 min readAnuj Puri’s Anarock Property Consultants has announced its mergers with Shobhit Agarwal’s real estate investment banking firm ANB Capital Advisors, in a move that reunites the two former executives of global real estate consultancy Jones Lang LaSalle (JLL). ANB Capital Advisors was launched in January 2018 by Agarwal, who had previously ...
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Opportunity India Desk May 08, 2018 - 2 min readFinancial services firm DSP Group has confirmed its plans to buy out 40% BlackRock Inc’s stake in joint venture DSP BlackRock Investment Managers Pvt. Ltd to become the sole owner of the asset management firm. The transaction value was not disclosed. BlackRock is the world’s largest asset manager. After the stake ...
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Opportunity India Desk May 07, 2018 - 2 min readManipal Hospital Enterprises Pvt. Ltd and its private equity investor TPG Capital have again revised their offer for India’s second-largest hospital chain, Fortis Healthcare Ltd for a third time, upping the ante in the five-way takeover battle. TPG-Manipal has now proposed to invest Rs 2,100 crore ($313 million) via a preferential ...
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Opportunity India Desk May 04, 2018 - 1 min readAn investment firm managed by Singapore sovereign wealth fund GIC Pte. Ltd has announced to pick up a stake in Mumbai-based developer Godrej Properties Ltd in a rare entity-level transaction in India’s real estate sector. Godrej Properties will raise a tad more than Rs 1,000 crore ($150 million) by issuing preferential ...