Mergers & Acquisitions
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Opportunity India Desk May 01, 2018 - 0 min readLarsen & Toubro Ltd has agreed to sell its electrical and automation business to France-based Schneider Electric SE for Rs 14,000 crore ($2.1 billion). India’s biggest engineering company in a stock-exchange filing said, the deal includes Larsen’s associated subsidiaries outside the country.
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Opportunity India Desk Apr 30, 2018 - 1 min readThe Shree Cement Ltd board has given nod for all in cash acquisition of a 100% stake in private railway siding operator Raipur Handling and Infrastructure Pvt. Ltd for Rs 59 crore ($8.8 million), the company said in a stock exchange disclosure. The final deal value will be subject to closing ...
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Opportunity India Desk Apr 30, 2018 - 1 min readGlobal asset manager BlackRock Inc. is in the acquisition process with DSP Group from their asset management joint venture DSP BlackRock Investment Managers Pvt. Ltd, reported a financial daily, citing two people aware of the development. BlackRock holds a 40% stake while Hemendra Kothari-led DSP Group owns 60% of the JV, ...
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Opportunity India Desk Apr 24, 2018 - 1 min readWith the competition for Fortis takeover getting higher, Malaysia’s IHH Healthcare Bhd has revised its proposal for India’s Fortis Healthcare Ltd, making a binding proposal for about a fifth of its offer value, as the battle for the takeover of Fortis escalates. The revised offer includes a binding proposal for an ...
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Opportunity India Desk Apr 24, 2018 - 1 min readFortis Healthcare Ltd has announced the validity extension of a revised binding offer from the Hero Enterprise Investment Office of the Munjal family and the Burman Family Office of consumer goods firm Dabur to buy the hospital chain till May 4. The company said in a stock exchange disclosure that the ...
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Opportunity India Desk Apr 20, 2018 - 1 min readAce dealmaker Ashok Wadhwa, group CEO at Ambit Holdings, will acquire Qatari investment firm QInvest LLC’s 26% stake in the financial services group, according to a media report. Wadhwa said that he would, alone or along with other Ambit employees, buy the stake “anytime soon”. Wadhwa didn’t disclose the timing or ...
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Opportunity India Desk Apr 20, 2018 - 2 min readVirtuous Retail South Asia Pte. Ltd, a joint venture between alternative investments firm The Xander Group Inc. and Dutch pension fund APG, has acquired a majority stake in privately held North Delhi Metro Mall Pvt. Ltd (NDML), according to a media report. The company will invest a total of Rs 800 ...
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Opportunity India Desk Apr 20, 2018 - 1 min readEbix Inc, a NASDAQ-listed software firm has opted to acquire 60% stake for $8 million (Rs 52 crore) in Indian e-learning company Smartclass, it said in a media statement. This is Ebix’s ninth acquisition in India in a little over two years. US-based Ebix is an on-demand software service ...
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Opportunity India Desk Apr 19, 2018 - 1 min readCK Birla Group has decided to buy the 30% stake held by private equity firm Warburg Pincus in its group company Avtec Ltd, reported a financial daily citing Avtec CEO Prabhakar Kadapa. The report also cited a person aware of the development as saying that the transaction is likely to value ...
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Opportunity India Desk Apr 19, 2018 - 1 min readSpecial situations investment firm SSG Capital Management has acquired 46.87% stake in Shapoorji Pallonji Finance Pvt. Ltd, a non-banking financial company SSG acquired the stake in the NBFC, part of the reclusive billionaire Pallonji Mistry-led Shapoorji Pallonji Group, in March, rating firm Crisil said in a recent note. The ...