Mergers & Acquisitions
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Opportunity India Desk Apr 19, 2018 - 1 min readProcter & Gamble Co has confirmed its acquisition interests in the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion) in cash, the companies said on Thursday. P&G said the acquisition will enable it to expand its portfolio of consumer healthcare capabilities and brands. ...
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Opportunity India Desk Apr 18, 2018 - 3 min readSony Pictures Networks India (SPN) has decided to enter into the consumer products and merchandising business so as to add revenue influx into its television broadcasting business and strengthen its bond with the youth. SPN has signed a multiyear licensing deal with Mumbai-based brand licensing company Black White Orange Brands (BWO) ...
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Opportunity India Desk Apr 18, 2018 - 1 min readIndia’s second-largest hospital chain Fortis Healthcare Ltd has received an unsolicited non-binding proposal from a unit of Fosun International, making the Chinese business conglomerate the fourth bidder in the Fortis stake deal. Fosun Health Holdings Ltd intends to provide Rs 100 crore ($15 million) in the next 45 days to support ...
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Opportunity India Desk Apr 17, 2018 - 1 min readIndiabulls Group co-founder Rajiv Rattan has partnered US-based private equity firm Lone Star Funds to jointly invest $400 million (Rs 2,600 crore) in his non-banking financial company RattanIndia Finance Pvt. Ltd. As per the agreement, Rattan and affiliates of Lone Star will own 50% stake each in RattanIndia Finance, which aims ...
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Opportunity India Desk Apr 17, 2018 - 1 min readFMCG major Marico Ltd has confirmed its plans to acquire up to 22.5% stake in the Mumbai-based parent of fitness and holistic wellness platform Revofit in a cash deal. The wellness startup Revofit is incubated at Ant Farm, the startup accelerator founded by former Times Internet chief executive Rishi Khiani.
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Opportunity India Desk Apr 12, 2018 - 1 min readGermany’s NORMA Group SE, which manufactures machine joining components has planned to acquire Indian water management firm Kimplas Piping Systems Ltd for an undisclosed amount. The deal is expected to close by the middle of this year. Kimplas manufactures electrofusion and compression fittings valves and proprietary equipment for the micro-irrigation industry. ...
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Opportunity India Desk Apr 12, 2018 - 1 min readTata Group-owned e-commerce marketplace Tata Cliq has announced an expanded partnership with Adobe. Tata Cliq will leverage the full services within Adobe Experience Cloud to offer personalised and relevant digital experiences for shoppers on its website as well as mobile application. "A strong digital strategy has been central to ...
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Opportunity India Desk Apr 12, 2018 - 2 min readWalmart Inc is nearing to close the deal of buying a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people aware of the development said. Last week, Reuters had reported that Walmart ...
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Opportunity India Desk Apr 12, 2018 - 2 min readHaving an expertise of 50 years in making skin-friendly products taking inspiration from the vast Swedish nature, Oriflame has come up with a wide range of skincare products. Oriflame has formulated its products using botanical ingredients containing rich concentrations of antioxidants, vitamins, and essential oils and combined them using modern scientific ...
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Opportunity India Desk Apr 12, 2018 - 1 min readIndian conglomerate Tata Sons Ltd on is in the progressive development to consolidate its businesses across aerospace and defence sectors to form a single entity, Tata Aerospace & Defence (Tata A&D). Tata Sons said that the new entity will bring together over 6,000 people and will have production facilities in the ...