Mergers & Acquisitions
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Opportunity India Desk Mar 29, 2018 - 3 min readFortis Healthcare Ltd has confirmed the agreement process to sell its hospital business to private equity firm TPG Capital-backed Manipal Health Enterprises Pvt. Ltd, creating India’s largest healthcare services provider by revenue. Fortis said in a statement, its shareholders will get 10.83 shares of the combined entity for every 100 shares ...
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Opportunity India Desk Mar 27, 2018 - 1 min readFortis Healthcare Ltd has received an unsolicited non-binding acquisition proposal from Manipal Health Enterprises Pvt. Ltd, backed by private equity firm TPG Capital, amid separate media reports of a likely merger between the two hospital chains. Fortis in its disclosure said the proposal is being evaluated by the board Shares of the company were down ...
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Opportunity India Desk Mar 26, 2018 - 2 min readReliance Industries (RIL) has signed definitive agreements for merging online music streaming platform Saavn with JioMusic. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 million. According to the company statement, the integrated business will be developed into a media platform with global reach, cross-border ...
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Opportunity India Desk Mar 26, 2018 - 2 min readVakrangee has partnered with Blue Dart Express to offer last mile courier and logistics services on a pan India basis through its wholly owned subsidiary Vakrangee Logistics. Through this arrangement with Blue Dart, the technology company that also provides services related to banking, insurance, e-commerce and e-governance will offer courier pick-up ...
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Opportunity India Desk Mar 23, 2018 - 1 min readIndia’s Tata Steel Ltd has claimed to have been selected as the successful resolution applicant for buying bankrupt Bhushan Steel Ltd. In a filing the company said, the Committee of Creditors of Bhushan Steel had on Thursday declared salt-to-software conglomerate Tata Group’s steel business as the successful resolution applicant, subject to ...
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Opportunity India Desk Mar 22, 2018 - 1 min readSoftware services firm Zensar Technologies Ltd has agreed to acquire US-based insurance IT company Cynosure Inc., along with its offshore centre, for $33 million (Rs 214 crore) cash. According to the company, the acquisition will add insurance IT capabilities to Zensar Technologies Ltd. The insurance vertical accounts for 15% of the firm’s total business. As ...
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Opportunity India Desk Mar 20, 2018 - 1 min readIndia's Videocon Industries Ltd has confirmed to have sold its entire stake in its joint venture with the US-based Liberty Mutual Insurance Group to Diamond Deal trade Ltd and Enam Securities Pvt Ltd. Videocon, which had a 51.32% stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26% stake ...
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Opportunity India Desk Mar 20, 2018 - 2 min readThe world’s largest private equity firm Blackstone is set to buy an 85% stake in southern property developer Nitesh Estates’ mall in Pune for about Rs.300 crore. New York-based Blackstone, which is building a portfolio of shopping malls as part of its bet on rent-yielding real estate, will acquire shares held ...
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Opportunity India Desk Mar 19, 2018 - 2 min readHindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd. This is the first investment by Hindustan Infralog, after it stated that it would invest up to ...
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Opportunity India Desk Mar 17, 2018 - 3 min readBSE Institute Limited (BIL), the financial education arm of India’s premier stock exchange BSE Limited, has collaborated with the Indian Institute of Management, Lucknow (IIM-L) to offer joint learning program in financial management and international political analysis. For fixing the alliance a Memorandum of Understanding (MoU) was exchanged between Vinod Nair, ...