Mergers & Acquisitions
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Opportunity India Desk Feb 23, 2018 - 2 min readPrivate-sector lender Federal Bank has confirmed its interests in buying 26% stake in privately held investment bank Equirus Capital Pvt. Ltd for an unrevealed amount so as to surpass the traditional banking ideas and create additional revenue streams. In a joint statement the two companies said, the “strategic” minority stake will ...
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Opportunity India Desk Feb 23, 2018 - 2 min readPartnered with homebased e-commerce giant Flipkart, online fashion retailer Myntra, is in the process of taking up 5% minority stake in outdoor and sportswear company Wildcraft. This 10-year-long partnership has been forged as part of Myntra’s Brand Accelerator programme launched last year, which previously on boarded fashion brands like Chemistry and AKS. A person familiar ...
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Opportunity India Desk Feb 22, 2018 - 3 min readAzafran Innovacion Limited - an integrated personal care company is planning for a major expansion of its sales and distribution network over the next 12 months. The company aims to make its products available across 10,000 retail outlets nationally and expand through combination of modern retail stores, multi-brand outlets, general trade and is also exploring ...
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Opportunity India Desk Feb 16, 2018 - 1 min readTV18 Home Shopping Network Ltd (HomeShop18) and Shop CJ Network (Shop CJ) have completed the merger today making the combined entity largest TV home-shopping network in India. Homeshop18 (a subsidiary of Network18 Media and Investments) and Shop CJ Network had announced the merger of businesses of both entities last year in September. Network18 Media and ...
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Opportunity India Desk Dec 02, 2017 - 2 min readIn a stock-exchange disclosure Cipla Ltd said that, Cipla Holding B.V. has entered into an agreement with PharmaS to sell its 100% equity stake in Cipla Croatia for $1.1 million (Rs 7 crore). The buyer will pay $550,000 upfront and the remaining amount will paid in two tranches, on the first and second anniversary of ...
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VLCC and Saudi conglomerate Cigalah Group to launch VLCC Wellness Centres in Kingdom of Saudi ArabiaOpportunity India Desk Sep 29, 2017 - 3 min readThe premier global beauty and wellness brand, VLCC, and leading Saudi business house and healthcare services and products player, Cigalah, today announced a strategic partnership to launch VLCC Wellness centres in the Kingdom of Saudi Arabia (KSA), starting with Jeddah.VLCC’s entry into KSA will further strengthen its position in the Gulf Cooperation Council (GCC) region ...
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Opportunity India Desk Sep 29, 2017 - 1 min readMarico acquired 45% stake in Zed Lifestyle, a male grooming firm for an undisclosed sum in an effort to widen its portfolio with niche and high margin products. The maker of Parachute hair oil said the stake will be bought over a period of two years, through primary infusion and secondary buy-outs.In a statement Marico said, ...
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Opportunity India Desk Sep 29, 2017 - 2 min readFuture Consumer Limited, the food and FMCG arm of Future Group, has partnered with the Hain Celestial Group Inc. to bring Better-For-You organic and natural products to the Indian market, the company said.This will include natural and organic products in various categories including snacks, plant-based beverages and toddler and kids food products under various Hain ...
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Opportunity India Desk Sep 29, 2017 - 1 min readJohnson & Johnson agreed to buy Actelion Ltd for USD30 billion and spin off the Swiss drugmaker's research and development operations, clinching its largest deal ever to become a leader in medicines for a rare type of high blood pressure.J&J, one of the world's biggest maker of health-care products, is fulfilling its goal of gaining ...
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Opportunity India Desk Sep 29, 2017 - 1 min readAnytime Fitness, a US-based gym chain has announced geographical expansion with opening of 20 fitness clubs by end of 2017. As an expansion plan, Anytime Fitness aims to spread its wings to new territories like Jaipur, Lucknow, Punjab, Gujarat, and Maharashtra.Having created its niche in the regions like Delhi /NCR, Mumbai, Ahmedabad, Gandhidham, Chennai, Hyderabad, ...