-
This transaction will be Advent's fifth consumer buyout in India. The deal is also expected to help Shapoorji Pallonji Group (SPG) in significantly deleveraging its balance sheet.
-
Eureka Forbes is a subsidiary of listed parent Forbes & Company and the 150-year-old Shapoorji Pallonji group is keen to take advantage of the health, hygiene, and home improvement wave post-COVID-19, unlock value and reduce its debt through the proposed transaction.
-
With revenue of Rs 1,200 crore in the financial year 2021, Aragen provides outsourcing services for drug discovery, clinical trials, and manufacturing to over 450 clients globally, including many large biotech and pharmaceutical companies.
-
Exide acquisition will augment HDFC Life’s agency channel and widen its geographical presence
-
With PayU and BillDesk operating complementing businesses in India, the acquisition will help PayU address the gaps in its portfolio. For BillDesk founders, a seemingly expensive valuation is a great outcome given the stock markets would have valued them even higher.
-
The proposed acquisition will help Manjushree Technopak consolidate its position as a leader in the segment while reinforcing its technical strength.
-
Sourav Mallik, who has over 25 years of experience in investment banking and has advised on marquee transactions like Tech Mahindra’s acquisition of Satyam, believes that the Zomato market debut has confirmed that investors have the maturity to understand and appreciate new age companies. His top sectoral picks for deal activity include the digital ecosystem, healthcare, consumer, specialty chemicals and financial services
-
The acquisition makes V-Mart a pan-India value fashion retailer by giving it a presence in South India
-
With funds from Reliance Retail, Just Dial can expand its business, and transform itself into a transaction platform. Reliance Retail would gain access to customer database of Just Dial and could also launch a super app to provide bouquet of services.
-
Based in San Francisco and Bengaluru, Simplilearn is backed by Kalaari Capital, Helion Venture Partners and Mayfield Fund
-
In June this year, Veeda had received an equity investment of $16 million, led by private equity fund Sabre Partners and several HNIs.
-
"We would like to deny these messages as they are utterly false and malicious. The management continues to remain committed to the growth of the company,'' Granules statement said.
-
The high valuation is also perhaps a signal that the NBFC sector has left behind a torrid couple of years after the collapse of IL&FS
-
While in many transactions it may not be able to please all sections of investors and market participants, PNB Housing Finance and the board owe it to shareholders to conduct the entire process in a transparent manner in the quest to extract maximum value
-
In August 2018, a consortium of Samaara Capital and Xponentia Fund Partners purchased Spoton Logistics for around Rs 550 crores. PE firm India Equity Partners completely exited the firm with this deal. Recently another unicorn, namely Pharmeasy acquired a majority stake in listed diagnostics player Thyrocare for Rs 4,546 crores ahead of a proposed IPO.
-
Shapoorji Pallonji Group, the 150-year-old diversified conglomerate that owns Eureka Forbes, has interests in sectors ranging from construction and real estate to power and biotechnology. It is looking to ride the health, hygiene and home improvement wave on the back of Covid-19 .
-
Several analysts and competitors Moneycontrol spoke to said that the deal would be a win-win for PharmEasy and shareholders of Thyrocare and more importantly for Velumani, the Chairman of Thyrocare, who will be cashing out.
-
Dr Velumani will make an investment of Rs 1,500 crore to buy 4.9% in API Holdings. This transaction is separate from the acquisition deal, Shah said.
-
Acquisitions of niche manufacturing capabilities for a Contract Development and Manufacturing Organisation, hospital generics business to sell specialised products in over 100 countries, and organic and inorganic addition of healthcare products among targets.
-
KKR's deep pockets and expertise is expected to help JBCPL to expand quickly using both organic and inorganic options. KKR bought a controlling stake in the Mumbai-based family-owned drug maker JBCPL a year ago for Rs 3,100 crore.
-
Online medical store PharmEasy is in advanced talks to acquire diagnostics services chain Thyrocare in a deal worth about Rs 7,000 crore, people with direct knowledge of the development told Moneycontrol. Nisha Poddar shares the details. Watch:
-
The growing business links between Ruchi Soya — on manufacturing, brand licensing and distribution — and Patanjali Ayurved could pose a concern for investors
-
Since SPACs are cash shells that often have emerging technology companies on their radar, the IPO market has returned to its glory years. So, why are regulators going after them?
-
Healthy interest of anchor investors could help the public flotation pick up speed
-
Set up in 2009, Vikram Hospital is a 200-bedded high end tertiary care facility located in the heart of Bengaluru on Millers Road, known for its clinical expertise in the fields of Cardiac and Neuro Sciences.
-
Morepen Laboratories would get an investment of $32.50 million, while the remaining $67.50 million would go to promoter group companies. Morepen Laboratories will use the funds to expand the company’s R&D centre and facilities to meet growing demand for active pharmaceutical ingredients.
-
The CRAMs ( contract research and manufacturing services) segment is fetching rich valuations globally and back home, the segment has seen minority stake sale deals like True North-Anthem Biosciences & TPG-Sai Lifesciences.
-
The $56 per share offer is more than double the price at which Nuance traded just before the outbreak of the pandemic
-
Investors are bogged down by the sheer volume of transactions. Rising valuations are also a turn-off
-
There is a growing trend of consolidation among ports and terminal operators worldwide. Firms are trying to build integrated business offering related services
-
Deals worth $1.3tn in first quarter surpass levels of dotcom boom at turn of millennium
-
Adani Transmission has significantly narrowed the gap in market cap with Power Grid Corporation of India, despite the companies differing significantly on revenues and asset base
-
Prospective bidders are looking beyond Neelachal Ispat’s negative net worth debt and even the fact that its plant is shut since March 2020
-
While Adani Ports' market share is still below 50 percent, it is expected to have a competitive edge over other players as the 12 major ports owned by the Central government control more than half of the country’s port traffic.
-
Tech Mahindra has acquired 8 firms in last two years. The latest acquisition Perigord Asset Holdings will bolster the company’s capabilities in the healthcare and life sciences vertical
-
Aditya Birla Fashion and Retail Ltd (ABFRL) has bought significant stakes in luxury couture businesses of fashion designers Sabyasachi and Tarun Tahiliani. What is the business rationale? Read on
-
India is a focus market for drug companies seeking to diversify outside the US. Companies are adding brands and new products to improve growth rates in India
-
Founded in 2009, Multiples PE is headed by CEO & Founder Renuka Ramnath, the former MD & CEO of ICICI Ventures. In the pharma & healthcare segment, Multiples PE has invested in firms like Natco Pharma, Encube Ethicals and Bengaluru-based Vikram Hospitals.
-
The long awaited acquisition is close to being completed. What it means for JSW’s investors
-
The acquisition of Capco will enhance Wipro’s capabilities. But Indian IT’s limited success in combining consulting and outsourcing offerings is stoking scepticism
-
While the proof of the pudding is in the eating, it's a right directional move by Wipro that if implemented with success can pave the way for a stock rerating in the long run
-
Under the terms of the agreement, Sentynl will make $20 million in upfront development and regulatory cash milestones through New Drug Application (NDA) approval in US. Royalties on CUTX-101 net sales ranging from the mid-single digits up to the mid-twenties are also payable.
-
Troubles at its gas power plants notwithstanding, Torrent Power persisted with building electricity distribution business, helping it grow earnings
-
SPACs, short for special purpose acquisition companies, are rife with misaligned incentives between the sponsor and other investors, particularly those who come after a merger
-
The depreciation on goodwill is always an essential element in calculating post-tax return of an acquisition proposal and would severely impact payback calculations of every M&A deal, and the corresponding negotiations in the bid or offer price for an asset
-
Aditya Birla Fashion is well placed to fund its Sabyasachi acquisition. The company has recently raised funds from a stake sale to Flipkart and from a rights issue
-
Many of the names so far have been shunned by investors, justifiably, on concerns about business growth and asset quality, but they may seem attractive seen with a new lens
-
The cement maker will put up a better show than the industry average on growth numbers, asserts Mahendra Singhi
-
The Tata Group has one of the strongest consumer franchises, yet entering the hyper-competitive e-grocery segment isn't a choice, but rather the only way the salt-to-software conglomerate can keep pace in a rapidly changing environment
-
A changed industry scenario makes it easier for JSW Steel to absorb the weight of the acquisition
