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Taparia family buys majority stake in Guardian Lifecare

August 26, 2016 | Joseph Rai

Taparia family, who sold contraceptive maker Famy Care to Mylan for $800 million last year, has acquired a majority stake in pharmacy chain Guardian Lifecare Pvt Ltd that was mired in a legal dispute with its private equity investor Samara Capital.

Alibaba may pick majority stake in Paytm's e-commerce biz

August 25, 2016 | Binu Paul & Arti Singh

Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications Pvt Ltd, the company that also runs mobile payment and commerce platform Paytm.

Quikr acquires ZapLuk to expand beauty and wellness vertical

August 24, 2016 | Vijayakumar Pitchiah

Online classifieds firm Quikr India Pvt. Ltd has acquired ZapLuk, an on-demand beauty and wellness services provider, to grow its beauty services brand AtHomeDiva.

Exclusive: EnCashea raises funding from Kunal Shah, others; in talks to buy smaller rival RaddiMan

August 23, 2016 | Binu Paul

Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors.

Exclusive: Haldiram's to acquire Indore snack firm

August 23, 2016 | Ranjani Raghavan

Haldiram Foods International Pvt. Ltd, one of India’s largest ethnic snack producers, has struck its first known inorganic expansion move by agreeing to buy an Indore-based snack manufacturer, two persons familiar with the transaction told VCCircle.

Turakhia brothers hit gold with another deal, sell ad-tech firm Media.net for $900 mn

August 23, 2016 | Nishant Sharma

A group of Chinese investors has acquired contextual advertising company Media.net, founded by serial entrepreneur Divyank Turakhia in 2010, for $900 million in cash. 

Future Group in talks with Aditya Birla Retail to buy 'More'

August 23, 2016 | Debjyoti Roy

Kishore Biyani-led Future Group is in talks with Aditya Birla Retail Ltd (ABRL) to acquire the latter’s mega-market brand ‘More’ in a bid to consolidate its dominance in the offline organised retail space.

Thomas Cook buys remaining 24% in Sita World Travel Lanka

August 22, 2016 | Ranjani Raghavan

Thomas Cook India’s Sri Lankan subsidiary has acquired a 24% stake in Sita World Travel Lanka from minority promoters, the company said in a stock exchange filing.

Chinese phone retailer Beijing Digital acquires Saholic.com

August 22, 2016 | Disha Sharma

In an instance of an offline retailer buying an ecommerce property, Chinese handset retailer Beijing Digital Telecom has acquired 49% stake in Spice Online Pvt. Ltd, the online retail arm of Spice Group, according to BSE filings.

Exclusive: Former Paras Pharma execs' firm buying into Chennai-based wellness startup

August 22, 2016 | Joseph Rai & Debjyoti Roy

Athena Life Sciences Pvt. Ltd, founded by the former top executives of the erstwhile Paras Pharmaceuticals, has agreed to pick up a stake in a recently launched Chennai-based health and wellness company, a person close to the development told VCCircle.

Godrej group scouts for more acquisitions

August 20, 2016 | PTI

The Godrej group, with three companies in its fold, is looking for acquisitions in developing countries of Asia, Africa and South America.

Exclusive: Baring Private Equity Asia to set up credit platform, eyes an Indian company

August 19, 2016 | Swet Sarika

Baring Private Equity Asia (Baring Asia) is in advanced stages of discussion to acquire an Indian firm which would not only allow to expand its India exposure but also add a new line of business under its umbrella, two people familiar with the development told VCCircle.

China's Tidfore to invest up to $150 mn in Miglanis' owned Uttam Galva Metallics

August 19, 2016 | PTI

Uttam Group today said it has signed an investment agreement of up to USD 150 million with Chinese firm Tidfore Heavy Equipment Group Co Limited.

The investment will be in the form of equity for Uttam Groups Wardha Expansion Project undertaken in conjunction with POSCO.

Exclusive: Snapdeal dials Flipkart, Amazon to explore merger possibilities

August 18, 2016 | Manu P Toms & Bruhadeeswaran R

Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry.

SingTel to up stake in Bharti Airtel for $657 mn; Temasek books huge loss

August 18, 2016 | TEAM VCC

Singapore Telecommunications Ltd (SingTel) will buy out the remaining stake of Temasek in Bharti Telecom Ltd (BTL) for Rs 4397 crore ($657 million or S$884 million) to indirectly push up its holding in Bharti Airtel Ltd (BAL), India’s top telecom service provider.

Strides Shasun to hive off bulk drugs business

August 17, 2016 | Joseph Rai

Drugmaker Strides Shasun Ltd said on Wednesday it has received board approval to hive off its active pharmaceuticals ingredients (API) business into a wholly owned subsidiary.

Pigeon Express takes over reins of e-commerce logistics firm GoJavas

August 17, 2016 | Nishant Sharma

Pigeon Express Pvt. Ltd has taken over the operations of GoJavas with the former's director, Anand Rai, joining the e-commerce logistics company as managing director.

Exclusive: Exhibition organiser ABEC’s promoters acquire art monetisation portal PosterGully

August 17, 2016 | Debjyoti Roy

The promoters of private exhibition organiser Asian Business Exhibitions and Conferences (ABEC) has acquired art monetisation portal PosterGully in a bid to tap the potential of the fast growing e-commerce space in the country, a top company executive told VCCircle.

Zee Learn revises merger terms with Tree House

August 17, 2016 | Debjyoti Roy

Zee Learn Ltd, the education arm of Essel Group, has proposed to issue fewer shares to shareholders of Tree House Education & Accessories Ltd, in a revised merger agreement that will create the largest pre-school chain in the country, the two firms said on Wednesday.

Puma buys out local partner Knowledge Fire from joint venture

August 17, 2016 | Debjyoti Roy

German sportswear giant Puma has acquired the entire stake of its local partner Knowledge Fire from their joint venture, making Puma India Retail its fully owned subsidiary.

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