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M&A

Analjit Singh-led firm buys 51% in restaurant chain Riga Foods

October 18, 2016 | Debjyoti Roy

Billionaire Analjit Singh-led Piveta Estates has acquired a 51% stake in Riga Foods, which operates a chain of Italian-cuisine restaurants in Delhi-NCR, for an undisclosed amount.

Exclusive: UK’s Compass renews acquisition bid in Indian catering space

October 17, 2016 | Debjyoti Roy

European catering giant Compass Group PLC is in an early stage of discussions to acquire a leading south Indian corporate catering firm, a person privy to the development told VCCircle.

FirstCry buys Mahindra's BabyOye; gets $34 mn from Mahindra, Adveq & others

October 17, 2016 | Dearton Thomas Hector

Online baby products retailer FirstCry has agreed to acquire auto-to-software conglomerate Mahindra & Mahindra Ltd’s baby-care business BabyOye in a cash-and-stock deal that will help it consolidate its presence in the growing segment through an omni-channel strategy.

Ronnie Screwvala’s UpGrad forays into corporate training, acqui-hires Pyoopil

October 17, 2016 | Binu Paul

Media industry veteran Ronnie Screwvala’s education-technology startup UpGrad has acqui-hired Pyoopil Education Technologies Pvt. Ltd, marking its entry into the corporate training space, it said in a statement. 

Exclusive: More Indian buyers may line up for the remaining bits of Teva’s assets

October 17, 2016 | Ranjani Raghavan

Some more Indian pharma firms may end up buying the remaining bits of Teva Pharmaceuticals’ products across the European Economic Area (EEA) region, two people familiar with the transaction told VCCircle.

ITC to sell US-based cigarette supplier King Maker Marketing

October 10, 2016 | Joseph Rai

Diversified conglomerate ITC Ltd said it will sell its entire 100% stake in its US-based wholly-owned subsidiary King Maker Marketing, which supplies premium quality cigarettes, for about $24 million (Rs 160 crore).

Exclusive: RechargeItNow mandates banker to find a buyer

October 10, 2016 | ARTI SINGH AND SWET SARIKA

RechargeItNow, an NCR-based online recharge platform, which till four years ago was considered the market leader in the sector, is looking for a strategic partner.

Piramal to buy five products from Janssen Pharmaceutica for up to $175 mn

October 10, 2016 | TEAM VCC

Ajay Piramal-led Piramal Enterprises Ltd has sealed a deal to buy a clutch of products from Janssen Pharmaceutica NV for up to $175 million, it said on Monday. It joins other Indian pharma companies like Lupin, Cipla and Intas that have inked big overseas deals abroad in the last one year.

Weekly Deals Tracker: Intas, Adani in large M&As; Argand, Everstone top PE charts

October 08, 2016 | Keshav Sunkara

The week saw three large M&A deals led by the first acquisition of a British unit by an Indian company since Brexit.

Sheroes takes over women's job portal Gharkamai

October 07, 2016 | Disha Sharma

Women-focussed career platform Sheroes has acquired Gharkamai.com, an online platform which helps stay-at-home professional women find work, for an undisclosed amount.

Debt laden ABG Shipyard to sell Western India Shipyard

October 07, 2016 | PTI

ABG Shipyard has decided to divest its subsidiary Western India Shipyard Ltd and will invite bids from prospective investors. 

The decision was taken in the meeting of the board of directors of the company held today.

After Enercon and Mehras legal battle, WWIL seeks to sell wind power assets

October 07, 2016 | Rounak Kumar Gunjan

The consolidation in the Indian clean energy space continues with Wind World (India) Ltd (WWIL), exploring the sale of 202.4 megawatt (MW) wind power projects.

CK Birla firm to buy two cement assets from Jaypee Group for $300 mn

October 06, 2016 | TEAM VCC

CK Birla group firm Orient Cement Ltd has struck twin deals with Jaiprakash Associates Ltd to buy its majority stake in a joint venture with Steel Authority of India Ltd (SAIL) and a grinding unit from another group firm to expand to other regions.

Exclusive: Chinese firm buys Zuri Group scion's B2B e-commerce firm

October 06, 2016 | Binu Paul

Online office supplies startup Zoffio.com, founded by the scions of the Kamani family that owns the luxury hospitality brand Zuri Group Global, has been sold to a Chinese firm for an undisclosed amount after operating for nearly three years, a company spokesperson told Techcircle.

Exclusive: Cipla eyes fresh push into China

October 06, 2016 | Ranjani Raghavan

Indian pharmaceuticals giant Cipla Ltd that has scaled down its business in China over the last three-four years even as it has been aggressively looking at overseas acquisitions is now relooking at its strategy.

Temasek-backed Intas to buy Teva’s operations under Actavis in UK & Ireland for $769 mn

October 05, 2016 | TEAM VCC

World’s largest generic drugmaker Teva Pharmaceutical Industries Ltd said on Wednesday it has agreed to sell assets and operations of Actavis Generics in the UK and Ireland to Intas Pharmaceuticals Ltd, for £603 million ($769 million or Rs 5,117 crore).

Regional carrier Air Costa in talks with foreign airlines for strategic stake sale

October 05, 2016 | PTI

Air Costa is at "advanced stages" of discussions with foreign carriers, including those from the Gulf, for a possible stake sale, as the Vijayawada-based airline seeks to spread its wings after securing flying permit for pan-India operations.

Adani to buy Reliance Infra’s power transmission biz

October 05, 2016 | TEAM VCC

Adani Transmission Ltd has signed a binding term sheet to acquire Reliance Infrastructure Ltd’s (R-Infra) stake in three power transmission projects, which would strengthen its position as a top private player in the business.

JCB Salons buys Trica Hair Clinic, The Home Salon

October 04, 2016 | Bruhadeeswaran R

Mumbai-based JCB Salons Pvt. Ltd is acquiring two companies—hair solutions specialist Trica Hair Clinic and home service brand The Home Salon—to enhance its offerings.

Anik to invest up to $21 mn in Revera’s mixed-use project; pick majority stake in Sri Lankan firm

October 04, 2016 | Joseph Rai

Dairy products manufacturer Anik Industries Ltd that completed the sale of its dairy business to Lactalis last month, said it will invest up to Rs 140 crore (around $21 million) in the proposed hospitality-cum-mixed-use project of Revera Milk and Foods Pvt. Ltd.

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