The company plans to expand its distribution network and strengthen presence in the higher-end fashion category through new products and JVs.
Nair, who has been an operating partner with IEP and CEO with restaurant chain Sagar Ratna, has quit both the private equity firm and the chain.
With 650 Domino’s stores across 137 cities, India is the third-largest market globally for Domino’s after UK (750 stores) and US (4,900 stores).
IMS is also looking at acquisitions in the test prep space.
The company is in talks with private equity players to raise $10 million.
However, the drug firm has agreed to Mylan holding back $250 million following a warning letter it received from USFDA for one of its facilities.
The BSE Sensex marked its highest close in a month on Thursday as stocks of blue chip companies surged after exit polls predicted a strong showing for BJP, perceived to be business-friendly, in state elections held recently.
Punj Lloyd and Avenue Capital have invested in Medanta, a majority of which is still owned by its founder Naresh Trehan.
The privately held group has hired a top executive from JP Morgan Global Asset Fund who is spearheading its London office.
I agree Mr. Sunny Jain. Wealth Management is a fine art if practised properly and under the correct ethics code. I...
That is a huge amount of money. Should have given it to wealth managers instead! They are better at managing it....
Congratulations Raghu and Team M&A...
A really good approach to evaluate investments in start-ups (mostly tech). Valuing difficult to value companies is...