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News Roundup: Dabur eyes Keo Karpin, Boroline’s Eleen oil

05 November, 2012

Dabur eyes Keo Karpin, Boroline’s Eleen oil: FMCG major Dabur India is eyeing two popular brands — the Kolkata-based GD Pharmaceuticals-controlled Boroline’s Eleen and Dey’s Medical-owned Keo Karpin —as part of its strategy to acquire niche regional brands to boost its presence in the domestic personal care market, especially the hair care segment. A source with knowledge of the matter claimed Dabur might have already approached the two companies, without revealing further details.

Spencer’s joins race to buy denim maker Spykar: Spencer’s Retail, flagship company of RP-Sanjiv Goenka Group, has joined the race to acquire Spykar Lifestyle, the biggest domestic denim maker. Spencer’s is in early stages of discussions with Avigo Capital, a private equity (PE) major that holds 60 per cent stake in Spykar.

Dabur to spin off retail business: Fast moving consumer goods (FMCG) major Dabur India will look for strategic investors for its retail subsidiary, H&B Stores, which operates New U stores across India.“We would spin off the retail business eventually. With the government opening foreign investments in retail, we would essentially look for foreign retailers as strategic investors,” said Dabur India Chief Executive Officer Sunil Duggalanda

DLF may raise Rs 2,500Cr from Amanresorts, wind energy biz sale: Realty major DLF expects to raise about Rs 2,500 crore by end of this fiscal from sale of its two non-core businesses, luxury hospitality chain Amanresorts and wind energy business, a top company official has said. (Business Standard)

Apollo Hospitals gears up for Rs 2000Cr expansion plan: Country’s leading hospital chain Apollo Hospitals Enterprises Ltd (AHEL) is planning to invest around Rs 2,000 crore to add 2500 beds between 2013 and 2015. It may be noted, currently it is in the process of adding around 1500 beds with an outlay of around Rs 2,000 crore and its gearing up for the next round. (Business Standard)

ICICI Venture to invest up to Rs 500Cr in 2 yrs: ICICI Venture today said it is planning to invest around Rs 500 crore in various residential projects in the next two years.”Despite the current sluggishness, we are bullish about the growth in the residential segment. We want to fund residential projects and we are looking to invest close to around Rs 500 crore over the next two years,” ICICI Venture Capital President (Real Estate) Sanjeev Dasgupta told reporters on the sidelines of a FICCI event here. (Business Standard)

Hinduja group set to buy Houghton Intl for $1.1B: The Hinduja group is close to announce the acquisition of US-based chemical firm Houghton International for close to $ 1.1 billion. The deal could be announced any time as most of terms have been cleared between the two parties, a top official said. This will be the biggest outbound acquisition from India Inc this year just days after Hyderabad-based Rain Commodities announced takeover of German speciality firm, Rutgers for Euro 702 million. (Business Standard)

Cinemax stock zooms on takeover buzz: The stock of Cinemax India zoomed 19.99% today on market rumours of a possible takeover attempt by one of its rival multiplex chain. The scrip hit the upper circuit on the Bombay Stock Exchange today, closing at Rs 99.95. The buzz that multiplex players Inox Leisure, PVR Ltd and Cinepolis India are interested in Cinemax fuelled the activity in the counter. (Business Standard)

Wipro Consumer Care looking at more acquisitions: Wipro Consumer Care and Lighting (WCCL) said that acquisitions have helped expand the company’s margins as well as brands grow and achieve the top five positions in the categories they are present in. “We are always working on acquisitions. We are looking at developing countries such as Africa and Middle East for inorganic growth,” said Vineet Agarwal, President, Wipro Consumers. (Business Line)

Courtesy: VCCEdge


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News Roundup: Dabur eyes Keo Karpin, Boroline’s Eleen oil

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