Home services startup SBricks acquires HomeCues
Hyderabad-based facility management services provider SBricks Castle Care Pvt. Ltd has acquired home services aggregator HomeCues for an undisclosed amount in an all-stock deal.The similarity in businesses of the two companies provided an opportunity for the merger, Nithin Devireddy, CEO of SBricks, said in a statement.“We thought this would be ......
Company watch: PE-backed Intas Pharma enjoying a healthy dose of growth
It was in 1996 that Intas Pharmaceuticals Ltd first attracted a private equity investor. Twenty-one years later, PE firms’ interest in the drugmaker hasn’t dampened much.Earlier this month, US-based investment firm Capital International acquired a 3% stake in the Ahmedabad-based company from homegrown PE firm ChrysCapital for Rs 690 crore ......
XCyton Diagnostics Raises Rs 20Cr From Fidelity Growth Partners
XCyton Diagnostics Pvt Ltd, a Bangalore-based privately held medical diagnostics company, has raised up to Rs 20 crore from Fidelity Growth Partners, the asset management arm of Fidelity India, at least two sources briefed with the matter told VCCircle.XCyton is a product development company, founded in 1993 by Dr B.V. ......
Fujifilm Plans Generics JV With Dr Reddy’s
Japan's Fujifilm Holdings said on Thursday it is close to reaching an agreement to form a joint venture with Dr Reddy's Laboratories Ltd of India to develop generic drugs for the Japanese market.A spokesman for Fujifilm Holdings did not provide further details on the planned alliance.Facing ballooning medical costs from ......
News Roundup: Warburg Pincus To Invest In Liquid Storage Firm
Warburg Pincus To Invest In Liquid Storage Firm - Chennai-based IMC is set to raise upwards of Rs 200 crore by diluting equity in favour of global PE biggie Warburg Pincus. Warburg would invest in the company for a minority stake which will help IMC in its bid to to ......
Khazanah-controlled IHH offloads over half of its stake in Apollo Hospitals
IHH Healthcare Berhad, majority owned by Malaysian sovereign wealth fund Khazanah Nasional Berhad, has sold over half of its holding in India’s largest hospital operator Apollo Hospitals Enterprise Ltd as it focuses on its independently owned businesses in the country.IHH sold a little over 6% stake in Apollo Hospitals on ......
Hiring startup Belong.co ropes in former Groupon top exec
NASDAQ-listed deals aggregator Groupon Inc’s chief operating officer Bharath Devanathan has joined Bangalore-based recruitment solutions startup Belong.co as chief customer officer, his LinkedIn profile shows.Devanathan joined Groupon India as vice president in April 2011 and in August he was appointed as chief operating officer. Later in 2013, he was made ......
Aditya Birla Group Mulls Bid For Australia’s New Hope
India's diversified Aditya Birla Group is considering bidding for Australia's New Hope Corp , a $5 billion coal miner that put itself up for auction last month, sources with direct knowledge said on Wednesday.The group, a telecoms-to-cement conglomerate, requires thermal coal for group companies Hindalco Industries , India's top aluminium ......
Maybank To Launch $500M Clean Energy Fund For APAC
Maybank Islamic Berhad has inked an agreement with Maybank MEACP Pte Ltd of Singapore to launch a $500 million private equity fund focused on clean and renewable energy space in India, China and other parts of the Asia-pacific region.Maybank MEACP is a joint venture created by Maybank (of Malaysia) and ......
Aurobindo Pharma buys four biosimilar drugs from TL Biopharmaceutical
Drugmaker Aurobindo Pharma Ltd has bought four biosimilar products from Swiss firm TL Biopharmaceutical AG, marking its entry into the evolving biosimilar space, a company statement said. Three of the four biosimilars are monoclonal antibodies in oncology and the regulatory filing for the products will take place between 2020 and ......
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