On March 24 2014, the Board of Directors of infrastructure conglomerate Jaiprakash Associates Limited (JAL) had approved signing of Share Purchase Agreement with Dalmia Cement (Bharat) Limited for sale of 74% stake...
Thomas Cook’s Sterling Move
Billionaire investor Prem Watsa-backed Thomas Cook India had acquired vacation ownership Sterling Holiday Resorts for Rs 870 crore, marking its foray into the hospitality sector. For Thomas Cook, it was the...
DLF Back To Core
In order to hive off some non core business and pare debt, DLF concluded the sale of luxury hospitality chain Aman Resorts for an enterprise value of $358 million (approx Rs 2,230 crore). The country’s...
Aurobindo Pharma Expands Overseas Operations
At a time when Aurobindo Pharma gets nearly twothird of its revenues from abroad, it is quite natural for the company to aggressively expand its operations globally. The company bought Dublinbased Actavis Plc’s...
Amtek Acquires Germany’s Kuepper Group
In a bid to increase its global footprints abroad, automotive component supplier Amtek Auto Ltd, backed by investors like Warburg Pincus and Chrys Capital, had signed an agreement to acquire substantial...
Apollo‐Cooper Deal: How It Collapsed
In June 2013, Apollo Tyre’s Limited announced that it would acquire Cooper Tire & Rubber Company in an all-cash transaction valued at $2.5 billion. But Copper decided first to terminate the deal...
Clariant’s Acquisition Of Plastichemix : A Lesson For India Inc
In order to consolidate its position in the chemicals business, Mumbaibased Clariant Chemicals (India) Ltd. (CCIL), a specialty chemical major had acquired Gujaratbased Masterbatches maker...
Torrent‐Elder Pharmaceuticals Acquisition For Mutual Benefit
Torrent Pharmaceuticals had acquired the branded domestic formulations business of Elder Pharmaceutical in India and Nepal for Rs 2,004 crore. The deal helped the Ahmedabad‐based company to widen its market...