The Adani Group and Jindal Power have expressed their interest to acquire Videocon’s consumer durable business which was put on sale for the second time by the lenders. The Adani group’s surprise entry into...
NCLT orders liquidation of Mehul Choksi-owned Nakshatra Brands
A Mumbai court has ordered the liquidation of Nakshatra Brands owned by fugitive diamond trader Mehul Choksi, who is charged with duping banks of thousands of crores of rupees. This would be another case where...
Good Glamm in talks to buy stake in St Botanica
Good Glamm Group is in advanced talks to acquire strategic stake in skin and personal care brand St.Botanica, which would make it the first acquisition for the company after it joined the club of unicorns this week. A...
IPO-bound Nykaa buys skincare company Dot & Key
IPO-bound Omni-channel beauty and consumer-care products retailer Nykaa has acquired homegrown skincare brand Dot & Key. This is the first D2C (direct to consumer) beauty brand acquired by Nykaa, which is looking to...
Renee Cosmetics raises $1.5 million in pre-series A funding
Beauty brand Renee Cosmetics on Friday said it has raised $1.5 million in its pre-series A funding round, led by Equanimity Ventures and 9Unicorns along with Titan Capital. Founded by Aashka Goradia Goble along with...
Whirlpool to acquire additional 38% stake in Elica PB India for $57 mn
Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for USD 57 million (around Rs 420 crore). The company said it has entered...
Videocon insolvency: Lenders make U-turn, want fresh bids
After getting rapped for accepting Vedanta group’s bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT...
MyGlamm buys BabyChakra to enter baby care category
Direct-to-consumer (D2C) beauty retailer MyGlamm has acquired online parenting platform BabyChakra to foray into the mother and babycare category, it said on Monday. The financial details of the acquisition have not...
Adidas agrees to sell Reebok to Authentic Brands
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the equivalent of $2.47 billion, putting an end to months of speculation over potential buyers for the athletic brand...
D2C brand Bella Vita Organic raises $10 mn in Series A funding
Direct-to-consumer personal care brand Bella Vita Organic on Tuesday said it has raised $10 million Series A funding from Ananta Capital, a private equity platform backed by Mumbai-based Taparia family of Famy Care...
KKR completes $625 mn majority stake acquisition in Fogg deo maker Vini Cosmetics
American private equity firm KKR on Thursday said that it has completed the acquisition of a majority stake in Darshan Patel promoted Vini Cosmetics, a leading branded personal care and beauty products company in India...
Emami ups stake to 46% from 33% in male grooming company Helios Lifestyle
FMCG firm Emami Ltd has upped its stake in Helios Lifestyle, known for its male grooming brand, The Man Company (TMC). Emami said on Monday that it had increased its existing strategic stake of 33.09 per cent to 45.96...
