Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved, led by Baba Ramdev. In a regulatory filing...
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Private equity group Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people...
General Atlantic buys majority stake in Ujala Cygnus
US-based private equity (PE) firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with a network of 21 hospitals across tier II and tier III cities. The financial...
Food company Annapurna Swadisht acquires ‘Arati’ edible oil brand for Rs 28 cr
Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old ‘Arati’ brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore...
India’s Manipal Health set to buy majority stake in Medica Synergie for $151 mln, source says
India’s Manipal Health is set to buy a 93% stake in Medica Synergie as early as April for about 12.50 billion rupees (about $151 million), according to a source familiar with the matter, uniting the two Temasek...
Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
Prataap Snacks issues clarification: Yellow Diamond parent ‘not in negotiations’ with ITC for 47% stake sale
Prataap Snacks on Thursday rejected media reports that ITC is planning to buy a 47% stake in the company. The Yellow Diamond parent firm issued a clarification in which it said that it is not in any negotiations with...
ITC may munch on Peak XV’s 47% stake in Prataap Snacks; PE funds tapped too
ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s...
Merger driven by Venture Capital
The Board of Directors of JHS Svendgaard Laboratories Limited announced merger of the company with private company Vedic Cosmeceuticals Private Limited. As acclaimed by the management, the product portfolio of Vedic...
NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q Shop
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sahara Q Shop Unique Products Range Ltd, the FMCG and retail arm of Sahara India Pariwar, under the Corporate Insolvency Resolution Process...
Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr
Raymond Group on Friday announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. The transaction will be subject to...
Tata Consumer to merge 3 wholly-owned subsidiaries – NourishCo, SmartFoodz and Soulfull
Tata Consumer Products Ltd said it would merge its three wholly-owned subsidiaries — NourishCo Beverages, Tata SmartFoodz and Tata Consumer Soulfull — to ensure “more effective utilisation of the...