On demand mobile laundry startup, Wassup has acquired Village Laundry Services flagship brand ‘Chamak’, for an undisclosed amount, in a full equity deal. With the deal, Wassup announced its commencement of...
Temasek, Vy Capital Invest In Zomato
Online restaurant search and review portal Zomato, has raised about R400.29 Cr ($60 Mn) in a fresh round of funding led by Temasek Holdings, and existing investors Vy Capital. The proceeds will be utilize in its new...
Everstone Capital Acquires Stake In SJS Enterprises
PE firm Everstone Capital has acquired controlling stake of over 51% in Bengaluru based domestic auto components maker SJS Enterprises, for a consideration of about R350 Cr ($54 Mn). Everstone Capital acquired 26% owned...
Japanese investors return to to India seeking emerging market yield
Just two years after India’s policymakers stared down a major capital flight threat, the country has become a hot emerging market investment destination for one of the world’s most robust sources of capital...
Piramal Abbott Story : Deal Impact
In 2010, Ajay Piramal promoted Piramal Healthcare sold off its main formulation business to Abbott India for over INR 17,000 crore and announced a buy-back of up to 20% of outstanding share capital of the company at INR...
M&A Happenings: October 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals November 2015 September 2015 Agriculture – – Financial Services 1 2 Investments – – Information Technology 2 1...
Inbound M&A Deals on I-T Department’s Radar
The Tax department has fixed its eagle eye on yet another target — this time it’s inbound mergers and acquisitions (M&As). Forty companies are said to have received notices and the total tax demand...
Ashish Kashyap on “start from the ground”
Leadership & Quotes: Ashish Kashyap “Wherever there is a big problem there is an opportunity” “build+invest+acquire” Ashish Kashyap, founder and chief executive officer of ibibo Group is a quintessential start-up...
Consolidation of clicks
Over the last decade, the Internet has changed the way of living of people. Due to the proliferation of Internet use, everything in the world is getting online. From Good Morning to Good Night, everything is available...
M&A Happenings: September 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals September 2015 August 2015 Agriculture – 1 Financial Services 2 1 Investments – 2 Information Technology 1 4 Infrastructure...
Castex Technologies Allots Shares
Even as the bond holders of Castex Technologies, formerly Amtek India, alleged manipulation, the company on Thursday converted around $80 million (Rs.530 crore) of bonds into equity. The Amtek group company...
Paved way for Merger of FMC with SEBI
On 24th August 2015 The Securities and Exchange Board of India (SEBI) paved the way for the merger of Forward Markets Commission (FMC) with SEBI. According to a press release issued by SEBI, its board has cleared the...