New Delhi: Hero FinCorp Ltd, the retail lending arm of Hero MotoCorp Ltd, said on Thursday that it had raised Rs1,000 crore, as it seeks to expand its loan book more than four-fold by 2020. The non-banking financial...
PE funds like Blackstone, GIC and others in talks for 25% stake in Lemon Tree
MUMBAI: Global private equity funds Blackstone, Brookfield, GIC, ADIA, and CPPIB are in talks to pick up around 25 per cent stake in Lemon Tree Group of Hotels for about $150-200 million, valuing the company at about...
Birla Corp completes acquisition of Anil Ambani’s Reliance Cement at Rs 4,800 crore
MUMBAI / KOLKATA: Birla Corporation on Monday said it has completed an acquisition of Anil Ambani’s cement business, a wholly-owned arm of flagship Reliance Infrastructure, for an enterprise valuation of about Rs...
Multiples & ChrysCap lead race for Hero FinCorp stake
MUMBAI: Indian private equity firms Multiples and ChrysCapital have emerged as the frontrunners for a stake of about 13 percent in Hero FinCorp, the consumer finance arm of Hero MotoCorp, said two people with knowledge...
Reliance Infra in talks to sell road assets portfolio
The group has been selling its assets across companies in an attempt to cut debt even as it expands its focus on the manufacture of defence equipment. Reliance Infrastructure Ltd, part of Anil Ambani’s Reliance Group...
Hero Electronix buys TES DST India business
The Hero Group’s new division will focus on supporting design and manufacture of electronic products for global companies. Hero Electronix, a Hero Group company engaged in electronics design and manufacturing, on...
M&A Happenings : June 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals June 2016 April 2016 Agriculture 1 3 Chemicals 4 3 Entertainments – 5 Financial Services 7 16 Information Technology 1 11 Investment...
Daimler, Hero Group in commercial vehicle JV
Daimler, Hero Group in commercial vehicle JV Daimler Trucks, the commercial vehicle business unit of the German automobile giant Daimler AG, announced its joint venture agreement with the Munjal-promoted Hero Group to...
Daimler, Hero ink truck JV
Daimler, Hero ink truck JV Barely four days after Volvo announced its tie-up with Eicher, MNC auto major Daimler Trucks has announced a joint venture (JV) with the Hero Group to manufacture light, medium and heavy-duty...
Hero Motors forms jt venture with Kiriu Corp of Japan
Hero Motors forms jt venture with Kiriu Corp of Japan Hero Motors Ltd, part of the Hero Group, on Wednesday entered into a joint venture with Kiriu Corporation, Japan.The joint venture company, Munjal Kiriu Industries...
Tata Steel sets up ‘group centre’ to address key functions
Tata Steel sets up ‘group centre’ to address key functions Tata Steel has identified key functions to be performed with a common approach across the steel major’s group and has set up a ‘group...
Keventer buys Gujarat food units
Keventer buys Gujarat food units Keventer Agro, the Kolkata based Rs 400 crore foods company promoted by Mahendra Kumar Jalan, is looking for a foreign partner to develop export markets for milk-based products and other...