Consumer goods companies are expected to step up the pace of acquisitions in the coming months as organic growth in the Rs 3.2-lakh-crore domestic fast moving consumer goods (FMCG) market remains muted. While financial...
HUL to acquire Indulekha for Rs 330 crore
MUMBAI: Hindustan UnileverBSE -0.03 % Ltd (HUL) has signed an agreement with Mosons Group to acquire hair-care brand Indulekha for Rs 330 crore and further deferred payments based on performance, in a move aimed at...
Godrej Agrovet acquires Creamline Dairy’s 25 per cent stake for Rs 150 crore
MUMBAI: Godrej Agrovet, India’s largest animal feed manufacturing company, has acquired a majority stake in Hyderabad-based Creamline Dairy, making its foray into the county’s Rs 4 lakh crore dairy business...
HUL to acquire Indulekha for Rs 330 crore
MUMBAI: Hindustan UnileverBSE 0.76 % Ltd (HUL) has signed an agreement with Mosons Group to acquire hair-care brand Indulekha for Rs 330 crore and further deferred payments based on performance, in a move aimed at...
Tata Global launches instant coffee brand to compete with Nescafe, Bru
MUMBAI: India’s second largest tea maker Tata Global Beverages has forayed into instant coffee business in the country by launching Tata CoffeeBSE 1.06 % Grand, which will compete with Nestle’s Nescafe and...
Infosys’ Sikka Buys Panaya For a Giant Leap
In February 2015, Infosys bought Panaya Inc., a leading provider of automation technology for large scale enterprise software management, for an enterprise value of $200 million (Rs 1,244 crore). The payment was upfront...
The Multiple Paradox
The popularity of Multiples among investors is well known. But, recently this trend is catching up amongst executive/ managerial people as well. Some of the common valuation multiples frequently used are Price-to...