InsuranceDekho’s founder and CEO Ankit Agrawal Tuesday said the leading Indian insurtech startup has acquired Verak, a Mumbai-based SME insurance distribution company. The InsuranceDekho’s founder and CEO took to...
Nazara’s subsidiary acquires 51% stake in of Branded Pte. Ltd
Listed gaming startup Nazara Technologies Ltd’s on Tuesday announced its subsidiary Nodwin International Pte. Ltd has signed definitive agreements for the acquisition of 51 per cent of the share capital of Branded Pte...
L’oreal buys Australian brand Aesop from Natura in $2.5-billion deal
L’Oreal announced Tuesday the signing of an agreement with Brazil’s Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion. The Aesop brand posted sales of...
Nirma Group acquires eye drop maker Stericon Pharma
The Nirma Group has acquired Bengaluru-based Stericon Pharma Pvt Ltd, a maker of eye drops and contact lens solutions. The financial details were not disclosed, but a statement on the private equity (PE) firm...
Aquapharm in talks to sell stake for ₹5k crore
Speciality chemicals firm Aquapharm Chemicals Pvt. Ltd is in talks with private equity (PE) investors to raise ₹5,000 crore through a stake sale, two people familiar with the development said. However, the company has...
Investors to decide on demerger of RIL’s finserv arm
Reliance Industries Ltd has initiated the process for the demerger of its financial services business and will hold a meeting of secured and unsecured creditors, and shareholders on 2 May to get the mandatory approvals...
CVC, Advent, Bain in race to buy Porus Labs for about ₹2,500 cr
CVC Capital, Advent International and Bain Capital, among others have evinced interest in acquiring Porus Laboratories, said two people in the know. Although formal bids will be placed in April, Porus Laboratories is...
Jain Irrigation completes merger of international business with Rivuli
Jain Irrigation Systems Limited (JISL) said on Thursday announced that it has completed the merger of its international irrigation business with Rivulis Pte Ltd., a part of Temasek Group, to create a global irrigation...
Avendus fund picks up stake in Indegene
Avendus Future Leaders Fund has picked up a stake in IPO-bound Indegene Pvt Ltd in a secondary transaction, which values the healthtech firm at over $1.5 billion, two people in the know said. Carlyle and another...
Fairfax acquires 4.45% stake in Quess Corp via reverse book building
Quess Corp said that Fairfax Capital Mauritius Limited, which is also the promoter in the company has acquired 4.45 per cent stake in the company. Fairfax Capital Mauritius Limited has acquired the stake in Quess Corp...
GoMechanic acquired by consortium led by Lifelong Group
Distressed car services platform GoMechanic, whose founders admitted to financial irregularities in January, has been sold to a consortium led by Delhi-based auto components manufacturer Lifelong India Pvt Ltd. Lifelong...
JSL buys 49% stake in Indonesian nickel co
Jindal Stainless Ltd (JSL) has picked up a 49% stake in Indonesian metals company, New Yaking Pte. Ltd, for about $157 million ( ₹1,233 crore), it said in a statement on Tuesday. The joint venture will allow JSL to...
