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Career Launcher parent inks deal to sell pre-and K-12 schools biz

March 21, 2017 | Swet Sarika

Education services company CL Educate Ltd, which floated its initial public offering (IPO) on Monday, has signed an agreement to sell its portfolio of pre- and K-12 schools to another education services company, it is learnt.

Exclusive: Havells out to acquire another brand to boost appliances biz

March 21, 2017 | Swet Sarika

Electrical products maker Havells India Ltd (HIL), which recently inked an agreement to acquire the white goods and electronics business of Lloyd Electrical and Engineering Ltd, is going aggressive on its acquisition strategy to boost its consumer durables foray.

Jubilant Life Sciences explores acquisition of US-based pharma biz

March 21, 2017 | Joseph Rai

Pharmaceutical and life sciences firm Jubilant Life Sciences Ltd will explore an acquisition of a specialty pharma business in the US.

The acquisition will be done through the firm's Singapore-based wholly-owned subsidiary Jubilant Pharma Ltd, it said in a stock market disclosure. 

All that happened in the PE/VC and M&A space last week

March 20, 2017 | Keshav Sunkara

In the deals space, impact funds Incofin Investment Management and ResponsAbility Investments AG invested $20 million in agri-logistics company Sohan Lal Commodity Management in a mix of primary and secondary transactions.

Vodafone India, Idea Cellular agree to merge

March 20, 2017 | Ranjani Raghavan

Vodafone Group Plc’s India unit and Aditya Birla Group company Idea Cellular Ltd have agreed to merge in a transaction that will create the country’s biggest telecom operator, valued at $23.2 billion.

Exclusive: SRS Cinemas’ sale talks with PE, multiplex firms hit valuation dead-end

March 20, 2017 | Bruhadeeswaran R

Diversified consumer services firm SRS Ltd’s plan to sell its cinema exhibition business to cut debt has hit a dead-end over valuation mismatch, said a person close to the development.

Marico picks up 45% stake in men’s grooming startup Beardo

March 18, 2017 | Debjyoti Roy

Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, on Friday announced its foray into the male grooming market by picking up a stake in Zed Lifestyle Pvt Ltd, which owns Beardo.

Sun Pharma's arm to acquire Canadian drug firm Thallion

March 17, 2017 | Joseph Rai

India's biggest drugmaker Sun Pharmaceutical Industries Ltd has agreed to acquire Canadian pharmaceuticals firm Thallion Pharmaceuticals Inc for 2.7 million Canadian dollars (around $2 million).

Indian Oil to sell 24% stake in JV to US partner Lubrizol

March 16, 2017 | Reuters

India's cabinet gave the go-ahead on Wednesday for state-run Indian Oil Corp to sell a 24 percent stake in a joint venture to its U.S.-based partner Lubrizol Corp, a government statement said.

Bharti Airtel scraps plans to sell majority stake in tower arm

March 16, 2017 | Ranjani Raghavan

Bharti Airtel Ltd has shelved its plans to sell a majority stake in its telecom tower arm Bharti Infratel Ltd, the company told the stock exchanges. Instead, the company said it might sell a minority stake of 21.63% to investors.

Vedanta’s Agarwal to buy $2.5 bn stake in Anglo American

March 16, 2017 | Reuters

Indian billionaire Anil Agarwal said he was buying a 2 billion pound ($2.45 billion) stake in Anglo American, sending the global miner's shares sharply higher and signalling a possible return to large-scale dealmaking in the sector.

PickMyLaundry acquires OneClickWash in all-cash deal

March 16, 2017 | Varun Arora

New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal.

Zee Entertainment to buy 80% stake in tech startup Margo Networks

March 15, 2017 | Arti Singh

Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million).

Talwalkars snaps up majority stake in Snap Fitness’ Indian business

March 15, 2017 | Debjyoti Roy

Gymnasium chain Talwalkars Better Value Fitness Ltd (TBVF) has acquired a majority stake in Force Fitness India Pvt Ltd, the master franchisee of US-based fitness clubs operator Snap Fitness Inc.

IndusInd Bank to acquire IL&FS Securities

March 15, 2017 | Bruhadeeswaran R

Hindujas-promoted private lender IndusInd Bank has set the ball rolling to acquire IL&FS Securities Services Ltd (ISSL) for an undisclosed amount.

Exclusive: Hands-On Management Services in advanced talks for majority stake sale

March 14, 2017 | Bruhadeeswaran R

Mumbai-based integrated facility management company Hands-On Management Services Pvt. Ltd is in late stages of discussion with investors to sell a majority stake, a top company executive told VCCircle.

Godrej Consumer hikes stake in Senegalese hair-care firm

March 14, 2017 | Joseph Rai

Home-grown FMCG firm Godrej Consumer Products Ltd (GCPL) is raising its stake in African hair- and skin-care firm Weave Senegal Ltd in an all-cash deal, it said in a stock market disclosure.

M&M sells 7.5% stake in Club Mahindra for $41 mn

March 10, 2017 | TEAM VCC

Mahindra & Mahindra Ltd (M&M) sold a tenth of its stake in Mahindra Holidays & Resorts India Ltd, the time-share hospitality firm behind the brand Club Mahindra, for Rs 274.3 crore ($41 million) on Friday.

JSW Cement buys ACC’s stake in Shiva Cement

March 10, 2017 | TEAM VCC

JSW Cement Ltd, part of the billionaire Sajjan Jindal-led JSW Group, has bought cement maker ACC Ltd’s entire stake in Shiva Cement Ltd for Rs 38.67 crore ($5.8 million).

Realty consultancy Coldwell acquires property portal Favista

March 10, 2017 | Disha Sharma

Real estate consultancy firm Coldwell Banker India Pvt Ltd has acquired property search site Favista.com in an all-stock deal, the company said in a statement.

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