Mergers and Acquitions

Mergers And Acquitions

Reliance Industries to acquire majority stake in VC-backed Embibe

Franchise India Bureau Apr 13 2018 - 2 min read

The country’s biggest private sector company Reliance Industries Ltd (RIL) will invest $180 million (Rs 1,175 crore) in ed-tech startup Embibe, as the private sector giant bets on digital businesses after quickly ramping up its data-led telecom unit. The energy-to-retail conglomerate plans to acquire a 72.69% stake in Bengaluru-based Embibe from ...

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Mergers And Acquitions

HDFC Eyes To Acquire JV Apollo Munich Health

Franchise India Bureau Apr 09 2018 - 1 min read

Mortgage lender and personal banker Housing Development Finance Corporation Ltd is planning to buy Apollo Munich Health Insurance Company Ltd for around Rs 1,000 crore, a financial daily reported. According to the reports, HDFC is the preferred bidder and close to acquiring Apollo Munich Health, given that Munich Re already has ...

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Mergers And Acquitions

IT Firm Datamatics acquires 75% stake in RJ Globus Solutions

Franchise India Bureau Apr 06 2018 - 1 min read

Mumbai-based IT company Datamatics Global Services Ltd has acquired a 75% stake in Manila-based BPO firm RJ Globus Solutions Inc. for all in cash deal of $1.6 million (Rs 10.4 crore), the stock-exchange filing stated. According to the filing, the remaining 25% stake will be acquired over the next two years, ...

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Mergers And Acquitions

ChrysCap To Acquire 10% Stake In Mankind For $350 Mn

Franchise India Bureau Apr 02 2018 - 2 min read

In the largest private equity deal in Indian healthcare industry till date, Mankind Pharma has agreed to sell 10% stake to ChrysCapital and its global sponsors for about $350 million, or Rs 2,280 crore. ChrysCapital, arguably the most successful investor in Indian pharma, swooped down late to snatch the deal away ...

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