Mergers and Acquitions
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Franchise India Bureau Apr 24 2018 - 1 min readWith the competition for Fortis takeover getting higher, Malaysia’s IHH Healthcare Bhd has revised its proposal for India’s Fortis Healthcare Ltd, making a binding proposal for about a fifth of its offer value, as the battle for the takeover of Fortis escalates. The revised offer includes a binding proposal for an ...
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Franchise India Bureau Apr 23 2018 - 2 min readWalmart’s deal to buy a more than 51 percent stake in Indian online marketplace Flipkart could be sealed as early as next week, two sources familiar with the matter said. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as ...
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Franchise India Bureau Apr 20 2018 - 1 min readAce dealmaker Ashok Wadhwa, group CEO at Ambit Holdings, will acquire Qatari investment firm QInvest LLC’s 26% stake in the financial services group, according to a media report. Wadhwa said that he would, alone or along with other Ambit employees, buy the stake “anytime soon”. Wadhwa didn’t disclose the timing or ...
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Franchise India Bureau Apr 20 2018 - 2 min readThe KKR backed hospital chain, Radiant Life Care Pvt. Ltd. has joined the takeover battle for Fortis Healthcare Ltd after submitting a non-binding offer. Radiant plans to demerge Fortis’ hospital business and buy a 26% stake in the new entity, Fortis said in a stock-exchange filing. The demerger will exclude Fortis’ ...
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Franchise India Bureau Apr 20 2018 - 2 min readVirtuous Retail South Asia Pte. Ltd, a joint venture between alternative investments firm The Xander Group Inc. and Dutch pension fund APG, has acquired a majority stake in privately held North Delhi Metro Mall Pvt. Ltd (NDML), according to a media report. The company will invest a total of Rs 800 ...