Some notable highlights by Shriram Housing Finance’s MD

Shriram Housing finance (SHF) is a 85% subsidiary of Shriram City Union Finance (SCUF). SHF’s MD & CEO, Ravi Subramanian has informed the following – They are looking to grow both organically and inorganically Organically, the Company clocked a 54% year-on-year loan asset growth to Rs 6,546 crore at the end of September 2022 and … Read more

Reliance announces demerger and separate listing of financial services segment

Alongside Q2 FY 23 results, Reliance Industries Limited (RIL) has announced demerger and listing of a subsidiary, Reliance Strategic Investments Limited (RSIL) to focus on the financial services segment. RSIL is currently a wholly-owned subsidiary of RIL and is a RBI-registered non-Deposit taking Systemically Important (ND-SI) Non-Banking Financial Company (NBFC). RIL will demerge it’s financial … Read more

Dabur acquires Badshah Masala

Dabur India has announced acquisition of one of the oldest and very well established spice maker, Badshah Masala Private Limited. Key points to note – Badshah, established in 1958 has a strong brand recall across India. It was founded by Shri Jawaharlal J. Jhaveri and Indiraben Jhaveri and is currently managed by the second generation … Read more

V-Mart acquires Limeroad in distress sale. A worthy experiment.

Value merchandise retailer, V-Mart has announced acquisition of once fancied ecommerce start-up Limeroad on a slump sale basis. Total consideration is Rs 67 crore Rs 31 crore cash payout Rs 36 crore liabilities takeover Limeroad will operate as a separate business unit under V-Mart and will continue to be run by the existing key team … Read more

ML acquires Rivigo’s B2B express business in slump sale. Value deal.

Mahindra Logistics (ML) has announced acquiring Rivigo’s B2B express business, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 225 crores. Rivigo, founded in 2014, operates in two key business segments: Full Truck Load (FTL) and B2B express business. It’s main focus and USP is the relay trucking model … Read more

Torrent acquires a derma company. Speed jumps ranks in the category.

Torrent Pharmaceuticals (TP) has entered into definitive agreements to acquire 100% stake in Curatio Health Care (I) Private Limited (“Curatio”), a Chennai based dermatology company with a strong focus on cosmetic dermatology. Curatio was founded in 2005 and is backed by Sequoia, Anicut and ChrysCapital. It has a strong presence in the cosmetic dermatology segment … Read more

Tatas are rumoured to target stake in Bisleri

As per newspaper reports, Tata group has offered to acquire stake in Bisleri. There is no information on the quantum of stake that Tatas have offered to acquire currently. However, as per the said report, Tatas are very keen on this business and eventually they want to scale their stake up. Given that Bisleri is … Read more

JSW Energy acquires 1.75 GW Renewable Energy Assets

JSW Energy last year had demerged it’s green business into a separate wholly owned subsidiary JSW Energy Neo. The step was keeping in line with group’s increased focus on the renewables (like everyone else). JSW had announced aggressive expansion plans – From 4.8 GW of current capacity to 10 GW by 2025 Currently 2/3 rd … Read more