The Board of Hindustan Foods Limited (HFL), has approved an investment of Rs. 30 Cr for the acquisition of a business engaged in manufacturing of ice cream cones and sleeves. Target has capacity of 1 million cones per day. It’s current customers include India’s largest multinational ice cream company. Acquisition aligns with HFL’s strategy of … Read more
Tata Motors (TML) has offered to acquire 100% of Iveco Group N.V. Iveco officially came into existence on January 1, 2022, after splitting from CNH Industrial. Although it is incorporated as a Dutch company with its legal seat in Amsterdam, its core operations are based in Turin, Italy, where its headquarters are situated. Iveco Group’s … Read more
Founded in 1907 and headquartered in Dubai, Damas is among the oldest and most prominent Jewellery retailers in the Middle East, with a store network of 146 outlets across the GCC. Titan is acquiring 67% of Damas from Mannai Corporation QPSC, Qatar (Mannai) at an Enterprise Value of AED 1038 mn (approx $280 mn). The … Read more
Sirca has announced acquisition of the entire business under the brand name “Wembley” from Wembley Paints & Chemicals and Indo Wembley Paints Private Limited. It’s not acquisition of an entity but only the brand, it’s clients and identified employees. No manufacturing facility acquisition is involved. Consideration for acquisition is Rs 8.15 cr. With this acquisition, … Read more
In a significant announcement, Anand Group has announced consolidating it’s varied auto ancillary businesses under it’s listed subsidiary Gabriel India (GIL). GIL consequently will transform from a single product Company (suspension parts and shock absorbers) to a multi-product Company (brake fluid, radiator coolants, diesel exhaust fluid (DEF) / Ad-blue for 2W, 3W, 4W and truck … Read more
Alkem was speculated to be the front runner to acquire JB Chem & Pharmaceuticals (JB) from KKR. Torrent had previously dropped out due to the valuation differences. However, finally it’s Torrent who acquires JB. Torrent will acquire 46.39% stake from promoters Tau Investment Holdings Pte Ltd (a unit of KKR) for Rs 11,917 crore; a … Read more
Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC) is rumored to be back on the table for acquiring a significant stake in Yes bank (YB). (Deal talks with Mitsubishi UFJ Financial Group (MUFG), another Japanese player, and SMBC did not fructify last year, as both financial majors were seeking dispensation on the voting right limits) … Read more
Mahindra & Mahindra (M&M) informed that it’s board has approved acquiring a significant stake in SML Isuzu. M&M is acquiring 59% from the promoter group entire 43.96% of Sumitomo Corporation; and entire 15% of Isuzu Motors Quite surprising the above 59% stake is being acquired @ Rs 650/ share totalling Rs 555 cr. This price … Read more
Devyani has acquired 80.72% stake in Sky Gate Hospitality (SGH). Founded in 2015, SGH is the owner of popular brands including Biryani by Kilo, Goila Butter Chicken and The Bhojan Its two other brands – Get-A-Way and Krazy Kebab Co – will get disinvested over the next nine months. SGH operates 100 outlets in 40 … Read more