In a surprise announcement, the two major cinema brands in India have decided to merge together. (It’s important to note here that until recently, it was rumoured that PVR and and Inox are in talks with the Mexican company Cinepolis for a possible merger.) Key points on the PVR-Inox merger It’s a share swap merger … Read more
The company has acquired the prickly heat talc brand from Reckitt. Key points to note – Consideration is Rs 432 crore to be funded entirely from the internal accruals. Emami had cash equivalents of Rs 406 crore as on September 30, 2021 and generated operating cash of Rs 922 crore in FY 21. Funding of … Read more
After Zivame and Amante, Reliance Retail Ventures Limited (RRVL) has now announced acquiring Clovia, another direct to consumer (D2C) women lingerie brand. Key points to note – Founded in 2012, Clovia has previously raised a total of $22 mn from various investors. Last round was in December 2020, when it had raised Rs 14.3 crore … Read more
After investing $100 mn (Rs 750 cr) for a minority stake in Blinkit (Grofers) last year, Zomato now approves a further investment upto $150 mn (approx Rs 1,150 cr) into the Company. Key points to note: The subject investment is in the nature of loan to be disbursed in one or more tranches. Rate of … Read more
Recently in December 2021, Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries had acquired 100% of Faradion Limited (FL), a British battery maker specialising in sodium-ion technology. Now, RNEL is acquiring 100% of Lithium Werks BV (“LWB”), a Dutch Company focused on cobalt free and high performance Lithium Iron Phosphate … Read more
United Spirits Limited (USL) is investing into Nao Spirits & Beverages Limited. Key points to note – USL is investing Rs 31.50 crore for a 22.5% stake on fully diluted basis Rs 20 crore primary for 14.29% stake: fresh CCPS + equity shares Rs 11.50 crore secondary for 8.21% stake – acquisition of equity shares … Read more
Info Edge has invested Rs 91 crore into Aisle Network Private Limited. Key points to note – Aisle, founded in January 2014 is engaged in the business of running multiple dating platforms – Aisle, Anbe, Arike and HeyDil. Info Edge is investing the said amount into Equity shares (primary and secondary) and Compulsorily Convertible Preference … Read more
Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
Mahindra Logistics (ML) has announced strategic investment into Zipzap Logistics Pvt Ltd. Key points to note – Founded in 2018 and headquartered in Hyderabad, ZipZap is a tech enabled last-mile delivery logistics company operating under the brand name Whizzard. Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more