Mahanagar Gas (MGL) is acquiring 100% of Unison Enviro Private Limited (UEPL). UEPL incorporated in December 2015, is a subsidiary of Ashoka Buildcon. The Company has been supported by Morgan Stanley India Infrastructure fund since pre revenue days. It has been granted authorization from Petroleum and Natural Gas Regulatory Board (PNGRB) to develop City Gas … Read more
Zomato Gold is a periodic subscription based membership, whereby the subscribing customers get significant discounts and free deliveries from the member restaurants. Initially, it was mainly available on offline eating. However, later Zomato extended it to deliveries and that’s when member restaurants put up a significant protest because of which the scheme was altogether stopped … Read more
As per the newspaper reports, Reliance Retail is planning to aggressively expand into offline pharmacy stores under it’s subsidiary brand Netmeds. Reliance had acquired a majority stake in online pharmacy start-up Nedmeds in August 2020. Along with online, Reliance is currently running offline pharmacies under shop in shop format within it’s retail store network; Reliance … Read more
360 One has completed acquisition of a controlling stake in Mumbai Angels. Mumbai Angels is one of the oldest and a leading player in the early investment space. Financial details of the transaction have not been disclosed. Reason for the subject transaction is obviously the synergy between Mumbai Angel’s network, wide experience in the investment … Read more
Sona BLW Precision Forgings Ltd. (Sona Comstar) has signed an agreement to acquire 54% equity stake in NOVELIC, a Serbian Company founded in 2012. NOVELIC is primarily into providing sensor based solutions for smart vehicles. Sona’s immediate objective is to use it’s own existing client relationships to ramp up NOVELIC’s ADAS (Advanced Driver Assistance Systems) … Read more
Eicher is taking a strategic stake in Stark Future SL, investing € 50 mn (apprx Rs 450 cr) in lieu of a 10.35% equity stake. Stark is a European electric motorcycle manufacturer, incorporated in Barcelona Spain, in July 2020 with specific focus in the area of performance electric motorcycles. It has recently launched the motocross … Read more
Reliance Retail Ventures Limited (RRVL) is acquiring 100% of METRO India. METRO India started operations in India in 2003 as the first company to introduce cash-and-carry business format in the country. It currently operates 31 large format stores across 21 cities with about 3,500 employees. The business claims to have over 3 mn B2B customers … Read more
V-Guard Industries is acquiring 100% shareholding of Sunflame Enterprises Private Limited (SEPL). SEPL through its brands ‘Sunflame’ and ‘Superflame’, is one of the leading players in the kitchen appliances space in India. The Company offers a wide product portfolio including cooktops, chimneys, pressure cooker, mixer grinder and small kitchen appliances. Consideration value for 100% stake … Read more
The proposed launch by Dabur will be under the “Fem” brand. Initially it will be only available on Flipkart. Later it will be rolled out to other channels. This strategy seems somewhat counter intuitive given Dabur’s otherwise existing strong offline distribution network. Sanitary Napkin segment in India is witnessing increasing interest that is dominated by … Read more