Mahanagar Gas goes for inorganic route

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 brings back Gold. Tussle with restaurants restarts.

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

Reliance to open dedicated pharmacy stores

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 acquires controlling stake in Mumbai Angels

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 takes a significant stake in a ADAS start-up

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

V-Guard acquires Sunflame. Attractive pricing.

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

Dabur planning to enter into the Sanitary Napkin segment

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