Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more
Amara Raja Advanced Cell Technologies Private Limited (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (AREM), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group. ARACT will collaborate with Piaggio India to develop and supply LFP (Lithium … Read more
Godrej Consumer (GCPL) has announced that it will enter the pet care business in the country through Godrej Pet Care (GPCL), a subsidiary of the company. GCPL will invest Rs 500 crore in this business over a period of five years Godrej Agrovet (GAL) will be the manufacturing and R&D partner Manufacturing is expected to … Read more
Mankind Pharma (MPL) is acquiring 100% of Bharat Serums (BSV) from the private equity major, Advent. BSV has a niche portfolio offering in Women’s Health, encompassing the entire lifecycle – from fertility to post-pregnancy. Deal is agreed at an Enterprise Valuation (EV) of Rs 13,630 cr translating to 28x of FY24 EBITDA. For comparison MPL’s … Read more
The Company has entered into a definitive agreement with British Consumer Healthcare player Haleon plc and its associate companies (Haleon) to acquire their consumer healthcare brands in the Nicotine Replacement Therapy (NRT) category, outside the United States. The acquisition has been done through Dr. Reddy’s Laboratories SA, Switzerland, a wholly owned subsidiary of the Company. … Read more
Amara Raja has signed the technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High-Tech Co. Gotion Hi-tech has a global EV battery market share of 2.2% and is backed by VW. It’s key customers include Geely, Chery, BAIC, Leap Motors, Chana, and VinFast. As a part of the agreement, GIB will … Read more
Kewal Kiran Clothing (KKCL) has acquired 50% stake in Kraus Casuals Private Limited (KCPL). KCPL operates the brand ‘KRAUS jeans’. It is in the business of manufacturing, selling, designing and exporting women’s clothing primarily in women, teen and kids casual and denim bottom and top wear. The brand has a presence in 1,000+ large format … Read more
Reliance Retail has partnered with ASOS to build it’s online and offline presence in India. Founded in 2000 by Nicholas Jon Robertson and Quentin John Griffiths, ASOS is headquartered in London. In 2022, it acquired British fashion retailers Topshop and Miss Selfridge. Partnership with Reliance is via a long-term exclusive licensing agreement. Reliance will introduce … Read more
The JV will focus on both Companies’ complementary nutraceuticals portfolios in categories such as metabolic, hospital nutrition, general wellness, women’s health and child nutrition for consumers across India. The JV will aim to extend the reach of Nestle‘s science-backed nutritional solutions to a broader customer base across the country by leveraging Dr. Reddy’s extensive retail … Read more