Edelweiss Financial Services (EFSL) is divesting majority of it’s stake in the Home Finance Business. The subject business is currently under Nido Home Finance Limited (Nido), a wholly-owned subsidiary of EFSL. EFSL is divesting 73% stake of this entity through a mix of primary and secondary to Carlyle group and Aditya Puri Family investment vehicle. … Read more
The proposed reorganization separates ownership from management. Lemon Tree (LTHL), to become a pure-play asset-light company focused on hotel management, brand & loyalty, distribution and digital services; and Fleur Hotels (FHL), a hotel ownership / leasing platform To achieve the separation, all hotel properties of the group will be transferred to FHL, currently a subsidiary … Read more
Early last year, Tatas claiming Starbucks a success in India targeted to open 1000 stores by 2028 (390 then). As per the Nov 2025 PPT, Starbucks currently has 492 stores in India. So about 100 stores in 2 years since the announcement. If target is to be met, 500 stores to be opened in the … Read more
As per newspapers reports, Bajaj Electricals (BEL) is reviewing the Nirlep business to decide the future course. The 56-year-old brand was acquired by BEL in 2018 for about Rs 80 cr. The business was merged with BEL in March 2024. Reason for review is poor performance given steep competition from the well established brands. Review … 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
Prestige Estates Projects (PEPL), one of India’s top five real estate developers, is looking to offer more entertainment and dining spaces in malls while cutting back on apparel retailers. 40% of mall space is targeted towards entertainment and restaurants vs 15-20% currently. Company operates four malls at present. By 2030, it plans to grow to … Read more
VIL’s efforts to revive continue. After recent conversion of equity by Govt, the Company has now petitioned the Supreme Court (SC). Petition is to waive more than Rs 45,000 cr of AGR dues, primarily related to interest and penalties. In addition to the principal amount of Rs 12,797 crore in AGR dues, VIL is liable … Read more
This is further to the ongoing consolidation/ restructuring at Akzo Global. The Indian entity has been in the market to sell its decorative paints business. Now, it’s selling the power coatings business and the R&D centre to the Netherlands-based parent entity. Akzo Nobel N.V. (the parent) will be paying Rs 2,073 crore and Rs 70 … Read more
C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more