Sector: All Sectors
Sanofi Consumer public shareholders get open offer
As on date, Opella Healthcare owns controlling stake of 60.37% in Sanofi Consumer Healthcare India (SCHIL). On October 21, 2024, Sanofi and Clayton, Dubilier & Rice, LLC (CD&R, the manager of the Clayton Dubilier & Rice private equity funds) have announced that they have entered into exclusive negotiations whereby CD&R Group has agreed to acquire … Read more
As silver prices surge, these five major US banks at risk of massive losses, potentially in the billions
Silver prices are somehow becoming a catalyst in giving US banks a massive scare of losses, that can mount to billions in terms of figures. The price surge, driven by a $1.84 per ounce jump, has put a few short positions in a major point of concern. Sources close to the matter estimate that the … Read more
HDFC Bank announces HDB IPO
HDFC Bank currently owns 94.6% in HDB Financial Services. The bank has announced a Rs 12,500 cr IPO of HDB. HDB incorporated in 2007, is a non-banking financial company (NBFC) that provides lending and business process outsourcing (BPO) services to individuals and businesses The lending involves both secured and unsecured loans and the BPO services … Read more
Borosil Group aims for doubling FY25 revenues in 4 yrs
Borosil Group has three listed entities – Borosil Renewables (BRL) – solar glass Borosil (BL) – consumer glassware Borosil Scientific (BSL) – scientific and laboratory glassware In FY 24, BRL reported Rs 1,386 cr of revenues, BL Rs 928 cr and BSL Rs 390 Cr – totalling Rs 2,700 cr revenues for the group. Promoter … Read more
Canadian Pension Funds continue investing in India amid diplomatic tensions
Despite rising diplomatic tensions between India and Canada, Canadian pension funds have so far remained committed to investing in India. The primary sectors attracting Canadian pension funds include infrastructure, renewable energy, technology, and financial services. According to the National Investment Promotion & Facilitation Agency (Invest India), Canada ranks as the 18th-largest foreign investor in India, … Read more
Good Glamm Group acquires Sirona Hygiene for Rs 450 cr in all-cash deal
Beauty and personal care conglomerate Good Glamm Group has completed the acquisition of Sirona Hygiene for Rs 450 crore (approximately $60 million) in an all-cash deal, marking one of the largest cash exits for a direct-to-consumer (D2C) startup in India, especially in the FemTech space. Co-founders Deep Bajaj and Mohit Bajaj had stepped down from … Read more