As per the news reports, Alkem is now exploring a potential buyout of J B Chemicals & Pharmaceuticals (JB). Torrent that was the speculated front runner for JB has paused talks due to the valuation differences. EQT, a Swedish investment major has also been said to give the acquisition a pass due to the valuation … Read more
In continuation of it’s strategy to grow organically, Medi Assist’s TPA subsidiary (MATPL) has signed a definitive agreement to acquire Paramount Health Services & Insurance TPA (Paramount). Paramount is the 4th largest TPA by total revenues and 2nd largest TPA in Group segment by Premiums in India. The Company in FY24, had a market share … Read more
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
Consolidation in the Indian cement industry continues. UltraTech (UCL) has announced further stake acquisition in India Cements (ICL). Last month it had acquired 23% stake in ICL from investor Radhakishan Damani for Rs 1885 cr @ an average price of Rs 277/ share Now it is acquiring further 32.7% stake from the promoters of ICL … 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
Adani Group looks to dethrone UltraTech Cement: The Adani Group is actively considering the acquisition of multiple cement companies, including Penna Cement, Saurashtra Cement, the cement business of Jaiprakash Associates, and Vadraj Cement owned by ABG Shipyard. This move aligns with the expected surge in demand for cement due to the government’s infrastructure development plans … Read more
1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more
Eris is acquiring Dermatology and Nephrology branded formulations business units of Biocon Biologics (BBL), a subsidiary of Biocon Limited. The transaction is a Slump Sale Revenues of the acquired businesses for FY 2022-23 was Rs. 90 Cr and Net Worth was Rs. 25 Cr as at March 31, 2023 Transaction value is Rs 366 cr, … Read more
AU Small Finance Bank (AU) is acquiring Fincare Small Finance Bank (Fincare) in a 100% share swap transaction. Fincare is a rural microfinance focused business with 15+ years of experience Microfinance is 53.9% of advances, followed by 18.9% Small Business Loans, 14.2% Home Loans, 10.2% Gold Loans and 2.6% others It’s majorly focused on South … Read more