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
UK regulators have approved Microsoft’s revised bid for the acquisition of Activision Blizzard, after initially blocking the deal. The revised agreement will see Microsoft cede distribution rights for Activision’s games to Ubisoft, while still retaining control over popular titles like ‘Call of Duty’. After two-year-long effort to secure the gaming industry’s most substantial takeover, the … Read more
Saregama India (SIL) has announced acquiring 92.61% of M/s. Pocket Aces Pictures Private Limited (PAPPL). PAPPL, incorporated in December 2013, is a digital entertainment company that primarily creates short-form video content aimed at young Indians, with over 30 new items added every day. It claims an IP catalog of 3000+ content pieces ranging across web … Read more
1. 94.66% acquisition of established competitor mattress company ‘Kurlon‘ Cash consideration of Rs 2,035 cr implying a valuation of Rs 2,150 cr Transaction to be completed by November 30, 2023 Kurlon’s revenues: FY 2019-20: Rs 995.56 cr FY 2020-21: Rs 767.25 cr FY 2021-22: Rs 808.80 cr FY 2022-23: awaited EBITDA margins have declined from … Read more
Cartrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity that houses OLX India’s automotive business. It’s an all cash deal Cartrade is paying Rs 537.43 crore for the transaction Olx Auto financials Revenues: FY 22 – Rs 1,110 cr FY 21 – Rs 592 cr FY 20 – … Read more
It’s an interesting transaction structure – 1st stage – ABFRL will acquire 51% of TCNS at Rs 503/ share for a total cash consideration of Rs 1,650 crore; implying a valuation of Rs 3,235 cr. This is similar to TCNS’s current market price. 20.19% to 29% through open offer. Open offer is to comply with … Read more
SJS is acquiring 90.1% stake in Walter Pack Automotive Products India Private Limited (WPI). WPI is a 85% subsidiary of Walter Pack Spain(WPS) . Remaining 15.0% is held by the Indian promoter and founder, Mr. Roy Mathew. SJS is acquiring the full 85% of WPS and 5.1% from Mr Mathew. Mr Mathew will continue to … Read more