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Zydus Cadila has acquired 100% stake in Mumbai-based Biochem Pharmaceutical Industries, one of the top 40 pharma companies in India, reports Express Pharma. The acquisition strengthens Zydus’ operations in the Indian pharma market. Speaking on the latest acquisition, Mayank Shah, Joint Managing Director, Biochem Pharmaceutical Industries said, “Now, Zydus will be able to take Biochem to greater heights given their strength. Biochem has a good fit with Zydus as the products complement each other and add value to their product […]
Private equity investors and promoters of Coastal Projects are in talks with German construction major Hochtief AG to sell a majority stake, in a deal that will value the Hyderabad-based infrastructure company at over $500 million (Rs2,649 crore), The Times of India (TOI) today reported, citing three separate sources familiar with the process. Baring Asia, Sequoia Capital, Fidelity Investment Management and Deutsche Bank had acquired a combined 32 per cent stake in Coastal Projects for about $410 million. The promoters […]
The Mukesh Ambani-led Reliance Industries (RIL), which has built a presence in the US in non-conventional energy by acquiring shale gas assets, is planning to enter the conventional hydrocarbon space. According to a Bloomberg report, RIL is in talks to buy the exploration and production (E&P) of US pipeline company El Paso Corp. Private equity firm Apollo Global Management is among other companies in talks for the unit, which is estimated to be worth $8.1 billion by analysts at BNP […]
Private equity investors, ICICI Venture and Sequoia Capital along with Oman Insurance have infused Rs 50 crore into Chennai-based Star Health Insurance. Speaking to reporters after introducing Single Protection policy for the entire family Star Health’s Chairman and Managing Director V Jagannathan said that the company was planning to raise around Rs 170 crore, during this financial year, of which Rs 50 crore was raised from the existing investors till December 2011.
A senior official from the company added, […]
Raymond has announced that the company`s auto components ubsidiary, Ring Plus Aqua (RPAL) has agreed to acquire a majority equity stake in Trinity India (TIL), Pune, Maharashtra. The company is engaged in the manufacturing and marketing of Forged Auto Components with presence in the domestic, and international markets. Accordingly, RPAL has entered into a definitive share purchase agreement with TIL and its promoters for this purpose. Source: My Iris
Real estate developer BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for Rs 180 crore. The developer has its corporate office in the same building. Merrill Lynch had invested Rs 100 crore in the project in 2007 at the peak of the real estate cycle in India. Now, Merrill Lynch’s Asian real estate assets, including those in India, are managed by Blackstone. BPTP recently raised Rs 270 crore through lease rent discounting of […]
Reliance Industries and Network 18 group on Tuesday joined hands for a multi-layered deal, under which the Mukesh Ambani-led corporate giant would sell a part of its interest in Eenadu TV channels and would also fund promoters of the media group.
RIL did not specify the exact financial details of various transactions. Network 18 group company TV18 in a separate statement said its board has approved an outlay of up to Rs 2,100 crore (Rs 21 billion) for the […]
Red Fort Capital, an India-focussed real estate private equity firm, is set to raise $500 million fund that will invest in commercial and residential assets in Asia’s third-largest economy, two sources with knowledge of the matter told Reuters. The company is in the final stages of fund raising, at a time when global fund raising markets are besieged by economic growth concerns, and will formally announce a “closure soon”, said the sources, who declined to be named as they were […]
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