McDonald’s said on Monday it would acquire investment firm Carlyle’s 28 per cent stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its structure in the region. The deal will help McDonald’s raise its holdings to 48 per cent, while a consortium […]
The Competition Commission of India (CCI) has given its approval for the acquisition of a 1.74 per cent ownership stake in Lenskart Solutions by Kedaara Capital Fund III LLP. Lenskart Solutions specialises in eyewear products, while Kedaara Capital Fund is a registered Alternative Investment Fund (AIF) under SEBI and is part of the Kedaara Group. […]
Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
Intercity food delivery startup, JustMyRoots, has successfully acquired The State Plate (TSP), a company specializing in non-perishable packaged food. This strategic move is part of JustMyRoots’ expansion plans to establish a strong presence in the intercity packaged food market throughout the country. TSP gained recognition through its appearance on Shark Tank India Season 1 and […]
The state-owned Oil and Natural Gas Corporation (ONGC) has unveiled a significant financial restructuring plan for its subsidiary, ONGC Petro-additions Ltd (OPaL), involving an infusion of approximately Rs 15,000 crore. The move is poised to reshape the ownership structure, resulting in gas utility GAIL (India) Ltd being edged out of the petrochemical firm. Presently, ONGC […]
Gulf Oil Lubricants India Limited (GOLIL) on Monday said it will acquire a controlling 51 per cent stake in Tirex Transmission Private Limited (Tirex), a manufacturer of DC fast chargers for EVs. The decision was officially approved during the Board of Directors’ meeting held on 27 August 2023. Tirex, a private company based in Ahmedabad, […]
Titan Company on Saturday has said that it will pay a total of Rs 4,621 crore for a further 27.1 per cent share in CaratLane. After the transaction is complete, Titan will own 98.28 per cent of the shares in CaratLane, a private firm that produces and sells jewellery. Titan made its initial investment in […]
Adani Ports and Special Economic Zone, an Adani group firm, on Tuesday, reported a consolidated net profit of Rs 2,114.72 crore for the quarter that ended June 2023, which is 83 per cent higher compared with Rs 1,158.28 crore in the same quarter last year. Revenue from operations rose 23.51 per cent year-on-year (YoY) to […]
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi and […]
Multinational retail giant Walmart has recently completed a significant financial transaction, purchasing hedge fund Tiger Global’s investment in the renowned Indian e-commerce firm, Flipkart, for a staggering USD 1.4 billion. This acquisition, reported by The Wall Street Journal based on information from Tiger Global’s letter to investors, places a valuation of USD 35 billion on […]
