acquisition deal
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Franchise India Bureau Jul 02 2018 - 1 min readVedanta Resources Plc said on Monday chairman Anil Agarwal’s family trust has agreed to buy the rest of Vedanta in a deal that values the mining conglomerate at 2.3 billion pounds ($3.03 billion). An independent committee, formed to review and evaluate the proposal, has indicated to Volcan Investments that it supports the offer and intends ...
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Franchise India Bureau Jun 29 2018 - 2 min readFor a second time, India’s second-largest hospital chain, Fortis Healthcare Ltd has extended the deadline to submit bids for a takeover deal, as it continues to go through the uncertainty of acquisition battle. “The date for submission of the binding bids… stands revised to Tuesday, July 3,” Fortis said in a ...
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Franchise India Bureau Jun 02 2018 - 2 min readAmerican white goods maker Whirlpool has announced to acquire 49% in kitchen hood and cooking equipment maker Elica PB India for Rs 180 crore in an all-cash deal, as per a notice sent to stock exchanges. According to Whirlpool the investment is in line with its strategic priority to expand the ...
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Franchise India Bureau Jun 02 2018 - 4 min readPrivate equity major Warburg Pincus has agreed to acquire a 26% stake in IndiaFirst Life Insurance Co. Ltd from Legal & General Group Plc, helping the British financial services firm exit its almost nine-year-old investment. According to a press statement, Warburg will pay Rs 710.54 crore (£79 million or $105 million) ...
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Franchise India Bureau May 19 2018 - 1 min readSolapur-based auto component manufacturer Precision Camshafts Ltd has confirmed to acquire a 51% stake in Dutch electric driveline maker Emoss Mobile Systems BV for 7.36 million euros (Rs 58 crore or $8.65 million) in cash. Precision will buy the stake through Dutch unit PCL (International) Holding BV, the company informed the ...