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Franchise India Bureau May 01 2018 - 2 min readThe Indian government has added days to the last date of reception of initial bids for its stake in state-run carrier Air India to May 31 from May 14, notified the Ministry of Civil Aviation in a post. India will announce the qualified bidders for the beleaguered airline on June 15, ...
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Franchise India Bureau Apr 26 2018 - 1 min readRenuka Ramnath, founder of private equity firm Multiples Alternate Asset Management, has resigned from the advisory committee constituted for the evaluation binding bids for its sale by the board of Fortis Healthcare Ltd. An advisory panel set up by the Fortis board was scheduled to meet on Wednesday to evaluate multiple ...
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Franchise India Bureau Sep 29 2017 - 1 min readEuropean private equity firm, Investindustrial has invited the investment vehicle of Alibaba’s founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L’Oreal’s The Body Shop, sources revealed.Hong Kong-based Blue Pool Capital has been asked to team up with Investindustrial and Brazil’s GP Investments, ...