Private equity
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Franchise India Bureau Jun 04 2018 - 3 min readPrivate equity firm, WestBridge Capital led investor's group which includes ace stock market investor Rakesh Jhunjhunwala, has emerged as the frontrunner to acquire India’s largest independent health insurance company Star Health and Allied Insurance valued at just under $1 billion, people directly aware of the matter said. The WestBridge consortium’s all-cash ...
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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 29 2018 - 2 min readIndia’s biggest mobile-phone operator owner Sunil Mittal has announced to inject more than $1 billion into a hotel chain founded by his son-in-law in London, people with knowledge of the matter said. The money from Bharti Group Chairman Sunil Mittal would fund acquisitions by Sharan Pasricha’s Ennismore, a developer that owns ...
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Franchise India Bureau May 26 2018 - 2 min readEd-tech startup Smartivity Labs Pvt. Ltd, which designs toys and learning projects for kids, has raised $2 million (Rs 13 crore) in fresh funding led by an individual investor, a company statement said. Ashish Kacholia, a stock market investor and director of research at Mumbai-based broking firm Lucky Securities, invested $1.7 ...
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Franchise India Bureau May 23 2018 - 3 min readA group of big names including France’s Danone, Hindustan Unilever and Nestle are vying with US private equity giant KKR & Co to acquire GlaxoSmithKline plc’s 72 per cent stake in its Indian consumer products division, GSK Consumer Healthcare, in a massive $4-billion deal, the biggest in the Indian consumer industry.