Marico acquires South African hair styling brand Isoplus
Mumbai-based consumer products and services company Marico Ltd has acquired leading South African hair styling brand Isoplus for about Rs 36 crore ($5.6 million) in a bid to complete its ethnic hair care portfolio in the country.The acquisition was made through the FMCG major’s wholly-owned step-down subsidiary, Marico South Africa ......
SoftBank pares down investment value in Snapdeal, Ola again
Japanese telecom and internet giant SoftBank Group Corp has once again marked down the value of its investments in its two flagship investments in India – cab-hailing app Ola and e-commerce marketplace Snapdeal, it disclosed on Monday.The firm reported a loss of ¥58.1 billion ($555 million) from its financial instruments ......
M&A of the month: Tokio Marine consolidates India presence with 49% stake in JV
For long, the Indian insurance industry had been demanding an increase in foreign direct investments in the sector, considered one of the least penetrated markets in the world. Finally, the 2015 decision of the government to raise the FDI limit to 49%, from the earlier 26%, witnessed a flurry of ......
KK Milk Fresh raises funds from offshore PE investor
North India-based dairy firm KK Milk Fresh India Ltd has raised its first institutional round of funding from a foreign investor, at least two people privy to the development told VCCircle.According to one of the persons mentioned above, the Kanpur-based firm has secured Rs 170-190 crore ($26.5-29.6 million) in a ......
Increasing adoption of technology reshaping the contours of India’s healthcare
Technology. This one word has the power to change lives, businesses, economies and even history as we know it! We can ......
HDFC Bank’s I-banking arm hires sector heads to strengthen equity coverage
The investment banking arm of HDFC Bank has hired senior executives to strengthen its equity offerings across sectors, besides building a strong pipeline in the capital markets, a top company executive told VCCircle.The firm has roped in Deepam Sanghi to head the consumer vertical, while Abhishek Bhagat will head the ......
Motilal Oswal Real Estate backs ATS’ Gurgaon project
Motilal Oswal Real Estate, the property investment arm of Motilal Oswal Private Equity Advisors Pvt. Ltd, has committed to invest Rs 120 crore in a residential project of north-based developer ATS Infrastructure, the investment firm said in a statement.While the firm has disbursed 60% of the committed capital this week, ......
Former Jayakar & Partners lawyers launch firm for commercial disputes
Three former lawyers from Jayakar & Partners, a Mumbai-based law firm, have come together to set up Vis Legis Law Practice or VLLP Advocates, the co-founders told VCCircle.Rahul Hingmire, Nihar Thackeray, and Harish Khedkar established their new legal entity earlier this month. Apart from the co-founders, the team currently comprises ......
Accel, Aarin put fresh funds in biotech startup led by former Biocon execs
Venture capital firms Accel Partners and Aarin Capital have invested fresh funds in a biotechnology firm led by the former executives of Biocon, two people familiar with the development told VCCircle.Bangalore-based Sayre Therapeutics which was founded in 2015, has raised another Rs 27.5 crore ($4.2 million) in follow-on funding from ......
Realty PE firm Rising Straits buys NBFC from DLF
Real estate-focused private equity firm Rising Straits Capital Investment Advisory Pvt. Ltd has set the ball rolling to set up a non-banking financial institution through the acquisition of a company from real estate major DLF Ltd, a top company executive told VCCircle.The PE firm had recently bought a shell company ......
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