Financial, strategic investors feel a significant value erosion takes place if people fit isn’t right
An application for the certificate of registration has now been submitted to the central bank. The new venture is expected to hit the market by January
ATG was founded in 2000 and has delivery centres in Kansas, Missouri, Ohio and Montana and counts IBM, Subaru and CenturyLink as clients.
Prataap Snacks that sells chips under the brand name of “Yellow Diamond” was founded in 2009 in Indore.
The funds will be used to expand the eyecare chain run by publicly traded unit Dr Agarwal’s Eye Hospital Ltd into new geographies.
Known for its deals in the distressed debt space, Avenue Capital will pump in about Rs 1,000 crore to acquire the stake, said one of the persons cited above.
Overall, Indian M&A activity — including outbound deals — stood at $68 billion in the first half, surging past $65 billion in entire 2017 and looking to eclipse $92 billion reported in 2010.
Bajaj Electricals has proposed to acquire the entire shareholding of Nirlep for Rs 42.50 crore.
Gullu Sen and Rajesh Aggarwal, managing partners of FHO will continue to manage Daiko FHO in the same role.
Leidos Cyber, which has 10 years of experience in the commercial cybersecurity business, employs a team of nearly 500 elite cybersecurity professionals.
Unilever PLC and Unilever NV are the two ultimate holding parent companies of the Unilever Group, which is one of the world's leading consumer goods firms.
Euronext-listed Teleperformance is set to face competition from PE group Baring Asia and US IT services company Convergys who joined the fray late.
Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary Internet of Things (IoT) stack, which includes hardware, cloud-based software and big-data analytics.
The shares have been purchased from Kamil Holdings, owned by Brunei Investment Agency, which is the largest shareholder in Jordan Phosphate Mines Company (JPMC).
According to the scheme, the shareholders of Century would get one equity share of UltraTech, having a face value of Rs 10/- each for every eight equity shares of Century of face value Rs 10 each.
Investments by private equity and venture capital funds had stood at $1.9 billion in the year-ago period, the report by consultancy firm EY said.
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