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METRO BUYOUT
Nykaa eyes Deepika Padukone's 82°E; Wipro seals $1B dealNykaa is in talks with Deepika Padukone’s premium skincare brand 82°E to buy a majority stake. This and more in today's ETtech Top 5.- Microchip picks up office space in Bengaluru for ₹176 croreMicrochip Technology, through its Indian arm, has acquired 1.72 lakh sq ft of office space in Whitefield, Bengaluru, for ₹176 crore. The pu...
- Maharashtra govt set to clear Reliance Infrastructure arm's Rs 1,700 cr metro debtThe Eknath Shinde government appears to have abandoned its plans to acquire Metro 1. Instead, the state cabinet has directed the MMRDA's ex...
- Fundamental Radar: 4 factors to drive strong earnings CAGR for Metro BrandsMetro Brands has created a pure retailing model in footwear with 766 stores across segments, price points and geographies with brands like ...
- Reliance said to be sole bidder for Metro’s India businessCharoen Pokphand Group Co. is no longer actively in talks with Metro, leaving only Ambani’s Reliance to pursue the so-called cash-and-carry...
- Reliance, PremjiInvest, CP Group, Swiggy look to bid for Metro India unitThe Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, ...
- After 19 years, Metro plans to cash out of India business for $1.5-1.75 billionMetro has been operating its nationwide chain of 31 cash-and-carry stores since 2003 but intense competition and large investments to susta...
- Covid-19 impact: 8-10% auto dealers face closureThere are currently about 15,000 auto dealerships (includes 2,3 and 4 wheelers) across India. It is expected that there will be closures of...
- Gurgaon Expressway buyout in the works: Bhupinder Singh HoodaThe Haryana government is working out details of its ambitious plan to buy out the Delhi-Gurgaon Expressway from private concessionaire.
- Metro Hospitals and Heart Institute in talks with Carlyle to divest stakeThe healthcare chain are in talks to divest a significant stake in five of its hospitals to fund its expansion plans.
- BPO is moving from back office to front office: Intelenet Global ServicesBesieged by private equity investor Blackstone and a business gap in India's largest domestic BPO Intelenet Global Services, the company’s ...
- Pricol Travel to invest Rs 300 crore in expansionIt has another joint venture with the group's property arm Pricol Properties to construct nine luxury villas in various non-metro locations...
- VA Tech Wabag to implement Rs 1,033 cr de-salination projectGlobal water treatment and management company VA Tech Wabag has been awarded the contract for execution of the country's largest sea water ...
- Fortis acquires 10 hospitals from Wockhardt for Rs 909 croreIn the largest buyout deal in the healthcare sector, hospital chain Fortis today announced the acquisition of 10 hospitals from Wockhardt f...
- TPG to invest Rs 530 cr in Shriram's finance armTPG Capital, leading global private equity, will invest Rs 530 crore in Shriram City Union Finance, the consumer finance vertical of the Ch...
- Jet to cut routes from JulyThe airline will reduce not only services in the metros but also routes connecting tier II cities. It will reduce capacity by 5%-equivalent...
- BPOs eye tier II cities to cut costsThe surge in real estate prices & talent crunch in metros compelling $11 billion Indian BPO industry to now move to tier II cities in the c...
- Shopper's Stop is not for sale says company's MD, BS Nageshndia's retail extravaganza may be in for a shakeout. The country's pioneer retail chain Shopper's Stop, promoted by the Mumbai-based K Rahe...
- De Beers eyes 51% in Rajesh ExportsA US-based buyout fund and diamond industry giant De Beers are learnt to have evinced interest in jewellery maker and retailer Rajesh Expor...
- Retail giants spot big scope in small-town mall projectsReal estate majors Unitech, Parsvnath and Omaxe are scouting for greenfield mall projects in smaller towns and cities for a faster roll out...
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