ChrysCapital to acquire 90% stake in Theobroma for Rs 2,410 crore; ICICI venture exits after 7 years: Report

(Image credit: TheoBroma website) ChrysCapital, a domestic private equity firm, has reached an agreement to purchase Theobroma Foods, a nationwide bakery chain, for Rs 2,410 crore, according to informed sources, quoted by Economic Times. The transaction involves ChrysCapital acquiring approximately 90% ownership from the current promoters and ICICI Venture, whilst the promoters will maintain a […]

Reliance brings UK’s FaceGym to India with stake buy

MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. […]

Radhakishan Shivkishan Damani portfolio: Ace investor’s NSE stake hits Rs 9,300 crore ahead of IPO; exchange becomes his No. 2 holding by value after DMart

As the National Stock Exchange (NSE) moves closer to its long-awaited IPO, ace investor Radhakishan Damani’s early-stage investment in the bourse is delivering massive paper gains. His 1.58% stake—equivalent to 3.91 crore shares—is currently valued at around Rs 9,300 crore in the unlisted market, based on the latest grey market price of Rs 2,389 per […]

Rosneft in talks with RIL to sell its stake in Nayara

New Delhi: Russian energy major Rosneft’s quest for a buyer for its stake in Nayara Energy seems to have ended up at Reliance Industries’ doors after lukewarm response from other Indian businesses, including state-run players. The two giants have started exploratory talks but it is too early to expect a definitive outcome due to Rosneft’s […]

Rosneft in early talks with Reliance to sell stake in Nayara Energy; valuation key hurdle – Report

Russian oil major Rosneft has initiated preliminary discussions with Reliance Industries for a potential sale of its 49.13 per cent stake in Nayara Energy, according to sources cited by PTI. The talks, still in early stages, could mark a major consolidation in India’s oil refining and fuel retailing space, positioning Reliance to become the country’s […]

Economy

Mazagon Dock Shipbuilders to buy controlling stake in Colombo Shipyard

Indian Navy’s warship Mahendragiri, the seventh ship of Project 17A frigates series developed by Mazagon Dock Shipbuilders Limited (MDL), during its launch, in Mumbai, Friday, Sept. 1, 2023 | Photo Credit: SHASHANK PARADE Central government owned Mazagon Dock Shipbuilders said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard in a deal […]

Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge

State-run Mazagon Dock Shipbuilders Limited (MDL) has announced its first international acquisition, signing a deal worth up to $52.96 million to acquire a controlling stake in Sri Lanka’s Colombo Dockyard PLC (CDPLC). The strategic move is seen as a major step in expanding India’s maritime influence in the Indian Ocean Region amid China’s growing footprint.MDL, […]