Tag Archive for crores

Prataap Snacks Limited to acquire 80% equity stake in Avadh Snacks Private Limited for Rs.148 Crores

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com


Prataap Snacks Ltd. (PSL), (BSE- 540724), (NSE- DIAMONDYD) one of India’s fastest growing snack foods company has announced acquisition of Avadh Snacks Private Limited, (“Avadh”)- Gujarat’s leading snacks food company. PSL has agreed to acquire 80% equity stake for a consideration of Rs.148 crores through a combination of primary & secondary investment.

Avadh Snacks Pvt Ltd, promoted by Mr. Rajesh Savani, Mr. Dilip Lalani and Mr. Neel Jagani is engaged in the manufacturing and selling of branded packaged snacks under brand name “Avadh”. Started in 2010, Avadh today has a well-diversified and strong product portfolio for namkeens like bhujia, chevda, fafda, gathiya, etc. and extruded pellets like wheels, cups, pasta, etc. with strong presence in the state of Gujarat and now expanding to Maharashtra and Rajasthan. Read more

TCNS Clothing Co. Limited allots Rs. 337.5 crores (47,14,210 equity shares) to 33 anchor investors at Rs. 716 per equity share

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By Vivek K.  Mobile: 09920183006 Email:indianshowbusiness@gmail.com

TCNS Clothing Co. Limited allots 47,14,210 equity shares at Rs. 716 per equity share (upper end of the Price Band) to 33 anchor investors aggregating to Rs. 337.5 crores. The anchor book is well distributed anchor book witnessing participation from global and local institutional investors.

Anchor book of INR 337.5 crores with bids from over 30+ schemes of 24 institutional investors
Well distributed anchor book witnessing participation from global and local institutional investors
Participation from various pockets of demand including FII long only investors, private equity funds, local mutual funds, insurance companies and alternative asset managers
60% of the anchor book allocated to FII long only and private equity investors and c. 30% allocated to local institutions
Marquee FII investors like Fidelity, Goldman Sachs, GMO, Steinberg, White Oak Capital and private equity sponsors like ChrysCapital participated as anchors
Few first time anchor investors in India IPO like Al Mehwar Investments (from Abu Dhabi) and Sylebra Capital from Asia participated
Among local institutions, Axis Mutual Fund, Birla Mutual Fund, ICICI Prudential Life Insurance, Sundaram Mutual Fund, Edelweiss group and IIFL group were key participants

Names of anchors:

1) FIDELITY SECURITIES FUND – FIDELITY BLUE CHIP GROWTH FUND – 8.58% of the total anchor portion, 2) FIDELITY INVESTMENT TRUST FIDELITY INTERNATIONAL DISCOVERY FUND – 6.73%, 3) FIDELITY SECURITIES FUND-FIDELITY SERIES BLUE CHIP GROWTH FUND – 2.02%, 4) GMO EMERGING DOMESTIC OPPORTUNITIES FUND, A SERIES OF GMO TRUST – 10.07%, 5A) Read more

India’s Largest Community Development Fund – Rs. 100 Crores (US $ 14.7 Million) Fund Announced to Rotary Foundation

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Rotarian Dokoju Ravishankar announced the single largest community fund Rs. 100 Crores to Rotary Foundation. This endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child Health, Basic Education & Literacy and Economic & Community Development. Seen from L - R: Rtn Suresh Hari S, District Governor of RI District 3190, Mrs.Paola Ravishankar, Rotarian Dakoju Ravishankar.

In a first-of-its kind move, a single donor has come forward to announce the single largest community fund from India to Rotary Foundation at INR. 100 Crores (US $ 14.7 Million). The same was announced at the installation ceremony of Rotarian Suresh Hari as the new District Governor of Rotary International District 3190. Suresh Hari, a member of Rotary Bangalore Indiranagar Club, Vice President of CREDAI Bengaluru and Founder & Managing Partner of Vishal Promoters and Builders, Bengaluru. He was also the Past National President of Round Table India. The large fund income out of Endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child health, Basic Education & Literacy and Economic & Community Development. Read more

Tata Mumbai Marathon 2018 raises over Rs 34.36 crores, shattering all previous records

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Tata Mumbai Marathon (TMM) is much more than a Marathon, it is a showcase for the ‘Can do… Will Do’ spirit of humanity. The event transcends sport and encourages the ‘Power of the Collective’ to make a difference. The event has ignited a spirit of giving, empowering countless individuals to bond with civil society for the change they want to see in it.

United Way of Mumbai, the event’s philanthropy partner, continued their commitment towards charity and shattered all previous records raising over Rs. 34.36 crores, an unprecedented achievement.

With this, the cumulative amount raised by the event in 15 years since its inception in 2004 has breached the Rs 200 crores mark, standing at an impressive Rs. 229.16 crores today. This re-affirms TMM as the single largest sporting platform for philantrophy in India.

 

‘Giving’ through TMM reached a new high as 262 NGOs, 169 Corporates, 266 teams, 231 Young Leaders along with thousands of individual donors and fundraisers came forward to support a host of social causes including Education, Disability, Health Care, Women Empowerment, Children, Animal Welfare & Environment, Livelihood, Social, Civic & Community Development, Art, Elderly, and Gender among others.

 

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Eros International’s Bajrangi Bhaijaan grosses over Rs.169.17 crores (USD 25.95 million) in first 10 days of release

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Eros International Media Ltd, a leading global film company in the Indian film entertainment industry, announced Producer Salman Khan Film’s Bajrangi Bhaijaan has collected over Rs. 160 crores within ten days of its release in China. More than two years since it opened in India, Bajrangi Bhaijaan released in China on March 2 this year and continues to enjoy a very strong box office performance earning Rs. 169.17 crores (USD 25.95 million) since its release.

 

Marking Indian super star Salman Khan’s first ever movie to release in the China market, Eros released the film in association with China’s E Stars Films Ltd and Salman Khan Ventures. After breaking several records during its Eid release in 2015, Bajrangi Bhaijaan crosses another key threshold, with the film taking a commanding start at the Chinese box office, raking in Rs. 14.5 crores on its opening day, debuting at number 7. The Kabir Khan-directed film trended extremely well through its release, climbing to number 4 box office position on its first Monday. It crossed the Rs100 crore mark within a week of release and closed the second weekend with Rs 169.17 crore ($25.95 million) in collections, retaining the number 5 position in the Chinese box office, despite new releases over the weekend.  Read more

Sanjay Leela Bhansali’s Padmavaat Crosses A Whopping Rs 540 crores

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sanjay Leela Bhansali’s ‘Padmaavat’ has broken all box office myths to become the biggest grosser of 2018 both in India and overseas markets.

What goes to show the incredible popularity of the magnum opus at the box office is that it has been a money spinner in what is normally looked at as the ‘lean period’ with no holidays or long weekends.

While other films have come and gone, Sanjay Leela Bhansali’s ‘Padmavaat’ has been going strong. Read more

ODDBALL Motion Pictures receives 250 crores investment from Chanda Group for Films and Digital content

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

ODDBALL Motion Pictures, a leading film and media production company founded by filmmaker Nitin Upadhyaya announced their association with Chanda Group on Monday werein the latter will be funding a seed capital of upto 250 Crores for the feature films and original digital video content that will be exclusively developed and produced by ODDBall Motion Pictures. Read more