Tag Archive for stake

Remo D’Souza picks up stake in Mumbai based company Brandsdaddy to make India Auto Fire Proof

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

Choreorapher turned filmmaker Remo D’Souza is excited to embark on a new chapter as an investor in a high-tech enterprise,Brandsdaddy!

After his successful stint with the ABCD – Any Body Can Dance franchise, Remo is now working towards another ABCD, this time around being Any Body Can Douse fire! And by picking up stake in Mumbai based company Brandsdaddy, Remo plans to work towards making India auto fire proof. He launched the Automatic Fire Extinguisher at J W Marriot, Juhu with Roshaan Mishra ,Founder and CEO Brandsdaddy. Krunal Shah and Suraj Muchhala of Arun Muchhala Group are part of this movement. Well known RJ Anuraag Pandey hosted the event.

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Follow Nobel Peace Laureate Kailash Satyarthi through High Stake Secret Missions to End Child Slavery and Trafficking

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

The first trailer of the award winning film “The Price of Free’ featuring Nobel Peace Laureate Kailash Satyarthi has been released by Participant Media, Concordia Studio and YouTube.

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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

Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share

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

Eros International PLC (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited (“Reliance”), previously announced on February 20, 2018, has been completed.

 

Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents 5.0% of Eros’ current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15.00 per share, which represents a total cash consideration of $46.6 million.

 

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Eros International Plc in this transaction. Read more

Apollo Hospitals enters Lucknow with acquisition of a 50% stake in Medics International Lifesciences’ 330 bedded super-speciality hospital project

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

Apollo Hospital Enterprise Ltd. (BSE: 508869 / NSE: APOLLOHOSP), India’s first multi-speciality chain of hospitals today announced that the company has acquired a 50% stake in Medics International Lifesciences Ltd. (‘Medics’), a 330 bedded super-speciality hospital in Lucknow. The Apollo Medics Super Speciality Hospital would strengthen Apollo Hospitals’ leadership position in the hospital space as well as enhance its presence in the state of Uttar Pradesh where it already has a strong brand equity. Apollo Medics Super Speciality Hospital is expected to be commissioned by the third quarter of the current financial year. The acquisition of the 50% equity stake is through a primary issuance of shares by Medics for a consideration of Rs.910 million which would be utilised towards hospital commissioning and related expenses. The transaction was facilitated by Advay Capital Advisors as investment bankers. Read more

Samena Capital takes 35% stake in Bloom Hotels at INR 330 crore valuation

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

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Bloom Hotels (“Bloom”) is swiftly moving ahead with its expansion plans after a primary capital injection of Rs 100 crores by Samena Capital in the company’s Series B investment round. The investment values Bloom at 330 crores and will help roll out the company’s innovative affordable brands to all Indian cities. With this investment Samena Capital has taken a 35% stake in Bloom Hotels. Read more

Reliance Industries Limited to acquire stake in Eros International PLC

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

Reliance Industries Limited (“RIL”) and Eros International PLC (“Eros”) announced today that RIL, through a subsidiary, has agreed to subscribe to a 5%  equity stake in NYSE listed Eros at a price of USD15 per share, which represents an 18% premium to last closing price. The transaction is subject to customary regulatory and other approvals.

 

Furthermore, RIL and Eros International Media Limited (“Eros India”) announced that they have agreed to partner in India to jointly produce and consolidate content from across India. The parties will equally invest up to INR 1,000 crores in aggregate (approximately USD150 million) to produce and acquire Indian films and digital originals across all languages.

In addition, it was announced that Ms. Jyoti Deshpande, Group CEO and MD of Eros will be stepping down from her Executive role after more than 17 years in Eros and move on to head the Media and Entertainment business at RIL as President of the Chairman’s Office. Ms. Deshpande will start her role at RIL from April 2018, but will continue to remain as a Non-Executive Director on the Board of Eros. Mr. Kishore Lulla will resume his position of Group Chairman and CEO of Eros. Read more

Usha International Ltd (USHA) Sells its stake in Honda Siel Cars India Ltd to Honda Motor Company, Japan

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By K. Ashwin Mob: 00919920183006 E-mail: indianshowbusiness@gmail.com

Usha, Honda Siel Cars India Ltd and Honda Motor Company, Japan, after working together for 16 years to develop Honda Siel Cars India Ltd have agreed to end their Joint Venture. Accordingly, Honda Motor Company, Japan has purchased all of the shares (18,000,000) that USHA held in Honda Siel Cars India Ltd.

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