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Poly Medicure to fully acquire Citieffe Group at enterprise value of Rs 324 cr

Economic Times

Economic Times · 1m ago

Poly Medicure to fully acquire Citieffe Group at enterprise value of Rs 324 cr

Poly Medicure Ltd will acquire Italy-based Citieffe Group for Rs 324 crore, gaining entry into the global orthopaedics market, particularly the trauma and extremities segment. This acquisition follows Poly Medicure's recent acquisition of PendraCare Group. Poly Medicure aims to leverage its manufacturing expertise and Citieffe's distribution network, potentially reducing costs and expanding its global reach.

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Trade Spotlight: How should you trade DLF, Cummins India, KEI Industries, Poly Medicure, and others on Wednesday?

Money Control

Money Control · 1y ago

Trade Spotlight: How should you trade DLF, Cummins India, KEI Industries, Poly Medicure, and others on Wednesday?

The stock market showed positive momentum on August 20, with 1,494 shares advancing against 881 declining shares on the NSE. The Nifty 50 is predicted to reach 24,800 as long as it holds above 24,650. Here are some stock trading ideas for the near term: Poly Medicure is moving in an upward-sloping channel and has bullish indicators, with a target of Rs 2,400. KEI Industries has a positive trend and could reach Rs 4,900-5,000 with a buy-on-dips approach. Vijaya Diagnostic Centre is in a strong uptrend and could move towards Rs 980-990. Cummins India has formed a strong base and could reach Rs 4,100. DLF is showing upward momentum and could reach Rs 950. Lastly, EID Parry India is in a strong uptrend and could reach Rs 880.

Emcure Pharma to acquire remaining 20.42% stake in Zuventus Healthcare for Rs 724.9 cr

Economic Times

Economic Times · 4m ago

Emcure Pharma to acquire remaining 20.42% stake in Zuventus Healthcare for Rs 724.9 cr

Emcure Pharmaceuticals will acquire the remaining 20.42% stake in Zuventus Healthcare for Rs 724.9 crore, making Zuventus a wholly owned subsidiary. The transaction aims to fully consolidate Zuventus financially within Emcure, enhancing alignment and unlocking synergies in the domestic market. The acquisition, approved by Emcure's board, is expected to close in the September quarter of FY26. This move is part of Emcure’s strategic priority to drive long-term value creation in its domestic business.

Mamaearth IPO fully subscribed on Day 3 on QIB push

Economic Times

Economic Times · 2y ago

Mamaearth IPO fully subscribed on Day 3 on QIB push

The IPO of Honasa Consumer, which operates the Mamaearth brand, has seen a strong response from investors on the last day of bidding. The issue was fully subscribed, driven by strong institutional demand. The overall subscription is 2.53 times, with Qualified Institutional Buyers leading the way at 4.12 times subscription. Retail and non-institutional categories are yet to reach full subscription. The IPO is priced at Rs 308-324 per share, valuing the company at nearly Rs 10,500 crore. Proceeds will be used for various purposes including advertising and setting up new outlets.

Paytm adds fresh ESOPs worth Rs 215 Cr

Entrackr

Entrackr · 5m ago

Paytm adds fresh ESOPs worth Rs 215 Cr

Paytm, operated by One97 Communications, has granted 23.7 lakh stock options under its ESOP 2019 plan, according to NSE. At the current market price of Rs 906 per share, the total value of the grant stands at approximately Rs 215 crore. The development comes a couple of months after One97 Communications' Managing Director and Chief Executive Officer, Vijay Shekhar Sharma, voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore. Last month, Ant Group, the financial services arm of Chinese conglomerate Alibaba, recently offloaded around a 4% stake in One97 Communications for Rs 2,103 crore (approximately $246 million). According to the disclosure, the stock options carry an exercise price of Rs 9 each. Each option, once vested, is convertible into one fully paid-up equity share. Paytm further noted that 3,46,746 options were lapsed in the existing ESOP plan 2019. Paytm’s revenue declined by 16% year-on-year to Rs 1,911 crore in the fourth quarter of the last financial year ending March 2025, while reducing its losses by 96% to Rs 23 crore in the same period. For the full fiscal year, revenue stood at Rs 6,900 crore and losses were worth Rs 663 crore.

Stonepeak fourth shortlisted bidder to buy O2 Power in $1 billion deal

Livemint

Livemint · 1y ago

Stonepeak fourth shortlisted bidder to buy O2 Power in $1 billion deal

New York-based Stonepeak is the fourth bidder to submit a binding offer to acquire Indian renewable energy platform O2 Power. The equity value of the potential deal is approximately $1bn, with an enterprise value of around $2.3bn. The other shortlisted bidders are I Squared Capital, JSW Neo Energy and Macquarie Group. EQT and Temasek hold 51% and 49% stakes in O2 Power, respectively. Thirteen prospective buyers have signed non-disclosure agreements for the sale. The deadline for submitting binding offers is 19 October.

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr

Entrackr

Entrackr · 18d ago

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr

Reliance and Facebook form joint venture to launch AI firm, invest Rs 855 Cr Reliance Intelligence Limited, a subsidiary of Reliance Industries, has formed a joint venture named Reliance Enterprise Intelligence Limited (REIL) with Facebook Overseas Inc., a unit of Meta Platforms Inc. Reliance Intelligence Limited (RIL), a wholly owned subsidiary of Reliance Industries Limited, has formed a joint venture named Reliance Enterprise Intelligence Limited (REIL) in partnership with Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc. The venture will focus on developing, marketing, and delivering enterprise-grade artificial intelligence (AI) solutions across India. As per the exchange filing, Reliance Intelligence Limited has incorporated Reliance Enterprise Intelligence Limited (REIL) on October 24, 2025, with initial investment of Rs 2 crore to subscribe to 20 lakh equity shares of Rs 10 each. As part of the joint venture agreement, Reliance Intelligence and Facebook have jointly committed an investment of Rs 855 crore in the venture. Reliance Intelligence will have a 70% stake in the Reliance Enterprise Intelligence Limited (REIL) while Facebook will command the remaining 30% stake. “The transaction does not qualify as a related party transaction, and none of the company’s promoters, promoter group, or group companies have any interest in it,” the exchange filing stated.

How the returns stack up for NIIF, BII and Eversource in exit from energy firm

VCCircle

VCCircle · 8m ago

How the returns stack up for NIIF, BII and Eversource in exit from energy firm

A joint venture between Oil & Natural Gas Corp and NTPC Green Energy Ltd acquired Ayana Renewable Power Pvt. Ltd at an enterprise value of Rs 19,500 crore ($2.3 billion). The acquisition involved taking on the company's debt, highlighting a strategic move to expand in the renewable energy sector. The exit of Ayana's three shareholders, including NIIF, BII, and Eversource, reflects a significant financial decision, although specifics beyond enterprise value weren't disclosed.

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases

Entrackr

Entrackr · 7d ago

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases. Online travel platform EaseMyTrip has announced five back-to-back investment deals worth Rs 514 crore, marking its biggest diversification push beyond travel and ticketing, as per the regulatory filings. The company will fully acquire AB Finance Private Limited, while picking up minority stakes in Three Falcons Notting Hill, Javaphile Hospitality, Levo Beauty, and SSL Nirvana Grand Golf Developers. All transactions will be executed through a share swap, with EaseMyTrip issuing new equity shares on a preferential basis instead of paying cash. According to the company’s filing, EaseMyTrip has entered into definitive agreements to acquire a 100% stake in AB Finance, 50% in Three Falcons, and 49% each in Javaphile, Levo, and Nirvana. The combined value of these investments stands at Rs 514 crore. The largest among the five deals is the Rs 194 crore acquisition of AB Finance. EaseMyTrip said the purchase will help augment its business expansion and operational requirements. In another key move, the company is investing Rs 175 crore to buy a 50% stake in Three Falcons, a London-based hospitality venture that runs the boutique hotel The Knight of Notting Hill. The remaining three deals involve smaller but strategic equity infusions. EaseMyTrip will invest Rs 19.6 crore in Javaphile Hospitality, which operates in the cafe and fine-dining space; Rs 24.5 crore in Levo Beauty, which runs salons, spas, and wellness centres in Gurugram; and Rs 100.5 crore in SSL Nirvana Grand Golf Developers, a real estate venture. EaseMyTrip said these deals are part of its plan to drive inorganic growth and portfolio diversification as it continues to build a broader ecosystem around travel, hospitality, and lifestyle experiences. All five transactions are subject to shareholder and regulatory approvals and are expected to be completed over the next three to four months.

Mamaearth’s house of brands faces early questions

The Arc Web

The Arc Web · 1y ago

Mamaearth’s house of brands faces early questions

Parent entity Honasa, which owns personal-care brand Mamaearth, reported losses in FY23 due to write-offs on acquiring content platform Momspresso. Despite operating revenues rising by 58% to Rs 1,492.7 crore, total expenditure also increased by 59% to Rs 1,501.6 crore. However, for Q2 of FY23, Honasa recorded a 45% increase in topline at Rs 464 crore and a profit of Rs 25 crore. Honasa's IPO has set a price band of Rs 308-324, valuing the company at Rs 10,423 crore.

Advent International to invest $296 mn in Apollo Hospital unit

VCCircle

VCCircle · 1y ago

Advent International to invest $296 mn in Apollo Hospital unit

US private equity firm, Advent International, has agreed to invest INR 2,475 crore ($296m) to acquire a minority stake in Apollo HealthCo. The investment will allow for the merger of wholesale pharma distribution company Keimed and digital healthcare business Apollo 24/7. Advent will invest in two tranches to acquire a 12.1% stake in the merged entity, giving Apollo HealthCo an enterprise value of INR 22,481 crore. Following the merger, Apollo Hospitals will remain the largest controlling shareholder with a stake of at least 59.2%.

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