Posts Tagged ‘Retail companies’

BenefitsPLUS acquires Snowball eRetail Services

Comments Off | 06-7-2011

According to Your Story, benefitsPLUS, India’s most dynamic and compelling closed-group ecommerce website acquired Snowball eRetail Services based out of Delhi to strengthen its online retail presence. The move gears up benefitsPLUS to take an even healthier slice out of the estimated Rs 47,000 Cr e-c0mmerce market.
benefitsPLUS offers services to over 100 major corporates across

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Rexel buys a second Indian company, Ad Electronics

Comments Off | 05-24-2011

Rexel, a global leader in the distribution of electrical supplies, announced Monday the acquisition of India’s AD Electronics.  Rexel entered the Indian market through the acquisition of Yantra Automation in January. The investment further strengthens Rexel’s footprint in the country with this new acquisition.
Based in Mumbai, one of India’s major industrial regions, AD Electronics is

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Warburg Pincus mulling Rs 150 crore investment in Indianmart.com

Comments Off | 05-9-2011

According to the Economic Times (ET), Warburg Pincus may invest up to Rs.150 Crore in Indiamart.com. The deal may see an exit by BCCL, which had invested $3.5 million in Indianmart.com in 2007. Indiamart Intermesh is India’s largest online B2B marketplace for SMEs, connecting global buyers with suppliers.
Economic Times reported that the investment will be

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Reliance Equity Advisors invests Rs 120 Crore in Shankara Pipes India Ltd

Comments Off | 03-28-2011

Reliance Equity Advisors has invested Rs.120 Crore in Bangalore based Shankara Pipes India Ltd. The Bangalore business was incorporated more than ten years ago and is involved in the distribution of a variety of steel tubes and pipes, reported the Times of India. Shankara Pipes India is promoted by Sukumar Srinivas and has over 600

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Dutch consumer electronics maker Philips purchases leading Indian kitchen appliance maker Preethi

Comments Off | 01-26-2011

Philips Monday announced it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount. Royal Philips is a Dutch consumer electronics maker. The investment is aimed at turning the Dutch firm into a leader in India’s fast-growing market.
In a statement, Royal Philips Electronics said it has agreed to acquire the assets of the

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Karuturi Global Ltd to buy 54 per cent in Florista India Pvt Ltd

Comments Off | 12-10-2010

In a bid to expand its business and offering in India, Karuturi Global Limited is to buy a 54 per cent stake in Florista India Private Limited. Florista India Private Limited is a chain of floral designing boutique stores across India. However, the deal was undertaken for an undisclosed amount. Karuturi reiterated that it plans

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Valuemart Retail India acquires 59.86 per cent shareholding in Residency Projects and Infratech Ltd

Comments Off | 11-26-2010

Valuemart Retail Ltd has acquired a 59.86 per cent stake in Residency Projects and Infratech Ltd. Valuemart Retail India Ltd said it will be purchasing the stake from the target firm’s existing promoters. Based in Bangalore, Valuemart India is keen on bolstering its position and offering by acquiring new businesses and prospects. The firm is

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Europe’s biggest home improvement retailer Kingfisher Plc to open first outlets in India and Brazil

Comments Off | 09-18-2010

Kingfisher Plc is mulling commencing operations in India with the opening of its first outlets in the country. The move will be followed by a similar venture in Brazil, Latin America’s biggest and fastest growing economy. Kingfisher Plc is Europe’s biggest home-improvement retailer and its overseas venture in India and Brazil may be followed with

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Anil Dhirubhai Ambani Group (ADAG) on the acquisition trail, acquires 8.68% stake in Trent Ltd, buys 15% stake in a new international airport in central Kerala

Comments Off | 09-7-2010

Reliance Capital Trustee, of the ADAG group of companies, reported that it had acquired 8.68% stake in Trent Ltd for an estimated Rs 21.2 crore. The move comes as ADAG’s introductory foray into the Indian retail sector. In the deal, the cumulative compulsorily convertible preference shares of Trent were purchased by Reliance Capital Asset Management

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Hong Kong Based SAIF Partners acquires a minority stake in the Indian retailer of kids wear, Catmoss Retail

Comments Off | 08-17-2010

Catmoss Retail Pvt Ltd reported it had disposed off its minority stake to Hong Kong based firm, SAIF Partners. Catmoss Retail Pvt Ltd is a retailer of kids wear in India and the announcement stated that the firm had sold its minority stake for Rs 100 crore.
Catmoss Retail further said the move was targeted at

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