Food-delivery unicorn Zomato is reportedly in talks to acquire SoftBank-backed grocery startup Grofers. According to reports by The Economic Times and Entrackr, the all-stock deal might value the e-grocer at $750mn (around ₹5,700Cr). Reportedly, Softbank is considering investing about $100-$200mn in the merged entity through its VC arm Vision Fund. According to sources mentioned in…
India’s largest FMCG company Hindustan Unilever Limited (HUL), recently announced that it has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with HUL. This merger was first announced in December 2018 and was subject to obtaining necessary approvals. It is being said that the acquisition is one of the largest deals in the…
Wednesday, May 30, 2012 “Indian acquirers are at a disadvantageous position unlike their foreign counterparts due to the absence of a level playing field, as banks in India are not providing finances whereas the foreign banks are facilitating their domestic companies,” said Mr P.K. Bindlish, chief general manager, Securities Exchange Board of India (SEBI) at…