By Manuel Baigorri
In 2010, Piramal Enterprises sold its branded generic-medicine unit in India to Abbott Laboratories for $3.7 billion.
The potential deal will be next in a series of acquisitions by Amazon.com Inc in one of the fastest-growing markets in the face of competition from Walmart Inc’s Flipkart.
US technology firm ALTEN Calsoft Labs has acquired Bengaluru-based Si2Chip, a specialised chip design company.
Last year, the IPO market witnessed an all-time record fundraising of ₹67,147.4 crore with 36 companies hitting the market, according to Prime Database data.
Motilal Oswal is investing in the company through its third and latest private equity fund, India Business Excellence Fund. This is the first private equity investment in Happy Forgings.
Earlier this year, Prime Ventures Partners had also led the Bengaluru-based company’s first round of investment of $2 million.
Dr. Reddy’s intends to streamline manufacturing operations and reduce costs through this sale.
In January, ICD signed a shareholder agreement with the PE arm of IL&FS to launch an Africa-focused infrastructure fund with $105 million in seed capital.
IIFL has reportedly acquired 75% stake in the company.
Amazon is reportedly eyeing a 30 per cent stake in Spencer’s Retail but talks have been held up due to differences over valuation.