By Denise Wee
L’Occitane said the acquisition will help bolster its growth globally and Elemis will leverage on the acquirer’s geographical presence to expand into new markets.
Panaya was among Infosys’ most ambitious buys that eventually became a bone of contention between founder Narayana Murthy and the then CEO and MD Vishal Sikka.
The move comes as the media conglomerate runs into trouble trying to scale its operations in the country after more than two decades of business there.
This is part of its move to rebalance its portfolio of assets away from Europe.
Analysts have said a deal with Ophir would boost Medco’s valuations and help it gain access to international assets.
Acquiring Jet Airways’s business could give Tata Group’s fledgling aviation unit a shot at dominating the fast-growing air-travel market.
The promoter owns 45% of Eveready and is said to have mandated Kotak Mahindra Bank for the potential sale.
OUELH will acquire a 40% stake in Yoma Siloam Hospital Pun Hlaing, which operates three hospitals, one medical centre and two clinics, and a 35% stake in Pun Hlaing International Hospital.
PTC India Ltd’s wind power business may be valued at around ₹2,000 crore.
Digiperform, owned by Digital Performance Media Pvt. Ltd, will use the funds to accelerate its growth in the market and build brand awareness.