K Raheja Corp is buying Standard Industries’ land while Germany-based Fresenius Medical Care (FMC) has acquired Sparsh Nephrocare. Also, Blackstone has closed the deal with 60.17 per cent stake purchase of Mphasis.
K Raheja Corp to buy Standard Industries’ land for $53m
Real estate developer K Rajeha Corp has agreed to buy Standard Industries’ 62.25 acre land in Navi Mumbai for Rs 355 crore ($52.9 million).
According to a stock market disclosure, Mafatlal Group’s firm Standard Industries, with interest in textiles, will transfer and assign its leasehold rights for the said leasehold property at Trans-Thane Creek Industrial Area in the villages of Ghansoli and Savali.
Germany’s Fresenius acquires Sparsh Nephrocare
Germany-based Fresenius Medical Care (FMC) has acquired India dialysis chain Sparsh Nephrocare for an undisclosed amount.
Run by Hyderabad-based Sandor Nephro Services Pvt Ltd, Sparsh Nephrocare is backed by Tata Capital Healthcare Fund.
“India is one of the largest dialysis markets in the world with most of the patients in tier II and tier III towns. Sparsh, with its differentiated business model, is the right platform for us to establish ourselves in the under-penetrated Indian market. Sparsh management team will form an integral part of FMC’s India dialysis services strategy,” said Punit Kohli, managing director, Fresenius Medical Care India.
Blackstone closes deal to buy stake in Mphasis with 60.17% stake
PE giant Blackstone‘s open offer to buy majority stake in IT firm Mphasis Ltd has failed and it has closed the deal with purchase of 60.17 per cent stake.
The PE firm had offered to buy a majority stake in the company from Hewlett Packard Enterprise (HPE) in April.
Blackstone managed to buy only 2,178 shares out of 54.9 million shares it had offered to buy.
Mphasis’ scrip last traded at Rs 559.80 each, down 0.59 per cent on BSE in a strong Mumbai market on Friday.