Page 5 - Acquisition

D2C Ecommerce acquires leading natural personal care brand Luxura Sciences

D2C Ecommerce, India's First Multi-D2C Brand Online Platform, Acquires Leading Personal Care D2C Brand Luxura Sciences

Luxura Sciences has been on an upward trajectory with a revenue of INR 4+ crores in FY21-22



New Delhi, Delhi, India Business Wire India



D2C Ecommerce, a homegrown multi-brand e-commerce platform has acquired leading personal care D2C brand Luxura Sciences'. Through this acquisition, D2C Ecommerce will expand in personal care and beauty segment, strengthen Luxura Sciences' product offerings by investing in newer categories and foray into global markets including US, UK, Middle East, South East Asia and Europe. D2C E-commerce had recently announced leading actress Rakul Preet Singh as brand ambassador for its fashion jewellery brand AccessHer'.



Luxura Sciences was established in 2018 by serial entrepreneur Mohd. Suaid Ahmed. Luxura's natural personal care range is made with

Reliance Retail to buy 49% in Naturals Salon by first half of Q4: sources

Through funds raised from the deal, Naturals is planning to expand its footprint across the country. It currently runs 700 salons in 20 states and is planning to increase that to 3,000 by 2025

NIIT acquires US-based St Charles Consulting Group for $23.4 million

The acquisition will help NIIT add significant presence in the professional services and management consulting sectors while strengthening its growing learning consulting practice.

CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details

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JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25

LIC picks up over 2% additional stake in Capri Global Capital for Rs 257 cr

Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of Rs 257.37 crore. Its shareholding in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, increasing its stake from 7.052 per cent to 9.072 per cent of the paid up capital of the company, LIC said in a regulatory filing on Monday. Capri Global caters to different segments like MSME, construction, finance, affordable housing and indirect retail lending segments. The new shares were acquired between June 10, 2022 to October 28, 2022 at an average cost of Rs 724.74 apiece. As per regulatory norms, listed companies are required to disclose about change in shareholding of 2 per cent and above. LIC said the share purchase was an investment function through an open market purchase. Capri Global's market capitalisation stands at Rs 13,014 crore. The scrip of LIC closed at Rs 604 on BSE, up 1.86 per cent. Capri Global settle

Google buys artificial intelligence avatar startup 'Alter' for $100 mn

The acquisition was completed about two months ago, but neither company made a public announcement.

Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset

Jaypee Infratech deal expected to close by early Nov

Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%

Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million

In call with bankers, Musk pledges to close Twitter deal by Friday

Elon Musk pledged to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal

Hindustan Zinc eyeing acquisitions in US, Europe in new growth push

Parent Vedanta has zinc assets in Namibia, South Africa and Ireland

Solar glass manufacturer Borosil Renewables acquires Interfloat Group

India's first solar glass manufacturer Borosil Renewables Ltd has acquired 86 per cent stake in Europe's largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. "With its acquisition of the Interfloat Group, BRL's solar glass manufacturing capacity will grow to 750 tonnes per day from the current 450 TPD, an increase of 66 per cent," the company said in a statement. This capacity of the combined entity will further increase to 1,300 TPD by year end with the commissioning of a new furnace with a capacity of 550 TPD in India. "This acquisition will make a wider range of solar glass available to BRL's expanded customer base in Europe. Borosil leverages its highly efficient production technology to bring greater productivity and a lower carbon footprint to the European entity," it said. Interfloat Group consists of two companies -- GMB Glasmanufaktur Brandenburg GmbH (GMB), based in Tschernitz, Germany, and Interfloat Corporation, based in Liechtenstein. GMB

We won't make an acquisition just because we have to: Piramal Pharma chief

In a Q&A, Nandini Piramal, chairperson of the firm, says the company currently sees great scope in expanding and organically growing the OTC business, and wants to build more consumer focused brands

Parle in talks to acquire Polish biscuit brand dr Gerard, says report

dr Gerard was launched in 1993 and has over 200 varieties of biscuits and salty snacks. In 2013, it was acquired by Bridgepoint for an undisclosed sum

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements

Jaypee-owned firm undergoing bankruptcy process

NSDL acquires 5.6% stake in govt's e-commerce project ONDC for Rs 10 crore

Leading depository NSDL on Wednesday said it has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce for Rs 10 crore. National Securities Depository Limited (NSDL) invested an amount of Rs 10 crore in ONDC under the private placement route, the depository said in a statement. "This strategic deal will further strengthen the digital ecosystem to take digital e-commerce to the people of India," Padmaja Chunduru, MD and CEO at NSDL, said. ONDC is an initiative of the Commerce Ministry to create an open public digital infrastructure, while NSDL has played a key role in transforming the Indian securities market by facilitating, holding and transfer of securities in dematerialised form. NSDL demat account holders are serviced through the Depository Participants from 58,000 service centres. Its investors are present in 99 per cent of pincodes in India and are spread across 189 countries. "We are glad to have NSDL as a stakeholder which would be of ..

Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance

NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches

NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report

Banking regulator flags conflict of interest concern

WPP acquires remaining 26% stake in MediaCom from Balsara family

Deal size not known immediately, marks the exit of the Balsaras from the agency

Story of BillDesk and how it became India's largest bill payment platform

Founded by three former executives of Arthur Andersen, it initially offered banks a platform that enabled their customers to pay bills from their homes