Wednesday, November 6

Tag: Buyout

Snapdeal Board To Seek Shareholders View On Flipkart Deal
26Jul By Press Trust of IndiaNo Comments
News

Snapdeal Board To Seek Shareholders View On Flipkart Deal

Snapdeal will seek views of its shareholders, including Ratan Tata and PremjiInvest, on the proposed USD 900-950 million buyout deal by Flipkart, a source said. The deal is almost through but there are a few areas of concern and the Board wants to seek views and comments from shareholders on the deal, two people aware of the developments said. (more…)
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Godrej acquires US-based Strength of Nature (SON)
4Apr By AdityaNo Comments
ACQUISITION

Godrej acquires US-based Strength of Nature (SON)

Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods arm of the $4 billion-Godrej Group, has acquired US based company Strength of Nature. Nature a US-based company that makes hair care products targeted at women of African descent. The acquisition amount has not been disclosed. Adi Godrej, chairman of the Godrej Group, said on Saturday that with this acquisition, GCPL would be the leading company that makes hair care products for women of African descent. According to GCPL’s presentation, the global market for hair care targeted at women of African descent is valued at $4.5 billion - $2.3 billion in Africa, $1.6 billion in the US and the remaining in other regions of the world. Over the last few years GCPL has followed a growth strategy, which it calls three-by-...
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