The promoter group of Excel Crop Care Ltd, the Shroff family, has entered into a definitive agreement to sell its 24.75% stake in the agro-chemicals firm to Sumitomo Chemical Company Ltd for Rs 343 crore ($51 million). Some Bullet Points
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Kolkata-based Paharpur Cooling Towers Ltd has agreed to acquire US company SPX Cooling Technologies’ dry cooling business globally for Rs 320 crore (about $48 million), according to a statement. Some Bullet Points
Kolkata-based railway wagons manufacturer Titagarh Wagons Ltd has acquired Italian passenger and metro coach manufacturer Firema Trasporti SpA for an undisclosed amount, marking its foray into metro coach and high-speed manufacturing, according to a stock market disclosure. Some Bullet Points
MUMBAI: F&B Asia Ventures, a unit of private equity major Everstone Capital, is picking up a 50% stake in Massive Restaurants, a two-year-old company founded by Zorawar, son of celebrity chef Jiggs Kalra, people directly familiar with the matter said. The deal will see F&B Asia Ventures combining its Indian restaurants business with Massive under...
Mumbai: London-based Ping Pong Group, which runs a restaurant chain that specializes in dim sum, is set to enter India. Mumbai-based Mirah Hospitality will open the first Ping Pong outlet in December at the Bandra-Kurla complex (BKC) in Mumbai. Some Bullet Points
Private equity firm New Silk Route has acquired a majority stake in Mumbai-based café and restaurant chain, Moshe’s, which operates more than 10 outlets across three brands. Some Bullet Points
SACEF, a South Asia-focused SME fund managed by the Global Environment Fund (GEF), has invested Rs 75 crore in Nashik-based industrial control/test and measurement products company, Rishabh Instruments. Some Bullet Points
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