Mirah Hospitality has entered into a joint venture with Jiggs Kalra to set up three brands in the food chain business. Kalra will hold the majority stake. Gaurav Goenka, director, Mirah Group said, “We will be investing Rs 25 crore in the first phase of the expansion of this JV and another Rs 40 crore...

Kolkata: After many failed attempts, Kolkata-based GP Goenka group on Tuesday concluded a deal with Jaypee Development Corp. Ltd, a privately held unit of the Jaypee Group, to sell a controlling stake in Andhra Cements Ltd. Some Bullet Points

Impresario Entertainment and Hospitality Pvt Ltd, the Mumbai-headquartered company which runs a chain of fine-dining restaurants, has raised Rs 48 crore or $10.5 million from strategic investor Mirah Hospitality and Food Solutions Pvt Ltd and the existing financial investor Beacon India Private Equity. Some Bullet Points

Nashik-based Rishabh Instruments Pvt Ltd has acquired 85 per cent stake in Poland-based Lumel S.A. for an undisclosed sum. The acquisition will give Rishabh a platform to expand into the European markets and also increase its product offerings by bringing Lumel’s products into India and other Asian markets where it operates. Some Bullet Points

In its sixth deal since it set up shop two years ago, the Chennai-headquartered TVS Shriram Growth Fund has invested Rs 50 crore to pick up an undisclosed stake in Om Pizzas & Eats Private Ltd, the Indian franchisee of international chain of Papa John’s Pizza, Chili’s Grill & Bar and The Great Kabab Factory....