Create Post
India Inc Upbeat On Acquisitions, Mergers In 2022; Cement, Retail Sectors Retain Focus
Companies sought to enhance their positions in the industry through mergers and acquisitions. Future Retail, the flagship firm of Biyani's group, now has 13 companies, including Reliance Retail and Flemingo group, a part of the Adani group, in the race to acquire it through insolvency proceedings. In the pharma sector, promoters of Suven Pharmaceuticals, the Jasti family selling 50.1 per cent stake in the company for Rs 6,313.08 crore to global private equity investor Advent International in December was the major deal of the year. On the other hand, salt-to-software conglomerate Tata group launched its super app, Tata Neu, bringing all its brands on one platform as it sought to play a major role in the Indian e-commerce space dominated by the likes of Amazon and Walmart's Flipkart. The sale will happen on or after December 30 in one or more tranches. The year also witnessed the exit of media baron Subhash Chandra-led promoter family's nominee Jawahar Goel from the driving seat of Dish TV after shareholders of the DTH operator, led by Yes Bank, rejected a proposal to reappoint him as Managing Director. Source: NDTV
- 4
- 0
- ₹0
