Nitesh Estates has entered into an agreement to sell 100% stake in step down tier II subsidiary – Nitesh Pune Mall. The company has signed the agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL). NIRPL a 100% subsidiary through its step down subsidiary will exit the entire holding of this 1 … Read more
OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all continents. Appland AB is a … Read more
ZEE Entertainment Enterprises (ZEEL) and Reliance Jio Infocomm (Jio) have reportedly entered into an agreement. As per the agreement, Jio users will now get access to ZEE’s entire library of content. Jio users will also be allowed to download content. ZEEL is one of India’s leading television media and entertainment companies. It is amongst the … Read more
Glenmark Pharmaceuticals has executed business purchase agreement for transfer of the company’s API business to its wholly owned subsidiary — Glenmark Life Sciences on October 9, 2018. The transaction is expected to be completed in the next 2-3 months. Glenmark Pharmaceuticals is a global pharmaceutical company. The company is engaged in the development of new … Read more
HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services. The two companies will work together to manage the transition, and aim to close the sale by the end of first quarter … Read more
Kerala Ayurveda has signed a Joint Venture (JV) Agreement with Sanghvi Brands to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world. The company and Sanghvi Brands each shall hold 50% of the paid-up share capital of the JV Company. The joint venture will leverage the unparalleled Ayurveda expertise and credibility of Kerala … Read more
Sanghvi Brands has entered into a Joint Venture (JV) Agreement with Kerala Ayurveda to establish, manage and operate wellness resorts and wellness ayurvedic spas under the new brand name jointly agreed by the parties to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world by way of forming a Joint Venture Company … Read more
