Warburg-Mubadala is close to purchasing Indian pharmaceutical company Encube Ethicals for $1.8 billion
A consortium formed by Warburg Pincus and Mubadala is close to finalizing an agreement to buy a majority stake in Encube Ethicals in a deal that could value the Mumbai-based pharmaceuticals contract manufacturer at close to 24 times its projected FY26 EBITDA. The value is indicative of the injection of…
Sattva Group’s ₹11,000 Cr pipeline aims to redevelop Mumbai.
Bengaluru-based property developer Sattva Group is planning to enter the redevelopment segment in Mumbai. The company has planned six projects covering over 8 million sq ft area, including a gross development value of ₹11,000 crore, which have the potential to yield over 4,500 housing units. The projects will commence in…
Woolmark’s wool connect program in Tokyo improves trade ties between India and Japan
Woolmark is building stronger trade relationships between India and Japan for the wool trade through Wool Connect, which was held in Tokyo. The Woolmark Company has also strengthened its global supply chain partnerships with the launch of Wool Connect, which is a new B2B matchmaking program intended to connect Woolmark-approved…
TAJGVK Hotels pays ₹16 crore to acquire the majority of Taj Santacruz
In the deal, TAJGVK Hotels & Resorts will buy an additional 2.01% stake in Green Woods Palaces and Resorts, which runs the Taj Santacruz hotel, for ₹16.09 crores. This will help TAJGVK Hotels & Resorts raise its stake in Green Woods to 51%, thus making Green Woods a subsidiary. The…
