022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 29 February 2012

Rapid Nutrition To Acquire 74% Stake In Cheminnova Remedies

by Charmi Gutka
Rapid Nutrition To Acquire 74% Stake In Cheminnova Remedies
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Hyderabad based Chemminnova Remedies has entered into JV agreement with Australia based Rapid Nutrition Ltd.

According to the terms, Rapid Nutrition will acquire 74% stake in Cheminnova Remedies in next 18 to 24 months through a special purpose vehicle of the Australian company in India. This JV would facilitate in four areas - research, product development, manufacturing and marketing.


Incorporated in 2001, Rapid Nutrition produces and sells weight loss supplements in Australia. The company offers a range of meal replacement shakes and tablets, as well as appetite suppressants for weight management. The company has presence in Australia, US, European Union and West Asia.

IFC May Invest $15Mn In CapAleph Indian Millennium Fund

IFC May Invest $15Mn In CapAleph Indian Millennium Fund

IFC may invest upto $15Mn in CapAleph Indian Millennium Fund, a PE fund launched by ex - partner of India Value Fund Advisors, George Thomas.

Read More...

KSP Logistics Exits Gateway Distriparks

KSP Logistics Exits Gateway Distriparks

Singapore based 3Pl firm, KSP Logistics has sold its entire 3.38% holdings in BSE listed Gateway Distriparks for close to R123 Cr through an open market transaction.

Read More...