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Mergers & Acquisitions | 2 April 2012

DMI Finance Acquires 16% In Alchemist ARC

by Irfan Khan
DMI Finance Acquires 16% In Alchemist ARC
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@DMI_Finance has acquired 16% stake in @Alchemist_Asset. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.

Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.

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Ad2c Acquires Gurgaon based Mobile Marketing Firm - Mobimasta

Ad2c has acquired Gurgaon based Mobimasta, a mobile marketing agency.

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Strides Arcolab Divests Stake In Biotech Project Stelis Biopharma To GMS Holding

Strides Arcolab Divests Stake In Biotech Project Stelis Biopharma To GMS Holding

Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.

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Private Equity in Fruit & Vegetable Processing AND Food FMCG
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