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Mergers & Acquisitions | 29 November 2012

Global Retailer - Esprit To Exit India By Year End

by Vivek Singh
Global Retailer - Esprit To Exit India By Year End
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At a time when India opened up the gates of FDI into multi-brand and single brand retail, there comes Esprit’s plan to exit the Indian market by the end of 2012.

It operates in India through a distribution agreement with Madura Fashion and Retail, Aditya Birla Group’s lifestyle retailer, since 2005.

Esprit had been incurring losses of around R20-25 Cr per annum.

Accion's Frontier, Sama Capital & Existing Investors Invest In Shubham Housing

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Accion's Frontier Investments, Sama Capital and existing investors - Elevar Equity and Helion Venture Capital have invested $8 Mn in Shubham Housing Development Finance Company in second round of funding.

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Deutsche Securities sells Jubilant Life Sciences’ shares for INR122 crore

Deutsche Securities sells Jubilant Life Sciences’ shares for INR122 crore

Deutsche Securities Mauritius Limited has sold its 1.95 percent stake in Jubilant Life Sciences Limited, a global life sciences and pharmaceutical company, for just over INR122 crore. The sale of the stake was performed as an open market transaction, and purchased by Citigroup Global Markets Mauritius Pvt. Ltd.

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