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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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Navayuga Plan To Sell Stake In Its Power Assets

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Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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