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Mergers & Acquisitions | 11 April 2013

Delhi Press Plans To Buy Man's World Magazine

by Pranav Puri
 
@pranav
Delhi Press is in talks to buy Man's World. Delhi Press is also interested in buying rights to publish Rolling Stone in India, Mint states.

Radhakrishnan Nair, editor of Man's World and Rolling Stone India said that since past 6 months they have been looking for investments from publishing house and private individuals to maintain their pace of expansion.

HDFC Life, Manulife Identified As Bidders For HSBC's India Insurance Stake

HSBC is selling its 26% stake in Indian insurance arm and it has received interests from notable bidders.

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La Opala To Raise Funds From WestBridge

La Opala RG Limited is raising INR 552.7 Mn by issuing 5,02,468 Equity Shares at a unit price of INR 1,100 on preferential basis to WestBridge Crossover Fund, LLC. Post the issue which is pending for shareholder consent, Westbridge will hold 4.53% stake in the company.

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