As India’s premium personal care market witnesses a flurry of mergers and acquisitions, ITC Ltd is deliberately steering clear of the buying frenzy. While several fast-moving consumer goods (FMCG) companies are snapping up venture capital-backed, digital-first brands, ITC is choosing a slower and more selective path. The company believes that…
Tag: #MergersAndAcquisitions
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CCI Clears ChrysCapital-Led Acquisition of Nash Industries
The Competition Commission of India (CCI) has granted approval for the acquisition of a stake in Nash Industries (I) Private Limited by a consortium of private equity investors led by ChrysCapital Fund X, along with Two Infinity Partners and Blue Wave Investments Limited. The regulatory clearance marks a significant development…
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BP Offloads Castrol Stake in $8 Billion Strategic Shift
New Delhi: Global energy major BP has agreed to sell a majority stake in its Castrol lubricants business to investment firm Stonepeak, valuing the iconic brand at approximately $8 billion. The transaction marks BP’s largest single divestiture in recent years and reflects the company’s ongoing strategy to streamline its portfolio…