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Torrent to acquire JB Chemicals

Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals and Pharmaceuticals from global investment firm KKR, at an equity valuation of Rs.25,689 crore.

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JSW Paints to Acquire Akzo Nobel India

In a major consolidation move within India’s paints industry, JSW Paints Ltd has acquired up to 74.76% stake in Akzo Nobel India Ltd for a consideration of up to Rs.8,986 crore.

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Schloss Bangalore IPO GMP

Schloss Bangalore Ltd., the operator of Leela Hotels, has secured an 80-year lease on a prime commercial plot in Mumbai’s Bandra Kurla Complex (BKC) for Rs 1,302 crore, to develop a 250-key luxury hotel and a mixed-use project.

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