ET NEWS (18th-22nd October)
By: Nitin Kochhar
MBA 2C
PE stars may team up to buy 18% in
Hero Honda
• 3 leading US-based private equity firms – Carlyle,
Kohlberg Kravis & Rober...
Esprit to open franchise-based outlets
for retail push
• Esprit is considering franchise-based outlets to
enhance its reac...
GPCL to launch acquired brands in
India in 6 months
• Godrej Consumer Products Ltd.
• GPCL is undertaking to launch a few ...
DoT may allow Etisalat to merge with
Allianz Infrastructure
• Etisalat DB was earlier known as Swan.
• Telecom ministry is...
Micromax, Modu to launch 3.5G touch
phone
• Micromax announced an exclusive partnership with
Israel-based Modu to launch c...
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et news 18-22 oct

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et news 18-22 oct

  1. 1. ET NEWS (18th-22nd October) By: Nitin Kochhar MBA 2C
  2. 2. PE stars may team up to buy 18% in Hero Honda • 3 leading US-based private equity firms – Carlyle, Kohlberg Kravis & Roberts and Warburg Pinus are likely to acquire 15-18% in Hero Honda motors. • This can bring exit of Japan’s Honda completely from the country’s largest motorcycle company. • Honda is holding 26% share which is valued at around Rs 9300 crore.
  3. 3. Esprit to open franchise-based outlets for retail push • Esprit is considering franchise-based outlets to enhance its reach. • Eyeing to cross the mark of Rs 100 crore in retail turnover by the end of this fiscal. • It may consider sourcing the merchandise locally once its number of stores goes up. • Esprit has completed its 5 years in India.
  4. 4. GPCL to launch acquired brands in India in 6 months • Godrej Consumer Products Ltd. • GPCL is undertaking to launch a few of its acquired brands in India within the next six months. • GPCL acquired Nigeria’s personal care brand Tura, Indonesia’s household insecticide brand Megasari, two hair care firms – Issue and Argencos in Latin America and its partner Sara Lee from their joint venture in India.
  5. 5. DoT may allow Etisalat to merge with Allianz Infrastructure • Etisalat DB was earlier known as Swan. • Telecom ministry is likely to allow this merger, making its first acquisition among new telecom operators who were given licenses in 2008. • The current rules prohibit ale of promoter’s equity in telecom service providers for 3 years after bagging the licenses. • But both the companies applied for a merger before the new regulation came into force.
  6. 6. Micromax, Modu to launch 3.5G touch phone • Micromax announced an exclusive partnership with Israel-based Modu to launch co-branded ‘modu T’ phones in India. • ‘Modu T’ is a 3.5G touch phone with 2.2 inch screen and expandable memory up to 32 GB, priced at Rs 12,500. • The handset has been awarded a Guinness World Record for being the lightest touch screen mobile phone in the world.

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