When Chennai-based Wedding Designer Ambika Gupta first received a brief for a destination wedding in Udaipur, she had no idea it would turn into one of the most high-profile celebrations of the season.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
Glenmark Pharmaceuticals on Thursday said it will sell a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,651.5 crore.
Ahmedabad-based Nirma group and leading private equity firms have joined the race to acquire BSE-listed Glenmark Life Sciences. The acquisition by chemicals-to-cement major Nirma, if successful, would be a major boost for the health-care segment of the group, on the lines of its successful entry into the cement sector following its purchase of Lafarge India's assets for about Rs 9,400 crore in July 2016. It later followed up by buying Emami cement assets for Rs 5,500 crore in February 2020.
'Growth for some companies has been hard to come by and this is a smart way to get there.'
Now with 13-14 million-tonne capacity, Nirma will emerge as a serious player in India's cement landscape.
Nirma has jumped into the ongoing cricket spectacle - IPL - as the principal sponsor for the Virat Kohli-led Royal Challengers Bangalore to raise awareness and recognition for the cement brands it acquired after its purchase of the erstwhile Lafarge India's assets in 2016
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
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The mascot has gone off air now, but not before helping the Gujarat-based detergent brand script the perfect win for an underdog in the eighties.
The farmers opposing cement plant of Nirma Limited in Mahuva taluka of Bhavnagar on Thursday rejected the company's offer to release 46 hectares of land in order to reach an amicable solution to the ongoing conflict.
Many see Nirma's Lafarge deal as some kind of second coming for the Patels.
BTech programmes from Nirma University
Karsanbhai Patel's risk-taking abilities are on display once again.
Nirma Ltd, facing opposition from local farmers for its upcoming cement plant in Mahuva taluka of Bhanvanagar, has proposed before the Gujarat High Court that it was ready to release 46 hectares of land to reach an amicable solution to the ongoing conflict.
Nirma Ltd informed the Bombay Stock Exchange that it would purchase Searles Valley Minerals Operations and Searles Valley Minerals Inc (collectively known as SVM) from US-based private investment firm Sun Capital Partners Inc and other minority shareholders. HSBC Securities and Capital Markets (India) Pvt Ltd advised Nirma on the acquisition of the natural soda ash manufacturer, while J P Morgan Securities Inc was advisor to SVM.
Reach out-of-court settlement on trademark violation.
The story of land allotment in Mahuva in Saurashtra, Gujarat, is sensational even in this season of scams because here the government allotted its land to a private party, Nirma, and the place allotted was actually a reservoir!
Nirma University Institute Of Management invites applications for Masters Of Business Administration (MBA) for the course beginning 2009.
Careers360 reviews Institute of Management, Nirma University, Ahmedabad and its courses.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
Nirma University's Institute of Technology opens admissions to its BTech programmes (2008).
The Gujarat government has given its green signal to Nirma Ltd's controversial cement plant in Mahuva.
Nirma University's institute of management has invited applications for a two-year MBA course in family and business entrepreneurship and its residential doctoral programme in management.
The Environment and Forests Ministry has put on hold construction of Nirma's 1.91 tonne per annum capacity cement plant, along with its captive power and coke oven plant near Padhiarka village in Bhavnagar district. It has sent them a show-cause notice, as to why its environment clearance of December 2008 should not be revoked.
Nirma Ltd has posted a net profit of Rs 643.10 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 531.70 million in the quarter ended December 31,2001.
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
All India Rank achieves a fine balance of authenticity and sensitivity in the fine portrayals of its young actors and old.
Voting for by-elections to seven assembly constituencies of six states, including Uttar Pradesh, Uttarakhand, Kerala, Tripura, West Bengal, and Jharkhand, started on Tuesday at 7 am.
Nirma detergent brand has shed its affordable tag for a more premium positioning against Surf, as rival Ghadi consolidates its position as a mass-market player.
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