Ranbaxy staff get pay-cut shield in Sun buyout
The agreement agreed to by Sun Pharmaceutical Industries for a buyout of Ranbaxy Laboratories from Daiichi Sankyo provides for a year's 'cooling period' during which the pay of Ranbaxy employees cannot be lowered, it is learnt.
Kalyan Jewellers raises Rs 1,200 cr from Warburg Pincus
Kerala-based jewellery manufacturing and marketing firm Kalyan Jewellers has raised Rs 1,200 crore from Private Equity firm Warburg Pincus, which is claimed as the largest private equity investment into the jewellery manufacturing and distribution industry.
CavinKare forays into organised retail business
Fast Moving Consumer Goods major CavinKare has announced its strategic entry into the organised retail business by launching retail outlet - Cavin's Parlour.The retail outlets, which would sell its products which are under dairy, beverage, snacks and foods segments, would also serve as stockist for nearby retail stores, said the company.
Warburg Pincus set to invest $200 million in Kalyan Jewellers
US private equity firm Warburg Pincus LLC has agreed to buy a significant minority stake in Kalyan Jewellers for about $200 million, five sources with knowledge of the transaction told Reuters on Monday.
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