Tag Archives: buys

Madhu Jayanti buys Eveready’s packet tea business

The ₹390-crore Madhu Jayanti International, which is primarily into the manufacture and export of value-added teas, is looking to ramp up its domestic business with its recent acquisition. The company acquired Eveready’s packet tea business and its brands — including Tez Red, Premium Gold and Jaago — for ₹6 crore. The combined sales volume of these three brands is estimated… Read More »

Alibaba’s Ant Financial buys MoneyGram for $880m

Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users. The takeover by the Chinese group will need regulatory approval from the US Committee on Foreign Investment. The inter-agency committee reviews foreign acquisitions of… Read More »

HP buys Samsung’s $1bn printer business

US computer giant HP has struck a deal to take over Samsung’s $1bn (£750m) printer business. HP said the acquisition would help it to “disrupt and reinvent” the $55bn copier industry, a segment that “hasn’t innovated in decades”. It is buying a big printing presence in Asia, as well as Samsung’s laser printing technology and patents. The deal… Read More »

Titan targets e-biz, buys CaratLane

Titan Company Limited will acquire a majority stake in CaratLane, an online jewellery store strengthening its presence in the e-commerce segment, a top official said. “The acquisition (of CaratLane) will bring significant capabilities in the e-commerce space along with a brand, a customer segment and a business model that is very exciting,” said Bhaskar Bhat, Managing Director, Titan… Read More »