KKR considers selling stake in India’s $3 billion JB Pharma
Wed, Feb 28, 2024 4:05 PM

KKR considers selling stake in India’s $3 billion JB Pharma

A Flip by Avya Verma
Get it on Google Play
KKR & Co. is exploring options including selling its controlling stake in India’s JB Chemicals & Pharmaceuticals Ltd. amid interest from potential buyers, according to people familiar with the matter.The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said, asking not to be identified.

More great flips

Godrej Agrovet and Provivi Join Forces for Sustainable Farming

Godrej Agrovet and Provivi Join Forces for Sustainable Farming

Godrej Agrovet Limited (GAVL), a food and agribusiness conglomerate, and Provivi, a global crop protection company, today announced a strategic partnership to provide sustainable pest management solutions specifically designed for Indian rice and maize farmers. “GAVL would be bringing sustainable solutions to India as part of this partnership.

Open Flip
A big Wall Street winner from Trump's bitcoin bump: BlackRock

A big Wall Street winner from Trump's bitcoin bump: BlackRock

BlackRock CEO Larry Fink was once a "proud skeptic" of bitcoin, but now his money management giant is emerging as one of the biggest beneficiaries of a post-election surge in enthusiasm for the world’s largest cryptocurrency. BlackRock’s spot bitcoin exchange-traded fund (IBIT) has swelled by $13 billion since Donald Trump’s win on Nov. 5, according to Yahoo Finance data.

Open Flip
CRED to sell Happay to MakeMyTrip

CRED to sell Happay to MakeMyTrip

On Monday, the travel agency MakeMyTrip declared that it has agreed to buy the Happay Expense Management Platform from CRED through a business transfer agreement. According to a news release from the company, the acquisition is consistent with MMT’s dedication to providing complete corporate travel and expenditure management solutions.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon