Deal Space | Shasun Pharmaceuticals, Blackstone, Minda
  • 6 years ago
Strides Arcolab to buy Shasun Pharmaceuticals
*An all stock deal
*Transaction valued at Rs 1,200 crore
*Shasun shareholders to 26% in merged entity
*Helps Strides Arcolab to in saving costs and assuring supply of drug ingredients

IDFC Alternatives sells two real estate investments to Blackstone
*Deal value estimated at Rs1,100 crore
*Internal rate of return generates is 22%
*IDFC Alternatives to focus on affordable housing segment
*Plans to launch a $500 million fund focused on affordable housing
*Another asset in Blackstone's portfolio after Vrindavan Tech Village and Express Towers

Minda increases stake in joint venture to 51%
*2% equity from its Japanese JV partner Furukawa Group
*Enters into a JV with Panasonic to manufacturing lead acid batteries.