Carlyle acquires 4% in Edelweiss for R 86 cr
Private equity firm Carlyle Group bought a 3.85% stake in Edelweiss Financial Services Ltd from the open market last week. The PE firm bought the company's stock for `85.9 crore in a bulk deal, at Friday's stock price. This is Carlyle's second investment in a financial services firm in October. Earlier last month, the PE firm bought a 9% stake in India Info line Ltd.
Dabur to focus on volumes, net up 8.4%
Personal care and food products maker Dabur India Ltd plans to trade off margins for volume growth and market share as rising costs dented its profit growth in the second quarter.
“There is no point in damaging the long term potential of a brand by disproportionate pricing. You have to absorb the pain in the short term for a long term gain,“ chief financial officer S. Raghunathan said by telephone.
Dabur said its quarterly profit rose 8.4% to `174 crore, boosted by volume growth, price increases and cost efficiency measures. Sales rose 30% to `1,262 crore.(Source-: mintlive.com)
