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Wipro to buy Singapore consumer firm for $246 mn

India's Wipro group announced Friday its consumer care and lighting division was acquiring Singapore-based personal care products firm Unza Holdings Ltd for $246 million in an all-cash deal. According to a company statement here, the 100 percent takeover process will be completed by month-end. The deal will make the combined entity a force to reckon with across Asian markets in the personal care segment. 'The acquisition will double our addressable market size in terms of GDP. Unza has an excellent product range and a large portfolio of strong brands catering to Asian consumers,' Wipro consumer care president Vineet Agrawal said. […]

Blackstone, Goldman eye 49% stake in PTC Financial

Private equity firms Blackstone, Saloman Brothers and Goldman Sachs are reportedly eyeing the 49% stake that is up for grabs in PTC India's financial services arm, PTC Financial. The deal is likely to be worth around Rs1.5bn, according to a financial daily. PTC Financial is registered as a Non-Banking Finance Company (NBFC), and is a wholly-owned subsidiary of PTC India. It intends to provide financial services for power generation projects. […]