Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Wednesday, April 15, 2009
Future Group to Buy 60% Stake in Ad Agency Dhar & Hoon
Three years after it snapped up hot-shot ad executive Santosh Desai, the Future group is further strengthening its ties with avdertising. The group will soon acquire a 60% controlling stake in creative boutique Dhar and Hoon. An agreement is likely to be signed next week. The acquisition will be made by group company Future Brands, which incidentally is headed by Santosh Desai. The new entity will be branded as D&H Blurb Communications.
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