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  1. en.wikipedia.org › wiki › Eureka_ForbesEureka Forbes - Wikipedia

    Eureka Forbes was founded in 1982 as a 60:40 joint venture between Tata Group's Forbes & Company and Swedish manufacturer Electrolux. In 2001, Tata Group sold Forbes & Company to Shapoorji Pallonji Group and, four years later, Electrolux sold its 40% stake in Eureka Forbes to Forbes & Company.

  2. www.livemint.com › companies › newsAdvent acquires Eureka Forbes for ₹4,400 crore - Mint

    Sep 19, 2021 · American buyout firm Advent International has agreed to buy a majority stake in Eureka Forbes Ltd, the consumer durable flagship of Shapoorji Pallonji Group and a household name in the vacuum...

  3. www.moneycontrol.com › news › businessMeet Arvind Uppal, the new chairman of Eureka Forbes - ...

    Apr 27, 2022 · The Eureka Forbes board has selected Arvind Uppal as the chairman with immediate effect, the company said in a regulatory filing on April 26. The development comes after the new owner Lunolux...

  4. www.adventinternational.com › advent-international-to-acquire-controlling-stakeAdvent International to acquire controlling stake in Eureka ...

    Sep 19, 2021 · MUMBAI, INDIA, September 19, 2021 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has signed a definitive agreement with Shapoorji Pallonji Group (“SPG”) to acquire a majority stake in Eureka Forbes Limited (“EFL” or the “Company”).

  5. www.fortuneindia.com › enterprise › advent-buys-eureka-forbes-for-4400-croreAdvent buys Eureka Forbes for ₹4,400 crore - Fortune India 500

    Sep 20, 2021 · Advent International, one of the largest global private equity investors, has signed a definitive agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes Ltd. (EFL), known for its water purifier brand Aquaguard besides vacuum cleaners, at an enterprise value of ₹4,400 crore.

  6. www.hindustantimes.com › business › adventbuyseurekaforbes-for-4-400-croreAdvent buys Eureka Forbes for ₹4,400 crore - Hindustan Times

    American buyout firm Advent International has agreed to buy a majority stake in Eureka Forbes Ltd, the consumer durable flagship of Shapoorji Pallonji Group and a household name in the...

  7. qz.com › india › 2062163Why did Advent International buy India's Eureka Forbes? - Quartz

    Sep 21, 2021 · The American buyout firm announced on Sunday (Sept. 19) it has agreed to buy a nearly 73% stake in Eureka Forbes, a household name in the water purifier segment in India with its Aquaguard brand,...

  8. www.bloomberg.com › news › articlesAdvent to Buy Eureka Forbes for $600 Million Deal Value

    Sep 19, 2021 · Advent International has agreed to buy Eureka Forbes Ltd. from the Shapoorji Pallonji Group in a deal that values the maker of India’s ubiquitous water purifiers at 44 billion rupees ($600...

  9. www.livemint.com › companies › newsShapoorji Pallonji Group sells majority stake in Eureka Forbes...

    Sep 19, 2021 · “Pursuant to a scheme of arrangement, Eureka Forbes, a 100 per cent subsidiary of Forbes & Company, will be demerged into a standalone company and will be listed on the BSE.

  10. www.business-standard.com › article › companiesPE major Advent International buys majority stake in Eureka ...

    Sep 19, 2021 · Private equity major Advent International on Sunday signed an agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes at an enterprise valuation of Rs 4,400 crore.