Advertisements Bajaj Electricals has bought shares in Starlite Lighting for INR 60 Crore. For joint control and management rights, a cash consideration of INR 15Crore will be paid to outgoing promoters, Arvind Bharati and Ravindra Bharati. In addition, the company… Read More ›
Corporate M&A
After A $12 Million Buyback, Hike Exits WinZo
Advertisements Hike has exited WinZo after a $12 million buyback from the company. This gave Hike a 400% return on its investment it made in May 2019. The buyback comes after WinZo raised $13 million in addition from its existing… Read More ›
Private Lender Yes Bank Explores Bid For Citi’s Indian Retail Assets
Advertisements Yes Bank is set to join a list of suitors that are looking at a potential bid for the Indian retail assets of Citibank. It will be a part of the panel of investors looking to take a slice… Read More ›
Artificial Intelligence Firm Phonon To Be Sold For INR 29 Crore
Advertisements Route Mobile will acquire AI Phonon Communications Pvt Ltd in a cash-only transaction for INR 29 crore. The upfront amount will be paid out upon closing of the transaction, the deferred consideration will be paid later in a cycle… Read More ›
Children’s Retailer FirstCry To Launch $75-Million Investment Venture
Advertisements Firstcry will launch India’s largest Thrasio-style investment venture with $75 million in from investors such as ChrysCapital, SoftBank, TPG, and Premji Invest. The model is popularised by US-based company Thrasio, which is the globe’s biggest acquirer of third-party businesses… Read More ›
Indiamart To Buy 26% Of Shipway Technology Through Tradezeal, Invest In Truckhall
Advertisements Indiamart Intermesh has agreed to acquire 26% share capital of Shipway Technology on a fully converted basis. The transaction was done by Tradezeal Online Private, its wholly owned subsidiary. The company has agreed to acquire 4,088 Convertible Preference Shares… Read More ›