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Besides sweeping up dirt, Roomba vacuums that cost as much as $1,000 collect spatial data on households that could prove valuable to companies developing smart home technology.
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The combined business will operate under the InCred Finance brand name, with a $600 million balance sheet and a $300 million equity base. It will be managed by Bhupinder Singh, who founded the InCred Group in 2016.
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The Delaware trial is sure to be a spectacle but outsmarting the world’s richest man will be a challenge
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Of the total final votes, 99.7 percent of the equity shareholders, 100 percent of the secured creditors and 99.9 percent of unsecured creditors were in the favour of the deal, according to a vote count at the company's NCLT convened meeting on July 6.
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The company further stated that the balance 49 percent stake shall be purchased in a phased manner in five tranches, spread over the next five financial years'.
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Post the Blinkit acquisition, Zomato's losses will increase, delaying the visibility of profits. Therefore, conservative investors should exercise caution.
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The proposed combination involves the acquisition of up to 24.98 per cent shareholding of IIFLWM by BC Asia Investments X Limited, a notice issued by the anti-trust regulator said.
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BLS E-Services Limited, a wholly owned subsidiary of BLS, has carried out the proposed transaction. BLS International plans to extend and consolidate its BC business through this acquisition.
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ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.
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The European Commission said it did not have any competition concerns about the deal as there are no overlaps between the companies and the merged company would not have the ability to shut out rivals.
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Prakshep’s acquisition will help Arya.ag to boost its AI and ML capabilities for farm digitization, crop monitoring, quality assaying and surveillance
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RBL, a subsidiary of Reliance Retail Ventures, marked its first international foray by acquiring British toy retailer Hamleys.
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The planned merger is intended to result in cost savings, better alignment, coordination, and streamlining of the units' day-to-day operations, among other things.
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Infinity Learn has bought a 75% stake in WizKlub for $7.5 million, valuing the company at $10 million. The company has used its reserves to fund the transaction.
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Optimism on the deal comes from the group’s intent to create an integrated conglomerate across infrastructure verticals and also because the cement sector is poised for an uptrend
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The acquisition of Holcim’s assets -- Ambuja Cement, and ACC -- makes Adani Group the second largest player in the cement sector. With over 30 acquisitions since 2014 in different verticals and businesses, Adani Group has grown at a scorching pace through acquisitions and has become a dominant player in most of these businesses such as ports, airports, power, and others.
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Coromandel has acquired an equity stake in a Senegal-based rock phosphate mining company, adding to its backward integration efforts
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In today’s edition of Moneycontrol Pro Panorama: A ‘prudent’ IPO, TVS revs it up, WHO report touches a raw nerve, front running in crosshairs and more
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In today’s edition of Moneycontrol Pro Panorama: Valuation tangle for Tata Power, China fires a salvo, investing and acronyms, and more
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Post the merger, LTIMindtree will have aggregate revenues of around $3.5 billion, well short of Tech Mahindra’s $5.1 billion, and way out of the league of the big boys like TCS, Infosys, HCL and Wipro, among the home-grown IT majors
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Post-merger, LTIMindtree will be the sixth-largest Indian IT company
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The combined entity can target $100 million projects, currently largely restricted to frontline IT services companies
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The RBI on May 6 conveyed its “no-objection” to the company’s proposal for voluntary amalgamation of EHL with ESFBL subject to certain conditions.
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The combined entity "LTIMindtree" is expected to provide diverse strategic options and flexibility arising from cost efficiencies and synergies, said the companies.
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TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
