Acquisition to double market share in the over-3.5T commercial vehicle segment
The acquisition excludes NSEIT Limited's technology business, CL Educated stated.
While Agilitas did not disclose the size of the deal, it said Mochiko Shoes is a profitable company which manufacturers shoes for brands such as Adidas, Puma, New Balance, Skechers, and several others.
The company informed the bourses that it has completed the acquisition of the said brands under a deed of assignments it had entered into last year with Boehringer Ingelheim International GmbH, Germany
The acquisition comes days after the school edtech unicorn reported a net loss of Rs 397.1 crore in FY22, which was more than triple of its losses in the previous fiscal
SIBIA, a Kolkata-based advanced analytics and machine learning company, was founded by Angshuman Bhattacharya, who is the company’s CEO.
The company has arrived at the conclusion that its current structure is optimal and is commensurate with the present scale and its diversified lines of business.
The stock was trading 3.8 percent higher to Rs 2946.35 on BSE
Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary IoT stack, which includes hardware, cloud-based software and big-data analytics.
State-owned Indian Oil Corp (IOC) said it will acquire up to 50 percent stake in Adani Group-backed Mundra LNG import terminal in Gujarat for an estimated Rs 750 crore.
Aditya Krishna, managing director, Saksoft, says the deal is 100 percent cash deal and has been financed through internal accruals and some debt.
Vivek Chand Sehgal, chairman, Motherson Sumi Group, says a smaller deal is on the anvil.
Apple confirmed the acquisition but would not say why it bought the company, which specializes in analyzing Twitter data and providing insights into current sentiment on a variety of topics.