Thomas Cook (India) has received an approval for acquisition of a 24% strategic stake in TravelJunkie Solutions, a Mumbai based travel tech start-up via its wholly owned subsidiary TC Tours. TravelJunkie Solutions developed Ithaka – a chat-based mobile application serving FIT (Free Individual Travellers) customers by recommending authentic local experiences for different destinations and helping … Read more
5/2/2018 – Global financial services major Allianz on Friday announced that it is going to fully acquire Janashakthi General Insurance Limited at an amount of 85.9 million euros (about US$106.4 million). Allianz forged an agreement for the transaction, which is currently subjected to regulatory approval, and expected to complete in the first quarter of 2018, … Read more
22/1/2018 – Singapore’s property portal 99.co announced that it has acquired UrbanIndo, one of the largest real estate platform in Indonesia for an undisclosed sum. The acquisition will see 99.co gain a bigger foothold in Indonesia as it adds UrbanIndo’s 1.2 million active property listings in Indonesia to its existing 150,000 active home listings in … Read more
SET-listed food and beverages firm Malee Group has made a 65 percent stake acquisition in Long Quan Safe Food Joint Stock Company for 332 million baht (about US$10.5 million). The acquisition is scheduled to be completed in the first half of 2018 and comes as part of Malee’s strategy to tap into overseas market as … Read more
Cloudaron Group, a cloud service company based in Kuala Lumpur has entered into an agreement with ASX-listed 8common Limited for the acquisition of its subsidiary firm realtors8, for SGD4.23 million (about US$3.2 million) The transaction is expected to be completed by the second quarter of 2018 where realtors8 will become a wholly-owned subsidiary of Cloudaron. … Read more
HealthCare Global Enterprises (HCG) has entered into definitive agreements providing for a business combination of its Triesta Sciences business unit (Triesta Sciences), with Strand Life Sciences, a company incorporated under the Companies Act, 1956. The company has entered into a Business Transfer Agreement (BTA), a Share Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA) with … Read more
Udaipur : Several displaced Pakistani Hindus staying in India for years had a big reason to rejoice today. 41 of them, staying in Rajasthan’s Udaipur district, were granted Indian citizenship today. These people had been trying to acquire Indian citizenship for the last 14 years. They maintained that situation in Pakistan has been continuously bad. … Read more
