GSS Infotech’s wholly owned subsidiary — GSS Infotech Inc. has signed the share purchase agreement for acquiring 100% shares of Nexii Labs Inc., USA on October 12, 2018. Nexii Labs Inc., shall become a wholly owned step-down subsidiary of the company. Nexii Labs adds a strong capability in the area of Automation for GSS’s existing … Read more
Nitesh Estates has entered into an agreement to sell 100% stake in step down tier II subsidiary – Nitesh Pune Mall. The company has signed the agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL). NIRPL a 100% subsidiary through its step down subsidiary will exit the entire holding of this 1 … Read more
OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all continents. Appland AB is a … Read more
ZEE Entertainment Enterprises (ZEEL) and Reliance Jio Infocomm (Jio) have reportedly entered into an agreement. As per the agreement, Jio users will now get access to ZEE’s entire library of content. Jio users will also be allowed to download content. ZEEL is one of India’s leading television media and entertainment companies. It is amongst the … Read more
Glenmark Pharmaceuticals has executed business purchase agreement for transfer of the company’s API business to its wholly owned subsidiary — Glenmark Life Sciences on October 9, 2018. The transaction is expected to be completed in the next 2-3 months. Glenmark Pharmaceuticals is a global pharmaceutical company. The company is engaged in the development of new … Read more
HealthCare Global Enterprises’ (HCG) associate company — Strand Life Sciences has entered into an agreement to acquire the India medical diagnostics business of Quest Diagnostics, the world’s leading provider of diagnostic information services. The two companies will work together to manage the transition, and aim to close the sale by the end of first quarter … Read more
Kerala Ayurveda has signed a Joint Venture (JV) Agreement with Sanghvi Brands to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world. The company and Sanghvi Brands each shall hold 50% of the paid-up share capital of the JV Company. The joint venture will leverage the unparalleled Ayurveda expertise and credibility of Kerala … Read more
Sanghvi Brands has entered into a Joint Venture (JV) Agreement with Kerala Ayurveda to establish, manage and operate wellness resorts and wellness ayurvedic spas under the new brand name jointly agreed by the parties to develop Ayurvedagram Wellness Resorts and Ayurvedagram inspired Ayurvedic Spas across the world by way of forming a Joint Venture Company … Read more
Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be set-off against amounts due from … Read more
Sical Logistics and Giri Vidhyuth have entered into a share subscription agreement on October 04, 2018. Under the Agreement, the company has agreed to issue and allot 65,71,928 equity shares of the company on a preferential allotment basis to Giri Vidhyuth, at a price of Rs 195 per equity share aggregating to 128.15 crore. The … Read more
GEE has received an approval for transaction of Development Agreement which is to be entered between the company & Avion Crest Construction LLP. The Board of Directors of the company at their meeting held on October 04, 2018, approved the same. The Board has also given approval for transactions proposed to be entered between Anant … Read more
Government of Kerala has signed an agreement with Cochin Shipyard Limited (CSL) for construction of three(3) Marine ambulance boat for Fisheries Department. The agreement was signed by Shri N V Suresh Babu, Director (Operations) on behalf of CSL and Shri S Venkatesapathy IAS, Director, Department of Fisheries, at the Durbar Hall, State Secretariat, Thiruvananthapuram, on … Read more
The two military commanders reviewed the prevailing situation along the Line of Control and International Border in J&K during a conversation over the hotline at 6 PM. After that, the two armies issued identical statements saying both sides agreed to fully implement the 15-year-old ceasefire understanding. This comes a day after External Affairs Minister Sushma … Read more
To this end, the EU will launch intensive discussion at all levels with Iran in next few weeks, Mogherini said at a press conference following a meeting with foreign ministers of Britain, Germany, France and Iran. The discussion will focus on, among others, how to maintain economic relations and effective banking transactions with Iran in … Read more
The Centre has signed a loan agreement worth 200 million dollars with the World Bank for the National Nutrition Mission -POSHAN Abhiyaan.Ministry of Women and Child Development in a press release said, the loan will help in achieving its goal of reducing stunting in children upto 6 years of age from 38.4 per cent to … 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