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
Saregama India has invested in 100% capital of Saregama FZE, as a result whereof Saregama FZE has become a wholly owned subsidiary of the company. The object of the acquisition is to start a business of distribution of Music Player with FM and Blue Tooth and prerecorded songs in it viz. Carvaan, mini Carvaan, Music … Read more
Nerka Chemicals has bought 50,000 equity shares of UPL on October 05, 2018 representing 0.01% of the total shareholding in the company. After this acquisition, Nerka Chemicals’ shareholding is 10,23,92,927 equity shares representing 20.10% of the total shareholding in the company. UPL is global player of crop protection products has customer base in 123 countries. … Read more
Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North in Fedfina. Federal Bank is … Read more
Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and … Read more
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
