Archives
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COUPONS 
August 28, 2019 Amazon to acquire 49% stake in Kishore Biyani’s Future Coupons
Mumbai: Kishore Biyani-led Future Group on Thursday evening said that American e-commerce giant Amazon.com is acquiring a 49% stake in a group entity — Future Coupons Ltd. “We have been informed by Mr. Kishore Biyani on behalf of the existing shareholders forming part of the promoter group and Future Coupons Ltd that they have entered into […]
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ELECTRONICS 
May 27, 2019 Electrical Switch Maker Salzer Electronics Buys 72.32% Stake In Kaycee Industries
MUMBAI: Coimbatore-based electrical switch maker Salzer Electronics Ltd on Friday said that it has agreed to acquire 72.32% stake in its peer company Kaycee Industries Ltd in an all cash deal, the company said in a statement. Salzer added that it will also make an additional offer to buy the remaining 26% stake in the company […]
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COUPONS 
March 3, 2019 Amazon may buy a stake in Future Coupons to bag Future Retail prize
Amazon is in talks to buy a stake in Future Coupons, a firm owned by Future Group promoter Kishore Biyani, to ensure that the global web retailer is in compliance with the amended foreign ownership rules that bar e-commerce companies from holding shares in entities selling on their platforms. The US-based online giant was earlier in talks to acquire […]
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NEWS 
August 8, 2016 redBus acquires majority stake in Peru-based Busportal
redBus offers services of over 2,300 bus operators across 70,000 routes in India. New Delhi: Ibibo Group-owned online bus ticketing platform redBus on Monday said it has acquired a majority stake in Peru-based online bus ticketing platform Busportal (Empresa Digital Peruana S.A.C.) for an undisclosed amount. This investment in Busportal.pe will give redBus an entry […]
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ELECTRONICS 
August 5, 2016 Government Invites Merchant Bankers For Hudco Stake Sale
New Delhi: Government has invited applications from merchant bankers to assist in carrying out the proposed disinvestment of Housing and Urban Development Corporation (Hudco). “The government of India is considering to divest 10 per cent paid-up equity capital of Hudco out of its shareholding of 100 per cent in the domestic market through initial public […]
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ELECTRONICS 
August 5, 2016 Centum Electronics Completes 51% Stake Buy In France’s Adetel Group
New Delhi: Centum Electronics on Wednesday said it has completed acquisition of controlling stake in France’s Adetel group. “The company has completed the activities with respect to acquisition of the French Adetel Group SA,” Centum Electronics said in a BSE filing. Last month, Centum Electronics announced acquisition of controlling stake in France’s Adetel group. “Centum […]
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NEWS 
March 30, 2016 Why Saama sold its Snapdeal stake
Photo: Pradeep Gaur/Mint How do you like the view?” asks a beaming Ash Lilani as he strides into the conference room at Saama Capital India Advisors’ Bengaluru office on a February afternoon. The “view” Saama’s co-founder is asking about is a trophy wall of sorts adorned with plaques that sport the logos of the venture […]
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ALL DEALS 
March 9, 2016 Apple, FBI Stake Out Conflicting Positions Before Congress
The US government calls it a “vicious guard dog” that hurts national security. Apple says it’s critical to protecting consumer privacy against increasingly sophisticated hackers. As the debate over built-in iPhone encryption has deadlocked in the courts, law enforcement and the world’s second-largest cellphone maker agreed on one point Tuesday: It’s now up to Congress […]
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NEWS 
March 4, 2016 RBI eases stake sale rules in start-ups
The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to […]
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NEWS 
March 4, 2016 Alibaba in talks to buy Flipkart stake
Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]
