Allcargo Logistics Obtained 75% Of Fair Trade GmbH
A leading logistics company, Allcargo Logistics, picked up a 75 percent stake in the European rival Fair Trade GmbH for 12 million euros. The German company Gesellschaft mit beschränkter Haftung (GmbH) is valued at 16 million euros. The Mumbai-based company said in the statement that ━ “the acquisition is being carried out through its European…
SHAHID MUSHTAQ
SoftBank To Sell One-third Of Its Stake Via Block Deal
Japan-based SoftBank is to sell its stake of One97 Communication, owner of Paytm, worth $200 billion through a block deal on Thursday. BofA Securities, Bank of America, is the deal’s banker. SoftBank has offered to sell shares in the price band of Rs 555-601 single piece. At the lower end of the band, it is a…
Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line
Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control the majority of stake in a popular news channel New Delhi Television (NDTV). Hours after the announcement, NDTV issued a statement that the Adani Group’s move “was executed without any input from, conversation with, or consent of the NDTV founders. According to Adani…
Zomato Pick Up 16.66% Stake in Mukunda Foods
Zomato board on March 15 picked up a 16.66% stake in Mukunda Foods Private Limited for cash consideration of Rs. 37.5 crore. The acquisition will be made via a subscription of 13,289 convertible preference shares and 10 % equity shares. Zomato said in a regulatory filing, “We are glad to inform that our board of…