New Delhi, Jan 12 (PTI) Diversified firm RattanIndia Enterprises on Wednesday announced a Rs 350-crore investment in its arm Cocoblu Retail Ltd to drive its e-commerce business. The company, which has presence in new-age sectors, including electric motorcycles, drone solutions and fintech, said this funding will be utilised by Cocoblu to develop its business including [...]
Mumbai, Jan 11 (PTI) Punjab-based beverages start-up Lahori has raised USD 15 million from Belgium-based consumer-focused investor Verlinvest for a minority stake. Lahori co-founder and Chief Executive Saurabh Munjal said the company will use the fund to double down on growth through offline and online expansion as well as to expand its retail presence apart [...]
New Delhi, Jan 11 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Tuesday disposed of a petition filed by the Department of Telecommunications challenging the Rs 2,962-crore takeover bid by Anil Agarwal's Twin Star Technologies for Videocon Industries. A two-member bench observed that the appellate tribunal earlier this month had already set aside the [...]
New Delhi, Jan 11 (PTI) Mumbai-based DB Realty Ltd has sought shareholders’ approval for its proposal to raise Rs 563 crore by issuing warrants to promoters and investors.In a regulatory filing, the company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal.The Board of Directors, in its [...]
New Delhi, Jan 11 (PTI) The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). "We reserve the order. All [...]
New Delhi, Jan 11 (PTI) Cybersecurity firm CrowdStrike Holdings Inc on Tuesday announced the launch of Falcon Fund-II, a USD 100-million investment vehicle, in partnership with Accel focused on cross-stage private investments within cybersecurity and relevant adjacent markets. Five times the size of the initial Falcon Fund, Falcon Fund-II represents CrowdStrike's commitment to growing the [...]
New Delhi, Jan 11 (PTI) Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB), replacing former bureaucrat from Gujarat, D J Pandian. The appointment of Patel will be effective from February 1, AIIB said in a statement. He [...]
New Delhi, Jan 11 (PTI) Home interiors company HomeLane on Tuesday said it has concluded an Employee Stock Option Plan (ESOP) buyback worth Rs 27 crore.This round was initiated as part of the company's recent series E investment of USD 50 million, led by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint [...]
New Delhi, Jan 11 (PTI) The Competition Commission of India (CCI) on Tuesday approved the acquisition of shares in Sutherland Global Holdings by Coral Blue Investment (GIC Investor Group). The proposed combination involves the acquisition of Series-C preferred stock convertible to common stock of Sutherland Global Holdings Inc in two tranches by the acquirer, according [...]
New Delhi, Jan 11 (PTI) GMR Infrastructure Ltd (GIL) has started trading at the stock exchanges as a pure-play airport sector company from Tuesday onwards, according to a statement. "GIL shares started trading today ex-GPUIL. This is post the demerger of non-airports business of GIL into GMR Power and Urban Infrastructure Limited (GPUIL)," the statement said. With [...]
