Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. The Chinese e-commerce giant...
Carlyle Group sells 2.5% stake in Delhivery for Rs 607 crore
CA Swift Investments divested a 2.5 per cent stake in supply chain company Delhivery Ltd for Rs 607 crore through the open market transaction. CA Swift Investments is a special-purpose vehicle, owned and controlled by...
NCLT admits First Flight Couriers for insolvency
The bankruptcy court has admitted Mumbai-based First Flight Couriers under the corporate insolvency resolution process (CIRP) and appointed Indrajit Mukherjee as the company’s interim resolution professional (IRP)...
The bankruptcy court admits Pancard Clubs to insolvency resolution process
An insolvency court admitted Pancard Clubs Ltd to the Corporate Insolvency Resolution Process (CIRP) on Friday based on a joint petition filed by about 100 shareholders and appointed Rajesh Sureshcandra Sheth as interim...
SoftBank Vision Fund plans investment in GoMechanic
SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor’s smallest bets in India by its Vision Fund, which typically signs...
HP completes $3.3-bn acquisition of hybrid work solutions provider Poly
PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s...
Sequoia Capital pares stake in Zomato
Sequoia Capital India has pared its stake in Zomato Ltd by selling shares in the open market, joining Tiger Global, Uber and Moore Strategic Ventures among investors who have either fully or partially sold their...
Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus
Just Eat Takeaway shares jumped as much as 40% after the loss-making company boosted its finances by agreeing to sell its stake in Brazil’s iFood to technology investor Prosus for up to 1.8 billion euros ($1.8...
‘Would never acquire a loss-making business’: Ola CEO on merger with Uber
Amid reports of cab aggregator rivals Ola and Uber being in talks for a possible merger, Ola’s co-founder and CEO Bhavish Aggarwal said that there has been no such conversation and Ola’s ride-hailing business is very...
Tiger Global sells 2.34% stake in Zomato, sells 185 million shares
Zomato said investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 per cent by selling over 18.45 crore shares in the open market. Tiger Global’s Internet Fund VI Pte Ltd had a...
Uber sells 7.8% stake in Zomato via block deals
Uber Technologies exited its entire 7.8% stake in food delivery platform Zomato by selling 612 million shares through multiple block deals on Wednesday. The American mobility service provider raised around ₹3,088 crore...
Uber Technologies likely to sell 7.8% stake in Zomato through block deal
Uber Technologies is likely to sell its 7.8% stake in online food ordering platform Zomato through a block deal on Wednesday to raise up to Rs 3,300 crore ($420 million), according to a term sheet issued by BofA...
