On 29th September 2014 Board of Directors of Strides Arcolab Limited (‘Strides’) and Shasun Pharmaceuticals Limited (‘Shasun’) announced that both companies have approved Scheme of Amalgamation between the two companies...
Flipkart infuses Rs 666 crore in Ekart.
Flipkart infused Rs 666 crore in Ekart through a Singapore-based group firm on January 21. This is Flipkart’s second fund infusion in seven months into the logistics business that’s housed under a newly...
Indian Oil ties up with start-up firm Fortigo
Country’s largest oil marketing company Indian Oil today announced its partnership with logistics start-up firm Fortigo, aimed at providing technology based solutions to small truck owners. Fortigo is funded by...
Tracking Speedy Delivery TCI – TCI Express Demerger
The board of Transport Corporation of India (TCI) has approved the demerger of its Express Distribution division undertaking into wholly-owned subsidiary TCI Express Ltd. XPS (Express) Undertaking is engaged in the...
Grocery delivery app PepperTap acquires Jiffstore
Online grocery delivery major PepperTap hopes to raise around $11 million (Rs 73 crore) by January-end, the company said on Monday. PepperTap has raised $4 million (Rs 26.5 crore) in venture debt from Innoven Capital...
Blackstone invests $170 million in Kerala-based IBS Software
Private equity (PE) firm Blackstone has committed $170 million (Rs 1,137 crore) investment in Thiruvananthapuram-based information technology services company IBS Software, for a minority shareholding. The PE major is...
Parsel to buy stake in ERP firm, raise funds by Jan
Mumbai-based logistics startup Parsel is acquiring a 30 per cent stake in an enterprise resource planning services company, SpiderG. The two companies have reached a revenue-sharing agreement. The financial details of...
Online ordering app Swiggy ties up with Burger King
MUMBAI: Swiggy, an online food ordering application, today said it has collaborated with hamburger chain Burger King, for a quick and seamless ordering experience. Swiggy will be the exclusive pan-India partner for the...
Wipro Acquires Denmark based Design Firm Designit
Country’s third largest software company Wipro, through its digital unit Wipro Digital, has acquired Denmark based global strategic design firm Designit for a consideration of about R594 Cr. Founded in 1991 by Mikal...
Foxconn Technology, Others May Invest In Greendust
Delhi based Reverse Logistics Company Pvt Ltd (RLC), which operates under the brand GreenDust, an e-commerce platform for refurbished goods, is planning to raise about R460 Cr ($65 Mn – $70 Mn). The company is in...
Nihilent Technologies Acquires Stake In Intellect Bizware
Pune based consulting and solutions integration company Nihilent Technologies, has acquired 51% stake in Mumbai-based specialist SAP consulting and services company, Intellect Bizware, for an undisclosed amount. The...
M&A Happenings: October 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals November 2015 September 2015 Agriculture – – Financial Services 1 2 Investments – – Information Technology 2 1...