Nazara plans to acquire 55% of Dataworkz, a digital advertising company. Key points to note – Dataworkz was founded in 2013 by Senthil Govindan, an IIM Ahmedabad Alumnus. For the calendar year 2021, it reported Revenues of Rs 90.7 Cr and EBIDTA of Rs 11 crore. As the net profit number is not disclosed, very … Read more
Dixon is a leading contract manufacturer of consumer durables, home appliances, lighting, mobile phones and security devices for brands across the globe. and boAt is a leading home grown brand focused on the audio products. Both companies have now come together and formed a 50:50 Joint Venture (JV) to manufacture bluetooth enabled audio products. The … Read more
Hero already owns 34.8% of Ather Energy. The current investment of Rs 420 crore i.e, approx $56 mn by Hero is part of the ongoing bigger funding round. Actual stake to Hero in lieu of this amount would become clear once the round closes (expected by 30th April 2022). Key points to note – Ather … Read more
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries is investing $200 mn (approx Rs 1,500 crore) into Dunzo, a hyperlocal delivery new age business. Key points to note – $200 mn is part of the $240 mn round, wherein balance $40 mn is contributed by Dunzo’s existing investors including Lightbox, Lightrock, 3L Capital … Read more
The bank is making a $20 mn investment into Pine Labs (PL). Key points to note – In May-July 2021, PL was valued at $3.5 bn when it had raised $ 600 mn from reputed investors including Fidelity, Blackrock and others. Later in September it had raised another $100 mn from Invesco at an undisclosed … Read more
Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries is acquiring 100% of Faradion Limited (FL), a British battery maker specialising in sodium-ion technology. Key points to note – RNESL is investing 125 mn pounds in the transaction – 100 mn pounds for 100% acquisition of FL and balance 25 mn … Read more
The Company announced plans to invest in InoBat Auto (IA), a Slovakia based start-up focused on research and development of batteries for electric vehicles and production of lithium-ion battery cells as well as tailored and customs cells. Key points to note – IA was founded in 2019 and it’s 1st funding was a Euro 5 … Read more
The Company has informed incorporating a new 100% step subsidiary, Ten X Realty Ltd (TXRL) to undertake the real estate business. Key points to note – What is step subsidiary – subsidiary of a wholly owned subsidiary. What would the step subsidiary do – business of development / joint development of land and properties other … Read more
The announcement was widely expected. Earlier in September 2021, Company had already informed that it’s exploring such possibility. Besides the Company is also into consolidation mode and had recently decided to sell the non core HDFC Life. On the subject, Company has announced – “We have now planned to setup a multi-gigawatt lithium-ion cell manufacturing … Read more