Recently there has been a lot of tussle going on in between Zee Entertainment and Invesco (it’s largest shareholder with 17.88% stake). It started with Invesco requesting for an EGM to seek a major management reshuffle in mid September 2021, effectively taking the company out of promoter’s control. As Zee chose to ignore the request, … Read more
Reliance sprung another surprise on October 10, 2021 (Sunday) when it announced two strategic investments into it’s newly identified focus area – Solar Power. In the afternoon – 100% acquisition of REC Solar Holdings for an enterprise value of $771 million (Rs 5,800 crore) from China National Bluestar (Group) Co Ltd; and In the evening … Read more
Immediately after Future Retail announced the termination of agreement with 7-eleven, Reliance Retail announced a similar Master Franchise Agreement to launch 7-Eleven Convenience stores in India. Further interesting is the fact, that the 1st store is getting opened within the next 2 days, i.e., October 9, 2021 in Andheri East, Mumbai. Sequence of events clearly … Read more
Bombay Stock Exchange (BSE) is seeking regulatory approval to launch Electronic Gold Receipts (EGR) on it’s platform. Key points to note – EGR is consequent to announcement regarding spot gold exchange in this year’s budget. EGR would enable spot investing/ trading in gold that is allowed in many other countries. In India, presently one can … Read more
Govt has just announced the much needed relief for the telecom sector. Click here for the key announcements Telecom industry in general has been very appreciative of the announced measures. Sunil Bharti Mittal of Airtel in his usual style has been more expressive than the competition and has taken the opportunity to call for truce … Read more
Kotak Mahindra Bank (KMB) has agreed to acquire 9.98% in KFin Technologies Private Limited (KFin) for a cash consideration of Rs 310 crore. Funds will be infused directly into the company via fresh share issue. Key points to note – KFin was earlier known as Karvy Fintech. However, in December 2019 it renamed itself to … Read more
Tejas will supply, install and support it’s optical transmission products for extending Airtel’s optical networks towards the edge, supporting 5G, business-to-business (B2B) services and broadband applications. Key points to note – Tatas (through a subsidiary of Tata Sons) recently (July 2021) acquired a controlling 43.55% stake in Tejas for Rs 1,884 crore at Rs 258/ … Read more
Some key points for easy reference – Kinetic Engineering (KE) founded in 1972 is the same Company that had launched Luna Moped in 1975. It also had partnered (JV) with Honda and launched the famous Kinetic Honda Scooter in 1980s (was subsequently sold to Mahindra in 2008 who later wound it up). A company with … Read more
Jio partnered with Google last year to develop an ultra-affordable Android-based smartphone to address the mass Indian market that couldn’t shift to smartphone ecosystem due to unaffordability. (It’s also important to mention here that Google had simultaneously invested $ 4.5 bn into Jio for a deeper commitment to the overall Indian digital story) The phone … Read more