Ninjacart gets Walmart funds

Ninjacart, a business-to-business marketplace for agricultural produce, said on Monday it has raised $145 million (Rs1,095 crore) in a fresh round of funding from existing investor Walmart Inc. and its Indian e-commerce arm Flipkart. Ninjacart will utilize this capital for technology upgradation and better infrastructure to organize, empower and enhance the lives of agri-value chain … Read more

Kubota decides to buy fresh into Escorts. Promoters stay back.

There was a rumour few months back that Kubota will buyout Nanda family. What has instead happened is that Kubota has decided to invest fresh and become a joint promoter with Nandas. Key points to note – Kubota is investing Rs 1,873 crore into Escorts at a price of Rs 2,000/ share. As per regulations, … Read more

Avanti Feeds looking exciting

Avanti Feeds has been a significant under performer for last 4 years. The stock from a high of about Rs 1400 in November 2017 is currently trading at Rs 570 per share. Main reasons for this underperformance – Correction post euphoria of 2016-2017 wherein the stock had quickly multiplied by 6x within 1 year. Covid … Read more

Kubota of Japan rumoured to acquire Nanda’s stake in Escorts

Kubota Corp (KC) of Japan, an agriculture and heavy equipment firm is rumoured to be in discussions with the promoters (Nanda family) to acquire their stake in Escorts Ltd (EL). Key points to note – KC’s current mcap is around USD 27 bn and EL’s about USD 2.7bn. KC already owns 9.09% in EL – … Read more