Sector: Ecommerce
Promoter continues to sell in EaseMyTrip
Nishant Pitti, one of the three promoters has decided to sell his balance 14.21% stake in the Company. He is expected to sell it @15.6/ share i.e., Rs 780 cr via block deal. The Current trading price is Rs 17/ share. Various Institutional Investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, … Read more
Jio IPO rumoured to be in 2025. Retail’s later.
As per speculation reports in most newspapers, Reliance is getting set for the telecom business IPO in 2025. Retail is rumoured to target later. Company has not officially confirmed this and has chosen not to respond. Telecom and Retail IPOs are much awaited developments from Reliance. In 2019, Reliance had informed to target for both … Read more
Zomato shuts ‘Legends’
Reshuffling of businesses continue at Zomato. After announcing the purchase of Paytm’s ticketing business, the Company has now shut down inter-city delivery service ‘Legends’ The service was suspended in April this year and was relaunched in July. The Company then had tweaked the model to deliver pre-stocked items from other cities with a shorter delivery … Read more
Zomato buying Paytm’s entertainment ticketing business
Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more
Piyush Goyal flays Amazon, unchecked ecomm
Commerce and industry minister Piyush Goyal on Wednesday alleged that Amazon’s proposed $1-billion investment in India is to compensate for its huge loss that “smells of predatory pricing,” and of no great service to the economy. He also questioned the impact of ecommerce on crores of small retailers. “Are we going to cause huge social … Read more
Reliance AGM today: What to expect
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Reliance Retail raises money from QIA at double the valuation in 3 yrs
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more