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ACQUISITION

December 31st, 2018 eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated. "...we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time...
ACQUISITION

December 25th, 2018 Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 35 crore).  In a regulator filing, the company said it has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain...
ACQUISITION

December 24th, 2018 A US subsidiary of business process management company Hinduja Global Solutions Ltd has agreed to sell several US nurse advice line service contracts to lnfomedia Group Inc. for $5.3 million (about Rs 37 crore). Health management solutions company HGS AxisPoint Health LLC has sold the contracts to Infomedia, which operates as Carenet...
ACQUISITION

December 21st, 2018 San Francisco based gaming software company called Zynga is reportedly acquiring a majority stake in Finland's SmallGiant Games which is the maker of the popular Android game Empires & Puzzles. This deal has been valued at$700 million, and is being basically done to strengthen its mobile game portfolio. This deal marks as...
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