Emtek Group News Today

Grab funneled an additional US$109 Million into GXS Bank through its wholly-owned subsidiary As-DB Holdings Pte Ltd.

-South Korean digital bank KakaoBank Corp said on Tuesday it would buy a 10% stake in Superbank, the Singapore Telecommunications and Grab-backed digital-focussed bank in Indonesia.... -October 09, 2023 at 07:51 pm EDT - MarketScreener

The move comes ahead of Superbank’s planned launch of its app to the public this year. Read more at straitstimes.com.

KakaoBank laid out plans to take a 10 per cent stake in Superbank, a digital-focused financial services company in Indonesia. 

The bankruptcy court has approved Ramkrishna Forgings bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer INR 125 crore to acquire JMT Auto, which has admitted financial liabilities of over INR 165 crore. This acquisition is seen as a positive development in the manufacturing sector and may lead to more acquisitions through the Insolvency and Bankruptcy Code (IBC).

Venture capital firm East Ventures announced that it has invested an undisclosed amount in Amili, a gut health startup based in Singapore.

GoTo plans to issue 118.43 billion shares in the private placement, representing a roughly 10% stake in the company.

A partnership with Vidio will bring Moonbug content to Indonesia while an agreement with O2 will launch a Moonbug Kids Channel in the Czech Republic. Moonbug Entertainment, a subsidiary of Candle Media, has announced a streaming partnership agreement with Vidio, the largest OTT service in Indonesia,

Besides Sampoerna Group, Grab has teamed up with Bukalapak and Emtek Group in onboarding warungs in Indonesia.

This edition also features Xendit's expansion plans and Cimory's latest fundraising.