Zuari Agrochemicals (ZACL) on Tuesday said it will sell its fertiliser plant and the associated businesses at Goa to Paradeep Phosphates (PPL) for an enterprise value of USD 280 million (over Rs 1,100 crore). The company s board, at its meeting held on Tuesday, approved the sale of its fertiliser plant at Goa and the associated businesses by way of a slump sale to PPL for a lump sum consideration (enterprise value) of USD 280 million, ZACL said in a statement. ZACL s Goa plant is engaged in the manufacture, distribution, imports and sale of urea, DAP and various grades of NPK fertilisers under the Jai kisaan brand, with a total installed capacity of 1.2 million tonnes per annum.
The Bodega Gets A Makeover
To the tune of $42 million.
Author:
To the tune of $42 million.
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In New York, they re bodegas. In Montreal,
dépanneurs. In Berlin,
spätis. One thing they’re definitely not known for is being high-end. But that might not be true for long.
Foxtrot, an upscale reimagining of the convenience store, has nabbed a $42 million Series B from a gaggle of culinary gods – Momofuko founder David Chang, Blue Hill co-owner David Barber and Sweetgreen co-founder Nicolas Jammet.
China Snack Food Market will be US$ 142.9 Billion by 2027. By Categories, Cities, Sales Channel (Traditional, Modern, Online, and Specialty Retail), Company Analysis, Forecast.
Shopify looking to raise $1.55 billion USD in stock offering, expands partnership with TikTok
Shopify is looking to raise more than $1.55 billion USD through the sale of its stock, as it continues to increase its partnerships with social media companies.
Shopify priced its offering Tuesday morning, with plans to sell 1,180,000 subordinate voting shares at $1,315 USD per share. The company expects the sale to pull in gross proceeds of $1,551,700,000 USD.
Having become one of Canada’s topmost valuable companies in 2020, Shopify is optimizing on the increase in demand for its product.
The offering also includes an over-allotment option for underwriters of an additional 177,000 shares. Underwriters for this deal are Citigroup, Credit Suisse and Goldman Sachs & Co.