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Gurugram (Haryana) [India], February 12 (ANI/BusinessWire India): Somany Home Innovation Ltd (SHIL), a fastest-growing player in consumer appliances and a leader in building product business with 3 distinct distribution channels to the market today announced its financial results for the quarter ended December 31, 2020.
Somany Home Innovation Limited completes slump sale of water heater business
Posted On: 2020-12-31 00:20:49 (Time Zone: Arizona, USA)
The Board of Directors of Somany Home Innovation Limited ( Company ) had earlier approved the sale of water heater business undertaking (the WHBU ) being part of consumer product division of Company, to its wholly owned subsidiary M/s. Hintastica Private Limited (the HPL ) by way of slump sale through business transfer agreement.
The aforesaid business transfer agreement was executed amongst the parties on 2nd July, 2020. Pursuant to the satisfactory completion of all the conditions precedent (as agreed between the parties under the business transfer agreement), the parties have agreed to 31 December, 2020 as the Closing Date and the Effective Date of the transaction i.e. the sale of WHBU by the Company to HPL shall be effective from 31st December, 2020.
BGR Tech Excellence and Conclave Awards 2020
BGR India just held its Tech Excellence and Conclave Awards 2020, which was live-streamed today. This year’s edition saw a number of speakers and discussions on relevant topics. Also Read - Realme Buds Wireless Pro review: Best under Rs 5,000?
The panelists were: Mr. Rohit Chadda (CEO – Digital Publishing, Zee Group), Mr. Jubin Peter (Founder & Chairman – TreeView), Mr. Lokesh Suji (Director – Esports Federation of India), Mr. Durgesh Kaushik (India Head, Market Development, Snapchat), Mr. Dinesh Sharma (Business Head – Commercial PC and Smartphone, System Business Group, ASUS India), Mr. Nitish Singhal (Category Head – Consumer Personal Systems, India Market at HP), Mr. Vivek Yadav (Sr. VP – Havells India), Mr. Anku Jain (Managing Director – MediaTek India), Mr. Damandeep Singh Soni (VP Growth – Boat), Rajat Garg (Co-Founder and CEO, myupchar.com), Ruchira Jaitly (CMO- India, HMD Global), Gaurav Upreti
Updated: December 22, 2020 1:05 PM IST
BGR India organised its first-ever technology conclave where experts from across various industries converged on an online platform to discuss matters around how technology has been crucial in the fight against COVID-19, the role of affordable hardware in the continuation of education and its role in the job-hunting sector and also how IoT (Internet of Things) is shaping the future of smart homes. Also Read - BGR India crosses 10 million readers in June 2020: Registers 4.5x growth year on year
Session 1: Role of technology against COVID-19
We kicked off the Conclave with the first session on the role of technology in the fight against a deadly pandemic that wreaked havoc across the world. Also Read - BGR India: The break of dawn with a renewed focus and passion for technology