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Competition Commission allows Tata Digital to acquire 64.3% stake in Big Basket IANS 29 April 2021
The proposed combination involves acquisition by Tata Digital Limited (TDL) of up to 64.3 per cent of the total share capital of SGS (on a fully diluted basis) through a combination of primary and secondary acquisitions, in one or more series of steps.
Subsequently, through a separate transaction, SGS may acquire sole control over Innovative Retail Concepts Private Limited (IRC).
The proposed combination will result in the acquisition by TDL of majority stake of and control over SGS.
Tata Digital Ltd (TDL) is a wholly owned subsidiary of Tata Sons Pvt Ltd, which is the ultimate holding company of the entities belonging to the Tata Sons group. ....
Tata Sons’ digital services subsidiary Tata Digital has infused debt money in online medicine startup 1mg. Tata Digital is in the final stages to acquire a controlling stake in the Gurugram-based company. As per regulatory filings, Tata Digital is picking up Rs 100 crore worth compulsorily convertible debentures or CCDs in 1mg, according to Entrackr, a platform that tracks tech companies. 1mg has allotted 29,054 CCDs at a price of Rs 34,417.87 per debenture to raise the sum. The firm has already received Rs 25 crore while the remaining Rs 75 crore will be infused at a later stage. The Entrackr report said Tata Digital’s investment has valued the eight-year-old firm at $240 million. ....
Read more about Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons on Business Standard. Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 2.08 billion ....
NEW DELHI: Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 208 crore. The administration and investment committee has approved the acquisition of 30 per cent equity shares in Conneqt Business Solutions Ltd in lieu of Rs 208 crore from Tata Sons Pvt Ltd, Quess Corp said in a regulatory filing. With this transaction, Conneqt will become a wholly-owned subsidiary of Quess, the company added. Quess had acquired 51 per cent of Conneqt in November 2017, and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019, via infusion of primary capital, which was used to fund the acquisition of ....
Quess acquires residual 30% stake in Conneqt from Tata Sons By IANS | 2 Views Quess acquires residual 30% stake in Conneqt from Tata Sons. Image Source: IANS News New Delhi, April 16 : Quess Corp has announced the acquisition of the remaining 30 per cent stake in Conneqt Business Solutions Ltd for Rs 208 crore, pursuant to the put option notice by Tata Sons Pvt Ltd. In a statement Quess said that with this transaction, Conneqt will become its wholly owned subsidiary. Quess had acquired 51 per cent of Conneqt in November 2017 and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019 through infusion of primary capital, which was used to fund the acquisition of Allsec Technologies Limited. ....