Tag Archives: Businesses

LeEco Secures $600 Million in New Funding for Its Global, Electric Car Businesses

Chinese handset maker LeEco Tuesday said it has secured a $600 million funding from major Chinese institutional investors and has appointed Anthony Gao its president for Asia-Pacific region. “LeEco has secured $600 million (roughly Rs. 4,067 crores) of funding from major Chinese institutional investors today. The first half of the funding will be transferred to LeEco within this November and ... Read More »

Future Group To Acquire Heritage Foods’ Retail, Allied Businesses

Hyderabad: Kishore Biyani-led Future Group on Monday said it has signed a definitive agreement to acquire retail and allied businesses of city-based Heritage Foods Ltd in an all-stock deal. Heritage Foods, which currently owns 124 retail outlets under the brand name Heritage Fresh, will get a 3.65 per cent shareholding in Future Retail through fresh issuance of shares. “We have ... Read More »