Tag Archives: Stake

Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions

New Delhi: The Competition Commission on Tuesday said it has approved Nippon Express’ acquisition of 22 per cent stake in Future Group’s logistics arm Future Supply Chain SolutionsNSE -0.82 % Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of ... Read More »

Nippon Express acquires 22% stake in Biyani’s Future Supply Chain Solutions

The transaction, valued at ₹641 crore, will be used to fund FSC’s growth plans Japan’s Nippon Express has acquired a 22 per cent stake in Kishore Biyani’s Future Supply Chain Solutions Ltd (FSC) for ₹641 crore as the logistics company looks to tap into the rapidly-growing Indian logistics market. As part of the deal, Nippon Express has bought the 14.6 per cent ... Read More »

Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on information from an unnamed source alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, ... Read More »

Apple, FBI Stake Out Conflicting Positions Before Congress

The US government calls it a “vicious guard dog” that hurts national security. Apple says it’s critical to protecting consumer privacy against increasingly sophisticated hackers. As the debate over built-in iPhone encryption has deadlocked in the courts, law enforcement and the world’s second-largest cellphone maker agreed on one point Tuesday: It’s now up to Congress to set boundaries in a ... Read More »

Strategic Stake Sale Policy Soon: Secretary

New Delhi: More than a decade after privatisation of PSUs was scrapped, the government will very soon come out with a comprehensive policy for strategic stake sale that will detail the mode as well as valuation methodology for outright sale of even profit making companies. The previous NDA government led by Atal Bihari Vajpayee had between 1999 and 2004 privatised ... Read More »