Founder of Indiagames Limited Vishal Gondal, along with existing investors Cisco and Adobe are planning to buy back the stake in the company from UTV Software Communications Ltd for around$80- 100 Mn.
In 2006, UTV invested Rs. 68 Cr to acquire 51% stake in the company and later increased it to 58%, to enter into mobile gaming segment.
Transaction Reference: Business Standard
Shapoorji Pallonji Group has exited from Shapoorji Pallonji Biotech Park, located at Genome Valley in Andhra Pradesh, to US-based Alexandria Real Estate Equities Inc.Shapoorji Pallonji Group's lack of expertise in the technology-intensive ...
Rupert Murdoch controlled media firm, News Corporation has acquired Mumbai based BigDecisions, a financial planning portal. The financial details of the deal remain undisclosed.