Indus Net Technologies, a Kolkata-based web counseling organization, has procured ERP arrangements supplier, InFluxERP, in a cash and stock deal for an undisclosed sum. Under the arrangement, the Influx group will join Indus Net Technologies Banking, Financial Services, and Insurance (INT BFSI) group.
InFluxERP was established in 2009 by Binay Das and Bharat Berlia. The organization was occupied with the matter of business and dispersion of budgetary items that included common assets, protection of life and non-life, stocks, subordinates, wares, purchaser account and so forth.
This deal has been done to reinforce the BFSI capacities and is in accordance with the organization's development procedure. This will also help Indus Net Technologies to convey the inventive computerized ability to the conventional back office answer for stock representatives. Through this deal, Indus Net Technologies has arrangements to make InFluxERP a pioneer in the back office vertical and later extend the item to alternate verticals too.
Singapore government-owned sovereign fund GIC acquires 50 per cent stake in Viviana Mall in Thane (Mumbai), for more than Rs 1,000 crore. It's been six months that GIC and Sheth Corp have been in talks for the same but the deal has been finalized recently. However, GIC is yet to make the payment.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.