Bharti Airtel acquired a strategic stake in the telecom sector in Lemnisk (Immensitas Private Limited) under Airtel’s Startup Accelerator Program. Both companies will work together to build the world’s largest CDP platform.
Dabur India: Gyan Enterprises Pvt Ltd and Chowdry Associates, the entities of the Barman family, who are part of the majority shareholders of Dabur India, have sold approximately 1% of shares through a block deal which was completed on December 20 2022. The purpose of this deal is to raise funds for financing some ventures in the private hands of the Burman family.
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On December 20 2022, Jubilant FoodWorks announced that the 20-minute delivery had been started in twenty zones across 14 cities in India.
Uno Minda announced that it has entered into a Technical License agreement with Asentec Co Ltd (Asentec) of Korea for Automotive sensors and actuators. To develop, design, and market wheel speed sensors and manufacture in India.
VIP Clothing sold its Umbergaon factory and raised 104.1 million. The capital rose by selling this idle asset will now be utilized in business at technology, production, marketing and innovation.
