28.2 C
Delhi
Friday, April 3, 2020

COVID 2019 India Stats (Source: MohFW) as on : 03 April 2020, 09:00

2088
Active Cases
156
Cured / Discharged
56
Deaths

RIL acquires SaaS start-up NowFloats for Rs 141.63 crore

Today's Latest

Govt Advisory: Steps on how to make homemade mask to overcome shortage

Are you an apprehensive citizen wondering where to get your hand on a face mask? Office of the Principal...

[Hindi] तबलीगियों ने बेहूदगी की तमाम हदें की पार, अस्पताल में अधनंगे, अश्लील गाने गाए, नर्सों से छेड़छाड़

चारों ओर से कानूनी तौर पर घिर जाने के बाद भी देश भर में कोरोना को लेकर फैल जाने...

Tablighi super spreaders cause Covid-19 explosion in India

New Delhi, April 2 (IANS) The Tablighi Jamaat connection to coronavirus cases in India is exploding as these super...

Popular Today

[Hindi] तबलीगियों ने बेहूदगी की तमाम हदें की पार, अस्पताल में अधनंगे, अश्लील गाने गाए, नर्सों से छेड़छाड़

चारों ओर से कानूनी तौर पर घिर जाने के बाद भी देश भर में कोरोना को लेकर फैल जाने...

Important to stay fit & positive during lockdown: Gopichand

New Delhi, April 3 (IANS) National badminton coach Pullela Gopichand has said that it is important for people to...

Sanjay Dutt’s lockdown mantra: Eat well, stay healthy, keep exercising

Mumbai, April 3 (IANS) Actor Sanjay Dutt might not be in the gym but he is ensuring that he...
India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

RIL acquires SaaS start-up NowFloats for Rs 141.63 croreNew Delhi, Dec 13 (IANS) Reliance Industries Limited (RIL) on Thursday acquired a Hyderabad-headquartered Software as a service (SaaS) start-up named NowFloats Technologies for a cash consideration of Rs 141.63 crore.

“Reliance Strategic Business Ventures Limited (‘RSBVL’), a wholly-owned subsidiary of Reliance Industries Limited has acquired equity shares of NowFloats Technologies Pvt. Ltd. (‘Nowfloats’) for a cash consideration of Rs 141,63,78,822. The said investment represents 85 per cent holding in the equity share capital of Nowfloats,” the company said in a BSE filing.

- Advertisement -

RSBVL proposes to make a further investment of up to Rs 75 crore, subject to achieving agreed milestones.

The further investment is expected to be completed by December 2020.

Post the further investment, the shareholding of RSBVL will increase to 89.66 per cent of the equity share capital of Nowfloats.

“The investment will further enable the group’s digital and new commerce initiatives,” the filing added.

Founded in May 2012, NowFloats, as a SaaS company, enables digital presence for small and medium businesses (SMBs) and enterprises.

The firm reportedly offers local content discovery platforms, online business management suite, website promotion, and marketing solutions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

[Hindi] हेल्पलाइन पर कॉल कर लोग रसगुल्ला और पिज्जा की मांग कर रहे

लखनऊ, 31 मार्च (आईएएनएस)| अभी लॉकडाउन को नौ दिन हुए हैं और लोग अपने पसंदीदा भोजन के लिए तरस...

Defence ministry mobilises ex-servicemen in fight against COVID-19

New Delhi, April 3 (IANS) The Ministry of Defence (MoD) has mobilised services of ex-servicemen community of armed forces as a part of augmentation...

Indian economy to lose $4.64 bn daily during lockdown: Acuite

New Delhi, April 3 (IANS) The ongoing disruption caused by the spread of Covid-19 will have a significant economic consequence with estimates suggesting that...

[Hindi] तबलीगियों ने बेहूदगी की तमाम हदें की पार, अस्पताल में अधनंगे, अश्लील गाने गाए, नर्सों से छेड़छाड़

चारों ओर से कानूनी तौर पर घिर जाने के बाद भी देश भर में कोरोना को लेकर फैल जाने के आरोपी संदिग्ध तगलीबी यात्री...

Railways transported 7,195 wagons of food grains in 3 days

New Delhi, April 3 (IANS) The Indian Railways on Thursday said that in the three days it transported 7,195 wagons of food grains across...

More Articles Like This