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E Commerce

Delhivery Shares Jump 4.6% In Morning Trade


SUMMARY

The stock’s rally comes despite the company receiving a tax demand notice of INR 3.32 Cr from the Goods and Services Tax (GST) authorities in West Bengal

Just a day before receiving this GST notice, the company allotted over 8.2 Lakh equity shares under its various employee stock option (ESOP) schemes

Despite strong Q3 performance, the stock has dipped 13.60% at the previous closing price since its Q3 result announcement

Shares of logistics giant Delhivery surged as much as 4.6% during early trading hours on the…



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SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

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From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link