CG Power looking to hive off, sell its overseas assets
The manufacturer of power and distribution transformers is valuing its global assets at around $250 million. “CG Power has held talks with some Japanese and European companies for the same,” said a person with direct knowledge of the development.
GoHive raises Rs 2.5 crore from investors
With this funding, GoHive said it aims to double its current size and reach 5,000 seats within a ye...
Tatas want Voltas to be durable, plan to hive off its projects business
The Move is part of strategy to cut costs, boost efficiency by integr...
RIL to hive off oil-to-chemicals business into separate company in five years: RIL's PMS Prasad
With Saudi Aramco coming on board, a separate division catering to the O2C business will be carved out, said RIL's PMS Prasad.
Co-working spaces burn the midnight oil
Companies like GoWork, IndiQube, The Hive and Awfis are actively onboarding companies which work in night shifts to gain 24/7 occupancy.
Coworking startup, GoHive, to launch its biggest hub in Udyog Vihar
Startups including PeeSafe, Qandle, Wonk Apps and Nuvoretail are already a part of GoHive’s Udyog Vihar community.
Telcos forced to hive off assets, share network to bear costs of fiberisation: Crisil
Telcos saddled under a debt of Rs 4.3 lakh crore as of March 2019 will need investments of up to Rs one lakh crore only in laying fibre networks over the next 2-3 years.
Coworking company GoHive to double capacity by May
The company was founded in 2017 by Ahluwalia two other cofounders Saurabh Pratap Singh and Kumud Singh.
PayU India hiving off lending business as a separate entity
New entity will house ‘buy now pay later’ product LazyPay.
PhonePe to become a separate entity as Flipkart board approves hive off plan
Payments company looking to raise up to $1 billion in external capital; it’s not clear how much Flipkart will divest.
Hiving off tower and fibre assets to help Jio turn more profitable
“Hiving off capex-heavy tower or fibre assets into a separate company by telcos is an established and tested model to unlock value, both for the telco (read: Jio) as well as the hived off subsidiaries,” industry veteran and ex-Viom Networks CEO Syed Safawi told ET.
Reliance Jio to hive off fibre, towers into separate units
Jio’s move come barely a month after Vodafone Idea charted out its plans to demerge its fibre infrastructure business by transferring such assets to a wholly-owned unit, Vodafone Towers Ltd (VTL).
GoHive on expansion spree, launches 5th co-working space in Gurugram
With earlier spaces in Ghitorni, Sohna Road- Gurgaon, Gold Course Road- Gurgaon, GoHive is all set to launch its another shared space in Udyog Vihar, Gurgaon next month.
Apollo Hospitals pharmacy biz hive-off credit neutral: Ind-Ra
Apollo Hospitals Enterprise Ltd (AHEL) had said last month that the move was part of a restructuring exercise.
Apollo Hospitals to hive off retail pharmacy business into new company
Apollo Pharmacy (APL) will be a wholly owned subsidiary of Apollo Medicals. The listed parent company, Apollo Hospitals Enterprise will hold 25.5% stake in Apollo Medicals (AMPL) .
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service