- Tata-Comm to buy US-based Bit Gravity
- Reliance Brands in deal with Quiksilver
- New Sebi guidelines on overseas JVs
Tata-Comm to buy US-based Bit Gravity
Tata Communications Ltd on Tuesday said it has entered into an agreement to acquire US based Bit Gravity, which provides network for content delivery over the Internet, for an undisclosed amount. The terms of the transaction or the deal size were not disclosed.
On completion of the transaction, Tata Communications (Netherlands) will own 100% in Bit Gravity, which will operate as a wholly owned subsidiary of the former, Tata Communications said in a filing to the Bombay Stock Exchange.
In 2008, Tata Communications had entered into a strategic partnership with Bit Gravity for licensing content delivery network technology and federation of networks of both entities
Reliance Brands in deal with Quiksilver
Reliance Brands Ltd, a subsidiary of Reliance Industries Ltd, on Tuesday announced a long term license agreement with Quiksilver Holdings SARL, a subsidiary of US based outdoor sports lifestyle company Quiksilver Inc., to launch their brands Quiksilver and Roxy.
Through the association, Reliance Brands will bring apparel and accessories under the aforementioned brands to India , Sri Lanka , Nepal and Bangladesh
New Sebi guidelines on overseas JVs
The Securities and Exchange Board of India (Sebi) on Tuesday asked stock brokers and other intermediaries to disclose regulatory action, if any, against them while applying for opening a wholly owned subsidiary or entering joint ventures (JVs) in other countries.
“Details of regulatory action taken or initiated or pending, if any, against the applicant or group or associate entities or promoters or directors or key personnel or principal officer of the applicant company in India or abroad (is required),“ Sebi said.
Sebi also asked intermediaries to furnish details of registrations of the company and its group or associate entities in India