Wednesday, Feb 19 2020 | Time 18:48 Hrs(IST)
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Business Economy


KDDL Ltd to acquire Estima AG

KDDL Ltd to acquire Estima AG

Mumbai, Dec 11 (UNI) KDDL Limited said that its Board of Directors of Company at its meeting held on December 10, 2018 has approved an agreement for acquisition of a Swiss Watch Hands manufacturing

Company named "Estima AG", Allerheiligenstrasse 30, 2540 Grenchen, Switzerland through its subsidiaries "Pylania SA" and special purpose vehicle "Kamla International Holdings SA".

The Target Company acquisition will help the Company to capture additional market share of customers in European market serviced by Estima.

The cost of acquisition will be Cash CHF 4,00,000 for 100 percent Shares.

The existing operations of Estima AG, Switzerland are Watch Hands manufacturing and revenue is in the range of CHF 2 million.

Estima was a competitor of the Company in the business of watch hands manufacturing.

Estima was established as a maker of watch hands in Switzerland in 1924. It was a leading supplier to Swiss and other European watch brands in the mid-priced segment and enjoyed an excellent reputation. However, over last 10 years, it was unable to keep up with market changes and lost market share leading to declining

turnover and mounting losses.

UNI JS SY 1258

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Social Finance Indias New CEO Shantanu Ghosh and Chair Ashish Dhawan to Deliver Social Outcomes at Scale

19 Feb 2020 | 6:07 PM

NEW DELHI, Feb 19, 2020 /PRNewswire/ - Social Finance Global Network (SFGN) and The Global Steering Group for Impact Investment (GSG) today announced that Shantanu Ghosh will be the new CEO and Ashish Dhawan the new Chair for the non-profit company. Social Finance India (SF-IND), part of the pioneering Social Finance Global Network and established with the support of The Global Steering Group for Impact Investment, is a catalytic impact investment intermediary designing products for improved social outcomes in India. In 2018, the initiative was incubated along with a marquee board and advisory council to oversee its operations.

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Business Doctors announces foray into Fund Raising through new vertical 'The Funding Doctor'

19 Feb 2020 | 6:02 PM

Hyderabad, Feb 19 (UNI) Business Doctors, a multinational business support company based out of UK, with presence in eight countries, providing mentoring to MSME business owners, on Wednesday announced its foray into advisory on Fund Raising through a new vertical “ The Funding Doctor’.

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Pocket52 announces association with Mobile Premier League

19 Feb 2020 | 5:59 PM

New Delhi, Feb 19 (UNI) Pocket52, India’s first cryptographically secure online poker platform, announced its association with Mobile Premier League (MPL), one of India's biggest mobile eSports platforms, launching online poker as a part of its diverse catalogue of online games.

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Rainbox Studios Acquires the Adaptation Rights of Legendary Poet-songwriter Sahir Ludhianvis Biography

19 Feb 2020 | 4:50 PM

MUMBAI, Feb 19, 2020 /PRNewswire/ - Rainbox Studios, a division of Rainshine Entertainment, announces the acquisition of the book adaptation rights for 'Sahir Ludhianvi: The People's Poet.' Penned by award-winning author, Akshay Manwani, and published by Harper Collins, the biography covers Sahir's enigmatic journey right from his dysfunctional childhood to the point where he became India's most celebrated songwriter. With superhit songs in classic films like Pyaasa, Naya Daur, and Phir Subah Hogi, his work is truly exemplary.

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Sensex rebounds 428 62 pts

Sensex rebounds 428 62 pts

19 Feb 2020 | 4:48 PM

Mumbai, Feb 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Wednesday posted a massive gain of 428.62 points to finish at 41,323 as buying was seen across the board amid positive global cues.

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