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RIL investment unit buys stakes in Grab, C-Square

NEW DELHI: Reliance Industries controlled Reliance Industrial Investment and Holdings(RIIHL), has picked up majority stakes in two companies, Grab A Grub Services and C-Square Info Solutions, the petroleum-to-retail-to-telecommunications conglomerate announced on Saturday. In two separate filings made to the Bombay Stock Exchange, RIL said that RIIHL has agreed to pay Rs 106 crore to acquire equity shares in Mumbai-based logistics platform Grab A Grub, and will invest an additional Rs 40 crore in the fouryear-old company. “(The deal) is likely to be completed by March 2021.The total investment will translate into about 83% of equity capital in…

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Logitech Buys Wireless Audio Wearables Maker Jaybird for $50 Million

Logitech on Tuesday announced it has agreed to acquire Salt Lake City-based Jaybird for approximately $50 million in cash. The company in a press statement added that an additional earn-out of up to $45 million is planned “based on achievement of growth targets over the next two years.” Jaybird is best known for its wireless audio wearables, focused on athletes and other active users. The acquisition will help Logitech cater to the wireless audio wearables market, rather than develop such products from scratch. The move is also being speculated to…

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