Fri, Feb 2, 2024 9:36 AM
Share Market Live: GIFT Nifty indicates a positive start for domestic!
A Flip by Avya Verma
Venture Debt firm Alteria Capital on October 31 has announced a Rs 200-crore debt investment in Gurugram-based direct-to-home food essentials brand Country Delight as demand for fresh food delivery and quick commerce is increasing in the Indian market. This strategic funding comes at a time when Country Delight is preparing for significant expansion and an impending IPO.
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Zaggle Prepaid Ocean Services plans to raise ₹950 crore through equity shares and securities to fund strategic growth and operational enhancements, following a 112% revenue growth in Q1FY25 with a 10.7% EBITDA margin. The company also appointed a new Non-Executive Director and saw its shares close 0.3% lower at ₹439.
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Nazara Technologies saw its stock rise 4.2% to intraday high of ₹949.5 on the BSE, buoyed by its subsidiary Datawrkz acquiring 100% of UK growth marketing agency Space & Time. The acquisition, valued at approximately ₹52.3 crore in cash and stock, is expected to strengthen Datawrkz's growth across Europe and North America, positioning it as a significant player in the global digital advertisement.
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