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Central Railside Warehouse Company merged with Central Warehouse Corporation Taking another step towards implementing the direction of “Minimum Government Maximum Governance” given by the Prime Minister, promoting ease of doing business and bringing private sector efficiencies in Public Sector Undertakings, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved to merge and transfer all assets, liabilities, rights and obligations of ‘Central Railside Warehouse Company Limited’ (CRWC), a Mini-Ratna Category-II Central Public Sector Enterprises (CPSE) incorporated under the Companies Act, 1956 in 2007 with its holding enterprise ‘Central Warehousing Corporation’ (CWC). The merger will unify similar functions…
24 June, 2021
Merger and acquisition
Jio partnership with Facebook In a major boost to Reliance Jio, social media giant Facebook is investing $5.7 billion (Rs 43,574) in it, making Facebook its largest minority shareholder. The deal has been announced this morning, with Jio putting out a media note and Facebook talking about it on its official blog post. Jio said that the Facebook investment that it is receiving is the “largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. Facebook is investing $5.7 billion (Rs 43,574 crore) in Jio platforms.…
23 April, 2020
Merger and acquisition
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