Unnati Agri and Gramophone to merge in share-swap deal

Share via:


Agri tech platform Unnati Agri is in the final stages of acquiring its sectoral peer Gramophone in a share swap deal, according to two sources familiar with the matter. The proposed transaction, if completed, will create one of the largest agri-input companies in India.

“The deal between Unnati and Gramophone would bring significant consolidation in the agri-input space, which currently has only a handful of players,” said one of the sources requesting anonymity. 

As per sources, the proposed share swap structure is likely to be based on the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Unnati Agri and Gramophone to merge in share-swap deal


Agri tech platform Unnati Agri is in the final stages of acquiring its sectoral peer Gramophone in a share swap deal, according to two sources familiar with the matter. The proposed transaction, if completed, will create one of the largest agri-input companies in India.

“The deal between Unnati and Gramophone would bring significant consolidation in the agri-input space, which currently has only a handful of players,” said one of the sources requesting anonymity. 

As per sources, the proposed share swap structure is likely to be based on the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Humanoid robots take centre stage at Silicon Valley summit,...

Robots have long been seen as a bad...

Meta to acquire Chinese startup Manus to boost advanced...

Meta said on Monday it would acquire Chinese...

Apple files appeal in £1.5 billion case over App...

Battersea Power Station is home to Apple's UK...

Popular