If Snapdeal collapses, SoftBank will end up with egg on its face
Flipkart will be expected to use its freshly raised funds far more cautiously.
Idea’s shares have fallen 14% since the deal announcement.
Vodafone investors have been recommending an exit from India.
As if MakeMyTrip Ltd’s valuation wasn’t high enough, investors in the Nasdaq-listed company have taken it to far greater heights. The company reported higher-than-anticipated growth for the quarter ended December 2016, after which its stock rose by nearly 10%. MakeMyTrip’s market capitalization is now nearly $3.6 billion, based on the… Read more »
The fierce battle in the telecom industry is expected to result in a fair bit of M&A (mergers and acquisitions) activity in 2017. Regardless of whether companies move towards consolidation, it looks like there will be some asset sales, especially in the tower infrastructure space. While announcing its September quarter… Read more »
MakeMyTrip Ltd’s shares have corrected by around 17% after the initial euphoria around its purchase of Ibibo Group’s travel business subsided. Although they are still trading far higher when compared with the levels before the deal announcement, the toning down of expectations by investors is welcome. As pointed out earlier,… Read more »
Clearly, the e-commerce space never fails to surprise when it comes to valuations. Of course, valuations were most absurd in private transactions, although even there, investors have become a bit more cautious. But in public markets, valuations used to be far more sane.
Seven of BSE Ltd’s top 10 shareholders are selling large chunks of their stake in the exchange’s initial public offering (IPO). Three of them, including Singapore Exchange (SGX), are selling their entire holding, while the remaining are selling 40-50% of their holding. According to reports, they are likely to receive… Read more »
Thanks to this purchase, there is no major competitor left in the fashion and apparel segment. Flipkart now has a share of well over 50% in this market, largely through Myntra, which it acquired a little over two years ago, and Jabong.