Future Group reportedly in final stage talks to acquire Vulcan Express
Kishor Biyani's Future Group is all set to acquire Jasper Infotech's Vulcan Express for about Rs. 50 crore in an all-cash deal.
Kishor Biyani's Future Group is all set to acquire Jasper Infotech's Vulcan Express for about Rs. 50 crore in an all-cash deal.
Snapdeal is reportedly selling its logistics arm Vulcan Express to Mumbai-based AllCargo for just ₹30 crore.
RoC filing reveals that Vulcan Express has issued 152,449,004 equity shares worth of ₹10 each to Snapdeal’s parent company Jasper Infotech.
Snapdeal is planning to layoff 600 employees in net few days in order to become India's first profitable eCommerce firm in next 2 years.