Friday, Jun 21 2024 | Time 23:19 Hrs(IST)
image
Business Economy


Capri Global buys 51 pc stake in CarLelo for Rs 150 crore

New Delhi, May 25 (UNI) Non-banking financial company Capri Global Holdings (Capri Loans) on Thursday said that it has acquired 51% stake in online car selling platform CarLelo for Rs 150 crore.
The company in a media statement said that the acquisition is a natural progression towards cementing Capri Loans commitment to customer convenience and its dedication to meet the
evolving needs of car loan customers nationwide.
"Through our partnership with CarLelo, we aim to cater to the ever-evolving needs and requirements of customers across the nation. Capri Loans recognizes this investment as an opportunity to foster the expansion of the burgeoning online new car sales market, all while prioritizing utmost convenience in terms of financing for customers and propelling forward cutting-edge solutions within the industry," said Rajesh Sharma, Managing Director & Founder, Capri Global Holdings.
With the fresh cash infusion, CarLelo is seeking to improve its presence, services and technology which will be utilized to acquire new customers.
"Capri Global Holdings Pvt Ltd’s investment serves as a resounding validation of CarLelo's vision to revolutionize the new car selling and buying experience for today's tech-savvy generation, ushering
in unprecedented transformations in the online auto sales market," said Car Lelo CEO Gaurav Aggarwal.
UNI NK BM
More News

Stock limit imposed on Tur, Chana to check hoarding & prices

21 Jun 2024 | 8:18 PM

New Delhi, June 21 (UNI) The government Friday issued an order imposing stock limits till September 30 this year on specific pulses applicable to wholesalers, retailers, big chain retailers, millers and importers to prevent hoarding and check prices of essential commodities.

see more..

N Sitharaman holds pre-Budget consultation with agri experts, MSMEs

21 Jun 2024 | 7:12 PM

New Delhi, June 21 (UNI) As part of pre-Budget consultation with stakeholders, Union Finance Minister Nirmala Sitharaman held meetings on Friday with representatives from farmer associations and agriculture economists.

see more..

HZL & AEsir Technologies join hands for developing Zinc batteries

21 Jun 2024 | 7:07 PM

New Delhi, June 21 (UNI) Hindustan Zinc Ltd (HZL) on Friday said that it has signed an MoU (memorandum of understanding) with US-based AEsir Technologies for developing Zinc batteries.

see more..

ONGC and Indian Oil sign pact to set up LNG plant

21 Jun 2024 | 7:00 PM

New Delhi, June 21 (UNI) State-owned energy majors Oil and Natural Gas Corporation (ONGC) and IndianOil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

see more..

Centre assures states & farmers to procure pulses (Tur, Urad & Masur) at MSP

21 Jun 2024 | 6:31 PM

New Delhi, June 21 (UNI) Centre on Friday assured the states and farming community to procure pulses – Tur, Urad and Masur, at Minimum Support Prices (MSP) to ensure crop diversification and achieve self-sufficiency in pulse production.

see more..
image