Current Affairs 13 January 2017

Current Affairs
   13 January 2017 Current Affairs

Proptiger and announced the merger and January 10, 2017, the two companies announced a merger. It will usher in the online realty service sector integration and reinforcement.

After the merger online real estate service providers in the country will become the largest company. The two companies decided to promote service with real estate in the country currently has in the region in view of the ongoing recession.

Highlights of the merger:

The new joint company markets to 5.50 million (about Rs 375 crore) investment target of raising the set. Saftbank Nugcarp support and the support of housing.
According to a release issued by the company after the deal to be a joint venture will invest USD 5 million in the Aria Group Limited.
Dot Com, a subsidiary of Housing Safatbank Group Corp will invest USD 50 million.

News Corp chairman's post to:
Praptiger remains the largest shareholder. Nugcarp 61.6 percent stake in the Aria Group.
After the merger of the two companies in the joint venture to become a representative of the Board will be included in Aria and Softbank.
The company will close its chairmanship Nugcarp.

Dhruv Aggarwal CEO:

Praptiger co-founder and CEO Dhruv Aggarwal will be appointed CEO of the new company. CEO Jason Kothari February was retained as a consultant in the new joint venture. CEO Jason Kothari Kakrne seek new opportunities in the Internet sector has announced.
After the merger, the new joint venture prop Tiger, housing and houses dot com dot com all the support and strength of will. The customers will experience better in the real estate sector.

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