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bill acker

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Azugs Inc which was a subsidiary of Danlaw Inc is now valued at 2 billion dollar why did Danlaw sell its stake and for how much did they sell where is the money and today Danlaw is not even 150 crore company can some one explain the need of selling and its benefits

12.20 AM Jan 26th

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Manojkumar Bhai

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10.10 AM Jan 26th

Price when posted : BSE: Rs. 272.00

Note :- Danlaw Inc USA and Danlaw Tech India are associate company not Subsidiary. Both are not related to each other uptil now where after aquisition of Danlaw electronic assembly, Danlaw inc usa is in a promotors group. Now, It can be true. A company named Azuga was formed in 2012 and included as a subsidiary in Danlaw Inc., USA. This Azuga business model could have been a great opportunity for Danlaw Tech India e.g., instead of forming a new company as a subsidiary of Danlaw Inc. USA, the same business opportunity could have been given to Danlaw Tech India. Azuga was in a lucrative tech business. Danlaw Inc. sold the majority stake to Sumeru, and later, Sumeru and its other stake holders, including Danlaw Inc. USA, sold Azuga for $390 million, i.e., approximately $3,000 crore, in 2018.

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Note :- Danlaw Inc USA and Danlaw Tech India are associate company not Subsidiary. Both are not related to each other uptil now where after aquisition of Danlaw electronic assembly, Danlaw inc usa is in a promotors group. Now, It can be tru...
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