Reliance Industries (RIL) and bp on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG-D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet approximately 15% of India s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and bp holds a 33.33% participating interest.
Infosys on Friday (18 December 2020) announced that it has divested one-third of its holding in Boston-based Whoop Inc for about $10 million. In 2015, Infosys had made a minority investment of $3 million in Whoop, which offers performance optimisation solutions for professional athletes and sports teams.
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Reliance Industries: Reliance and its partner BP on Friday announced the first gas from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. The two companies are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India’s gas demand by 2023.
PVR: The company will raise up to Rs 800 crore via equity.
Infosys: The company divested one-thirs of its holding in Whoop Inc for around $10 million. Infosys had made an investment in Whoop Inc. of $3 million in December 2015.
Infosys Shares Hit 52-week High; Stock Becomes 5th Stock To Cross Rs 5 Lakh Crore M-cap Mark moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Infosys announced that it had made a minority investment of US$3 Million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA.
With reference to the said investment, the Company would like to inform that it has divested 1/3rd of its holding for ~US$10 million.
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Infosys divests part of its stake in Whoop for USD 10 million
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Last Updated: Dec 18, 2020, 10:49 PM IST
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Synopsis
In 2015, Infosys had announced making a USD 3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.
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Infosys on Friday said it has divested one-third of its holding in US-based Whoop for about USD 10 million (about Rs 73.5 crore).
In 2015, Infosys had announced making a USD 3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company. The company had made a minority investment of USD 3 million during December 2015 in Whoop Inc, the human performance company headquartered in