Tag Archives: Head Infotech
- India’s online gambling woes leave Clairvest Group with $9M net loss
August 16, 2017
Canadian private equity fund Clairvest Group has reported a net loss of C$11.6 million (US$9.1 million) for first quarter of fiscal 2018, courtesy of potential losses in its investment in Indian online rummy company Ace2Three. In April, the Toronto-based company and its partners acquired a majority stake in Head Infotech,...
- Canadian group in talks to acquire Indian rummy site Ace2Three
April 12, 2017
A consortium of foreign funds led by a Canadian private equity fund is reportedly negotiating to acquire Head Infotech Pvt. Ltd., which operates Indian rummy website Ace2Three.com. The deal will cost Clairvest Group Inc. and its foreign partners between INR590-650 crore (around US$90-100 million), according to GLaws.in's Jay Sayta, quoting...
Law panel leans towards regulating gambling in India
March 20, 2017
India’s Supreme Court taking another look at sports betting
April 28, 2017