{"id":3890,"date":"2019-06-15T08:14:00","date_gmt":"2019-06-15T02:44:00","guid":{"rendered":"http:\/\/udaen.info\/?p=3890"},"modified":"2019-06-15T08:14:00","modified_gmt":"2019-06-15T02:44:00","slug":"mm-picks-up-11-25-in-swiss-agri-tech-firm-gamaya","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=3890","title":{"rendered":"M&#038;M picks up 11.25% in Swiss Agri-tech firm Gamaya"},"content":{"rendered":"<div id=\"stickyBanner\" class=\"topImage stickyBar clr\"><a id=\"stickyBannerLink\" href=\"https:\/\/etapp.onelink.me\/tOvY\/1b647f9e\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"i-amphtml-fill-content i-amphtml-replaced-content\" title=\"Sticky App Download\" src=\"https:\/\/img.etimg.com\/photo\/67885009.cms\" alt=\"Sticky App Banner\" \/><\/a><a id=\"bannerClose\" href=\"https:\/\/m.economictimes.com\/markets\/stocks\/news\/mm-picks-up-11-25-in-swiss-agri-tech-firm-gamaya\/amp_articleshow\/69791318.cms#stickyBanner\"><\/a><\/div>\n<header 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href=\"https:\/\/m.economictimes.com\/markets\/stocks\/news\/articlelist\/2146843.cms\">News<\/a><\/div>\n<div class=\"clr\"><\/div>\n<article class=\"articleData\">\n<h1 class=\"artTitle\">M&amp;M picks up 11.25% in Swiss Agri-tech firm Gamaya<\/h1>\n<h2 class=\"artTitle2\">The company will pay 4.3 million dollars ( Rs 30 crore) to subscribe to 300 common shares and 30,469 series B preferred shares of Gamaya SA.<\/h2>\n<div class=\"byLine\">By\u00a0<a class=\"italic blue\" href=\"https:\/\/m.economictimes.com\/etreporter\/author-vatsala-gaur-479246182.cms\" target=\"_blank\" rel=\"author noopener\">Vatsala Gaur<\/a>,\u00a0<span class=\"ag\">ET Bureau<\/span>\u00a0|\u00a0<time>Jun 14, 2019, 07.07 PM IST<\/time><\/div>\n<div id=\"shareOptions\" class=\"social_links\">\n<ul>\n<li><\/li>\n<li><\/li>\n<li><\/li>\n<li><\/li>\n<li><\/li>\n<\/ul>\n<\/div>\n<p><a class=\"budgetButton with-border\" href=\"https:\/\/etapp.onelink.me\/tOvY\/4571612c\" target=\"_blank\" rel=\"noopener\">View in App<\/a><\/p>\n<div class=\"clr\"><\/div>\n<div class=\"clrfloat artImg\">\n<figure><img decoding=\"async\" class=\"i-amphtml-fill-content i-amphtml-replaced-content\" title=\"\" src=\"https:\/\/img.etimg.com\/thumb\/height-480,width-640,imgsize-129557,msid-69791311\/mahindra-reuters-1200.jpg\" alt=\"\" \/><\/p>\n<div class=\"imageAgencyName\">Reuters<\/div><figcaption class=\"imgCaption\"><\/figcaption><\/figure>\n<\/div>\n<div>\n<div class=\"artText\">Mumbai: Homegrown automaker Mahindra &amp; Mahindra&#8217;s\u00a0<a class=\"semibold blue\" href=\"https:\/\/m.economictimes.com\/topic\/farm-equipment\" target=\"_blank\" rel=\"noopener\">farm equipment<\/a>\u00a0sector (FES) has picked up a 11.25% stake in Swiss agri technology firm Gamaya SA in line with its strategy of making superior farming solutions easily accessible to the global farming community.<\/p>\n<p>The company will pay 4.3 million dollars ( Rs 30 crore) to subscribe to 300 common shares and 30,469 series B preferred shares of Gamaya SA. ICOS Capital, VI Partners and some existing investors also participated in the Series B funding round.<\/p>\n<p>&#8220;Our strategic association with Gamaya will enable us to develop and deploy next-generation farming capabilities such as\u00a0<a class=\"semibold blue\" href=\"https:\/\/m.economictimes.com\/topic\/precision-agriculture\" target=\"_blank\" rel=\"noopener\">precision agriculture<\/a>\u00a0and digital farming technologies. With this partnership, we expect to set new benchmarks in farming and its related services,&#8221; Rajesh Jejurikar, president of farm equipment sector at M&amp;M said in a release.<\/div>\n<div>Gamaya is a Switzerland-based company focused on providing crop-specific technology solutions for agriculture.<\/p>\n<p>\u201cAgriculture is a complex industry that is undergoing rapid transformation towards efficiency and sustainability. We are excited to have Mahindra as an investor and strategic partner to help Gamaya bring the benefits of advanced technology, including hyperspectral imaging and machine learning, to both industrial farmers and small holders around the world,&#8221; said Yosef Akhtman, CEO of Gamaya.<\/p><\/div>\n<\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>TOP NEWS News M&amp;M picks up 11.25% in Swiss Agri-tech firm Gamaya The company will pay 4.3 million dollars ( Rs 30 crore) to subscribe to 300 common shares and 30,469 series B preferred shares of Gamaya SA. By\u00a0Vatsala Gaur,\u00a0ET Bureau\u00a0|\u00a0Jun 14, 2019, 07.07 PM IST View in App Reuters Mumbai: Homegrown automaker Mahindra &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[11,14],"tags":[],"class_list":["post-3890","post","type-post","status-publish","format-standard","hentry","category-agro-farming-sector","category-investment"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"TOP NEWS News M&amp;M picks up 11.25% in Swiss Agri-tech firm Gamaya The company will pay 4.3 million dollars ( Rs 30 crore) to subscribe to 300 common shares and 30,469 series B preferred shares of Gamaya SA. 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