![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Pardeep Jain, promoter of Karbonn Mobile’s holding entity Jaina Group, and Vohra signed a letter of intent and non-disclosure agreement with Gionee Communication Equipment, parent company of the Chinese smartphone brand, for acquiring its 74% stake in Gionee India last Thursday in Hong Kong, the sources said. The balance 26% in the company is already with Vohra and his family.
The deal is likely to be closed in 2-3 weeks, the executives said. Emails sent to Vohra, Jain, Gionee India and the Chinese firm’s global sales director David Chang, who handles its India operations, did not elicit any response till Tuesday press time.
According to the sources, the Indian partners will have over 10 years of right to use the Gionee brand and, apart from an outright payment to Gionee for the brand licensing, they will also pay a royalty to the Chinese company.
They said Vohra and Jain have already indicated to trade partners that they will revive the Gionee brand before the festive season in October with feature rich yet aggressively priced smartphones that can compete against market leader Xiaomi.
The Chinese management at Gionee India is flying back, the executives said. Vohra was Gionee India’s CEO but stepped down last July when the Chinese firm decided to directly control the Indian operation. Chang was subsequently appointed to lead India operations but Vohra continued as executive director by virtue of his shareholding.
Executives said Vohra had earlier discussed the possibilities of taking over Gionee India with another Noida-based Indian handset maker, but talks did not fructify and Jaina joined the negotiation process.
\n\t
Once an aggressive brand with celebrity endorsers such as cricketer Virat Kohli, and actors Alia Bhatt and Shruti Haasan, Gionee India took a back seat in the past few months due to financial woes of its parent.
In January, a Chinese court had frozen Gionee chairman Liu Lirong’s 41.4% stake in the smartphone maker for a period of two years because the firm failed to pay a number of its suppliers, according to media reports.
As per estimates, Gionee currently has around 2-3% share in the Indian smartphone market and industry executives feel it may not be difficult for Vohra and Jain to revive the brand since it still has a connect with consumers and both the promoters are seasoned professionals in the mobile phone business.
While Vohra had launched Gionee in India in 2012 before the entry of other Chinese brands such as Xiaomi, Oppo and Vivo, Jain has been in the mobile distribution business since 1995 for brands like HTC, Samsung, Motorola and LG before starting Karbonn.
<\/body>","next_sibling":[{"msid":64752118,"title":"Reliance Jio records highest monthly subscriber-growth rate of 5.16% in April: TRAI<\/strong><\/b>","entity_type":"ARTICLE","link":"\/news\/reliance-jio-records-highest-monthly-subscriber-growth-rate-of-5-16-in-april-trai\/64752118","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"64756843","title":"gionee_bccl","entity_type":"IMAGES","seopath":"tech\/hardware\/karbonn-promoter-minority-shareholder-vohra-join-hands-to-buy-gionee-india\/gionee_bccl","category_name":"Karbonn promoter, minority shareholder Vohra join hands to buy Gionee India","synopsis":"The Indian partners will have over 10 years of right to use the Gionee brand and, apart from an outright payment to Gionee for the brand licensing, they will also pay a royalty to the Chinese company.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-199077\/64756843.cms?width=150&height=112","link":"\/image\/tech\/hardware\/karbonn-promoter-minority-shareholder-vohra-join-hands-to-buy-gionee-india\/gionee_bccl\/64756843"}],"msid":64757209,"entity_type":"ARTICLE","title":"Karbonn promoter, minority shareholder Vohra join hands to buy Gionee India","synopsis":"As per estimates, Gionee currently has around 2-3% share in the Indian smartphone market.","titleseo":"telecomnews\/karbonn-promoter-minority-shareholder-vohra-join-hands-to-buy-gionee-india","status":"ACTIVE","authors":[{"author_name":"Writankar Mukherjee","author_link":"\/author\/8447\/writankar-mukherjee","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/8447.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":8447,"author_name":"Writankar Mukherjee","author_seo_name":"writankar-mukherjee","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-06-27 08:15:19","lastupd":"2018-06-27 08:15:19","breadcrumbTags":["Gionee India","Smartphone","Gionee Mobiles","Arvind Vohra","Karbonn Mobile","Industry","Gionee"],"secinfo":{"seolocation":"telecomnews\/karbonn-promoter-minority-shareholder-vohra-join-hands-to-buy-gionee-india"}}" data-authors="[" writankar mukherjee"]" data-category-name="" data-category_id="" data-date="2018-06-27" data-index="article_1">
Pardeep Jain,促进Karbonn移动控股实体耆那教集团,和Vohra签署了意向书和保密协议金立通信设备、母公司中国智能手机品牌,收购其74%的股份金立印度上周四在香港,消息人士说。公司已经与平衡26% Vohra和他的家人。
这笔交易可能会在2 - 3周,关闭高管表示。电子邮件发送到Vohra, Jain,金立印度和中国公司的全球销售总监David Chang负责处理其印度业务,没有引起任何反应,直到周二新闻时间。
消息人士称,印度合作伙伴将有超过10年的使用权金立品牌,除了直接支付给金立品牌许可,他们也将对中国公司支付版税。
他们说Vohra和耆那教徒已经向贸易伙伴表示,他们将恢复之前的金立品牌节日期间10月与功能丰富而积极定价智能手机能够与市场领导者竞争小米。
中国管理金立印度坐飞机回去,高管表示。Vohra金立印度的首席执行官,但去年7月辞职当中国公司决定直接控制印度操作。Chang随后任命领导印度操作但Vohra继续为执行董事的股权。
高管表示Vohra此前讨论的可能性接管金立印度与另一个Noida-based印度手机制造商,但谈判没有结果实,吉安娜加入了谈判进程。
一次积极的品牌与名流如板球Virat克里,和演员艾莉雅Bhatt持续音和Haasan,金立印度在过去几个月里采取了后座由于母公司的财务困境。
今年1月,中国法院已经冻结了金立主席刘Lirong 41.4%的股份在智能手机制造商一段两年,因为该公司未能支付其供应商的数量,据媒体报道。
根据估计,金立目前约有2 - 3%的市场份额在印度智能手机市场和业内高管感到可能不是困难Vohra和耆那教的振兴品牌,因为它仍然有联系消费者和发起人都是经验丰富的专业人员在手机业务。
虽然Vohra以前2012年在印度推出了金立的其他中国品牌,如小米、同僚和体内,耆那教的自1995年以来一直在手机分销业务等品牌宏达电、三星、摩托罗拉和LG Karbonn开始前。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动