Vedanta incorporates new arm Vedanta Star Ltd

Team Udayavani, Apr 26, 2018, 9:51 AM IST

New Delhi: Vedanta Ltd today said it has incorporated a wholly-owned arm Vedanta Star Ltd.

The company incorporated Vedanta Star Limited on April 23 with a paid-up share capital of Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each, Vedanta said in a filing to BSE.

Vedanta Ltd is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. 

Woohoo ties up with PhonePe

Digital gifting platform Woohoo has tied up with PhonePe, a move that will enable the users of the payments platform to purchase gift cards from over 150 brands across 25 categories on Woohoo.

Founded in 2015 by Qwikcilver Solutions, Woohoo.in is a digital store that allows consumers to choose gift cards of more than 150 brands across India.

“Our goal is to create a smooth and secure payment ecosystem that is conducive to all types of digital transactions be it wallets, UPI or debit/ credit cards,” said Pradeep Dodle, Head of Business Development at PhonePe.

“Our strategic partnership with PhonePe will fuel gifting via mobile phones and additionally give us an opportunity to welcome the 80 million PhonePe users on the Woohoo platform,” said Pratap TP, Co-Founder & Director, Qwikcilver.