Stake Financial News

12.06 / 08:59

Blockchain Provident BTC Digital Bitcoin stake DeFi Technologies to Launch Validator Node and Stake $100M in BTC

Toronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC).

11.06 / 17:27

markets Aviat CEO Airlines Enterprise wellness hospital stake Rahul Bhatia sells 2% stake in IndiGo, to utilise proceeds for hospitality biz

₹3,360 crore.According to InterGlobe Enterprises statement, the proceeds will be used to expand its hospitality and other incubating businesses, as well as for general corporate purposes.The company confirmed that Bhatia will continue as a promoter and managing director of IndiGo, working with CEO Pieter Elbers to guide the airline's strategic direction.InterGlobe Enterprises will continue to remain the largest shareholder of IndiGo. As of March, the promoter group led by Bhatia held a 37.91% stake in the airline.

11.06 / 16:28

UPS CEO Airlines pandemic performer 2020 reports stake An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

11.06 / 14:41

Provident Manufacturing Software Enterprise Healthcare innovations Pharmaceuticals stake acquires NTT DATA Acquires Majority Stake in ProvenTech

NTT DATA Business Solutions AG, a company of NTT DATA and a leading global IT service provider focused on the mid-market and SAP, announces the acquisition of a majority stake in ProvenTech Pvt Ltd, Hyderabad, Telangana, India. ProvenTech is specialized in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to Pharma, Healthcare and Food industry, leveraging its own products, SAP© S/4HANA and other enterprise software. Founded in 2020, the company offers a unique and comprehensive portfolio including its own SaaS solutions, automation, integration and advisory services to meet the diverse needs of the pharmaceutical industry.

11.06 / 10:43

Target FIVE Manufacturing War stage exclusive reports stake Warburg Pincus front-runner for controlling stake in Ebco

₹3,500 crore.Geoffrey Nagpal and family, who own the company, may retain a minority stake and run the business for a short while after the sale, the people said on the condition of anonymity.“Warburg is the front runner. Multiples Alternate Asset Management has also reached the advanced stage and has bid alongside its limited partners (LPs) to acquire the controlling stake," one of the two people cited above said.Both Warburg Pincus and Multiples are planning to invest from their new funds closed recently.While Warburg is investing from its Warburg Pincus Global Growth 14 fund which has a $17.3 billion war chest, Multiples is investing from its $640 million fourth fund.

11.06 / 04:09

markets Citi Aviat Airlines Enterprise social reports stake Indigo Airlines share price down over 2% as Interglobe Enterprises plans to offload stake worth $394 million

₹4445.00 on June 11, at 9:25 am, on BSE. The company enjoys a market capitalisation of ₹1,76,105.16 crore as BSE.The sale's floor price is set at ₹4,266 per share, a 6.5 per cent discount from Interglobe Aviation's closing price of ₹4,562.55 on June 10.

07.06 / 18:39

UPS Provident BLOCK Digital Enterprise information stake Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore

private equity fund Blackstone may sell up to a 15% stake in the IT major Mphasis for an estimated value of Rs 6,697 crore ($803 million) through a block deal on Monday, according to deal term sheet reviewed by ET. This would be the second-largest block deal this year after British American Tobacco garnered nearly Rs 17,000 crore by selling a 3.5% stake in ITC. Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP TOPCO IX PTE, according to a BSE filing. Post the block deal, Blackstone's stake will drop to 40.4%, and will remain the largest shareholder in the company. The firm declined to comment on the stake sale.

07.06 / 15:17

markets Provident Election track reports Schools rights stake Sachin Bansal exits Ather Energy selling remaining stake to Hero MotoCorp, Nikhil Kamath

electric scooter maker Ather Energy. He sold a 2.2% stake to two-wheeler major Hero MotoCorp for Rs 124 crore, and the rest to Zerodha cofounder Nikhil Kamath. ET first reported on April 23 that Bansal was in talks to exit the EV maker.

07.06 / 07:17

markets UPS economy Research Trade Features stake Chris Wood of Jefferies cuts stake in 3 PSU stocks as PM Modi faces coalition challenge

Prime Minister Narendra Modi can operate effectively in a coalition government in his third term, Chris Wood of global brokerage firm Jefferies has shaved weightage of PSU stocks in his long-only India portfolio. The weightings in ICICI Bank, State Bank of India (SBI), REC and Coal India will be reduced by one percentage point each, while an investment in PolicyBazaar will be introduced with a 4% weighting, Wood wrote in his GREED & fear newsletter.

07.06 / 07:01

Blockchain solana GameStop Reddit Trade Celebrity show GME stake Roaring Kitty’s $586M GameStop Stake Sends GME Memecoin Soaring Over 100%

GameStop’s stock and an inspired meme coin surged Friday. It comes after retail trader hero Keith “Roaring Kitty” Gill shared the latest value of his GME portfolio on the r/Superstonk subreddit. He now holds over half a billion dollars in GameStop stock and call options.

06.06 / 19:03

markets CEO Fighting reports Schools Courts rights stake Prosus stake in Byju’s worth zero: HSBC

investment firm Prosus' nearly 10% stake in Byju's has no value, HSBC said, alluding to a deepening cash crunch and legal battles at the troubled Indian edtech firm.

05.06 / 02:35

CEO Entertainment show performer rapper 2020 Features stake Diddy sells off his stake in Revolt, the media company he founded in 2013

Sean “Diddy” Combs has sold off his stake in Revolt, the media company the rapper and entrepreneur founded over a decade ago

03.06 / 22:03

markets GameStop Reddit Trade show reports Videos roaring kitty stake 'Roaring Kitty' post seems to show trader held onto giant GameStop stake after Monday's rally

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03.06 / 14:53

markets Progressive Align Election Universities country stake Kalyan Jewellers to acquire balance 15% stake in Candere

Kalyan Jewellers India on Monday announced the signing of the definitive agreement with Rupesh Jain, founder of www.candere.com (Enovate Lifestyles Pvt. Ltd) to acquire his residual 15% in Candere, a subsidiary of Kalyan Jewellers. This stake acquisition for consideration of Rs. 42 crore will result in Candere being a wholly owned subsidiary of Kalyan Jewellers, as it pivots from e-commerce to omni-channel commerce.

02.06 / 10:25

Bitcoin Miner stake acquires Tether acquires $100 million stake in US-Listed bitcoin miner Bitdeer

Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional $50 million in shares within a year. The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday. Cantor Fitzgerald & Co. acted as the placement agent.

31.05 / 13:39

IPO CEO Bill Trade social reports stake Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day

Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.

31.05 / 10:27

UPS Provident BLOCK Platform security Trade stake Large investors sell up to 5% stake in CarTrade for Rs 200 crore

institutional sellers have sold up to a 5% stake in CarTrade Tech, a multi-channel auto platform company, on Friday for a consideration of around Rs 200 crore ($24 million) through a block deal, according to a source familiar with the matter. ET has learned that some of the institutional investors had placed around 2.2-2.3 million shares of the company on the block. Axis Securities was the banker to the trade. An email sent to the company and Axis Securities remains unanswered as of press time.

31.05 / 09:53

markets UPS Citi CEO reports Schools stake Infra.Market sells 7% stake in subsidiary RDC Concrete for Rs 166 crore

Infra.Market on Friday said it has sold a minority stake in its subsidiary RDC Concrete for $20 million (about Rs 166 crore) in a round led by Zerodha co-founder Nikhil Kamath. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.

30.05 / 14:27

markets FIVE BLOCK Manufacturing Citigroup PRU stake TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal

TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore.

30.05 / 12:21

CEO Football wellness stake Red Bull adds to soccer portfolio by buying minority stake in English club Leeds

Red Bull has bought a minority stake in English soccer club Leeds in a deal that will also see the energy drink company become the team’s shirt sponsor next season

30.05 / 04:03

UPS IPO FIVE BLOCK Manufacturing security stake TPG Asia to sell entire stake in RR Kabel via Rs 957 crore block deal today

TPG Asia is selling its entire stake in wire and cable manufacturer RR Kabel through a block deal on Thursday to raise Rs 957 crore ($114.9 million), according to a term sheet reviewed by ET. TPG Asia holds a 5% stake in the company as of the end of March 2024, according to BSE filings. The PE firm acquired a 21% stake in RR Kabel five years before the IPO that was launched in the second half of 2023, and since then, it has been consistently pruning its stake.

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