Stake Financial News
14.12 / 22:57
stake
FDIC-run Signature Bridge Bank sells 20% stake of $16.8 billion real estate portfolio
(Reuters) — The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank.
14.12 / 17:17
14.12 / 17:10
Coca-Cola
Manufacturing
Healthcare
Whirlpool
information
reports
stake
Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore
Hero MotoCorp on Thursday announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is engaged in the business of designing, manufacturing, selling, servicing electric two wheelers.
14.12 / 14:43
Oil
equities
Occidental Petroleum
stake
Berkshire Hathaway adds to Occidental Petroleum stake with further $589m investment
Warren Buffett (pictured), chair of Berkshire Hathaway
12.12 / 15:25
BLOCK
WhatsApp
Experts
reports
recommendations
stake
Bain Capital likely to sell 1.1% stake in Axis Bank via block deal: Report
Bain Capital is likely to sell a minor stake worth Rs 3,700 crore in Axis Bank through a block deal on Wednesday, according to media reports. Entities owned by the private equity firm are likely to sell 3.34 crore shares, representing 1.1% stake in the lender. The floor price for the sale has been set at Rs 1,109 a share, a discount of about 2% from the current market price.
12.12 / 12:53
CEO
Fitch
Morningstar
2020
stake
Rogers sells $829-million Cogeco stake to Caisse to pare debt
Canadian wireless company Rogers Communications Inc. sold its stake in a rival telecommunications operator to Quebec’s largest pension manager, raising more than $829 million to repay debt in an effort to keep its investment-grade rating.
12.12 / 08:53
BLOCK
Progressive
Manufacturing
Experts
reports
recommendations
share price
stake
Sun Pharma share price declines as it revises bid to buy balance Taro stake
Sun Pharmaceutical Industries share price, having gained 56% in the last six months, declined 1.91% in intraday trades on Tuesday. Sun Pharma remains in focus over its plan to acquire 100% ownership in its US subsidiary Taro Pharmaceutical Industries. Sun Pharma, after having announced its strategic plan in May 2023 to acquire 100% ownership of Taro now has increased its bid to purchase the outstanding shares of Taro Pharma.
11.12 / 23:11
11.12 / 16:53
IPO
BLOCK
Experts
2020
reports
stake
3 PE firms looking to sell 5-6% stake in Mankind Pharma via block deals: Report
Mankind Pharma through block deals on Tuesday, according to news reports. Chrys Capital, Capital Group and Everbridge Partners are looking to sell 5-6% stake in the pharmaceutical major.
11.12 / 14:11
11.12 / 08:57
11.12 / 08:19
Digital
Align
Experts
outbreak
recommendations
stake
FMCG company GRM Overseas sells over 3% stake in subsidiary company to VC fund Sauce.vc. Share jumps
stock market exchanges about stake sale citing, "We wish to intimate that GRM Overseas Limited has sold more than 3 Percent stake in GRM Foodkraft Private Limited, a material subsidiary of the company to Sauce.vc (“Sauce"), a Consumer-Focused Venture Capital Fund." Also Read: Why Sensex surged over 2500 points in six straight sessions — explained Commenting on the investment Atul Garg, MD, GRM Overseas Ltd. said, “We are delighted to welcome Sauce.vc as a strategic investor.
09.12 / 13:29
Target
Fighting
economy
Occidental
President
country
stake
Future of Fossil Fuels at Stake in Homestretch of Climate Talks
DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas. Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels.
08.12 / 19:31
BLOCK
Pool
ADP
2020
reports
stake
GQG buys stake in GMR Airports Infra
GMR Airports Infrastructure Ltd witnessed a significant shake-up in its shareholding pattern on Friday. Rajiv Jain-led US-based boutique investment manager, acquired a 4.68% stake (282.8 million shares) in the company for ₹1,671.55 crore via a block deal on the exchange. The average price per share was ₹59.09.
08.12 / 18:07
FIVE
Remark
Matrix
stars
reports
stake
Peak XV, TPG Asia and Matrix Partners sell partial stake in Five Star Business Finance worth ₹1,656 crore
₹1,656 crore. TPG Capital, via its affiliate TPG Asia VII SF Pte, divested 89,07,493 shares of Five-Star Business, representing a 3.05% stake, at a rate of ₹730 per share. This transaction amounted to approximately ₹650 crore, as per bulk deals data on the National Stock Exchange.
08.12 / 17:51
Enterprise
WhatsApp
Experts
reports
recommendations
stake
acquires
GQG Partners bets Rs 1,672 crore on GMR Airports, acquires 4.7% stake
GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.
08.12 / 13:11
information
stake
LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%
Life Insurance Corporation of India (LIC) has decreased its shareholding in leading asset management firm HDFC Asset Management Company by buying additional shares via open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that it has decreased its shareholding in HDFC Asset Management Company (AMC) from 1,93,11,744 to 1,48,44,466 equity shares.
07.12 / 22:18
Provident
Waves
BLOCK
Fighting
Enterprise
Nov
stake
What to know about the Hall & Oates legal fight, and the business at stake behind all that music
After more than a half-century of making music together, Daryl Hall is suing John Oates over a proposed sale of his share of a Hall & Oates business partnership that Hall says he hasn’t approved
07.12 / 22:17
07.12 / 20:09
Platform
Strategy
Healthcare
President
performer
track
stake
Desmarais-backed Sagard buys stake in U.S. private equity firm, boosting assets under management to $25 billion
Sagard, an alternative asset management firm controlled by Quebec’s Desmarais family, is acquiring a strategic stake in Connecticut-based Performance Equity Management, boosting Sagard’s assets under management to more than $25 billion from around $15 billion.
07.12 / 16:33
BLOCK
Citigroup
stake
SoftBank arm to sell 1.1% stake in Zomato
MUMBAI : An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at Rs120.5 per share, as per the deal terms reviewed by Mint. That’s a discount of about 1.1% to Zomato’s Thursday closing price of Rs121.80 on BSE.
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