Stake Financial News

(Reuters) — Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (ASX:LTR) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday.

PB Fintech which operates the online platform Policybazaar witnessed a block deal in the pre-opening session where Japan’s SoftBank Group is likely to have sold over 1.14 crore shares (2.5% equity) at Rs 762.80 per equity share taking the deal size at Rs 871.21 crore. The information was updated on the NSE though it did not reveal the buyer and seller. The stock fell 0.75% to the day's low of Rs 761.20 on the NSE.

Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people privy to the development told ET. «There has been a lot of movement in the discussions between the two companies in the past few weeks,» one of the people said. The Singapore government-owned company wants to sell its stake at a valuation of over $1 billion, another person said. This is far less than the $2 billion valuation that another stakeholder, Walt Disney Co, was eyeing in 2021. «At one point, the Tata Play shareholders were looking at a valuation of close to $3 billion,» this person added. Temasek said it does not comment on market speculation.

True North has agreed to invest $75 million for a minority stake in US-based digital transformation solutions provider iLink Digital. The investment, made by True North’s $600-million (around Rs 4,200 crore) Fund VI, is aimed at expanding iLink Digital’s organic and inorganic growth in the IT services space.

Porinju Veliyath portfolio: Kerala Ayurveda shares are one of the multibagger stocks delivered by Indian stock market in last one year. However, there seems more steam in this small-cap multibagger stock.

MUMBAI : Foreign institutional investors (FIIs) have reduced their shareholding in the HDFC Bank to 58.75% as of 30 September-end against 60.23% as of 14 June prior to the effective date of HDFC’s merger into it on 1 July. This has increased the foreign room to 20.3% from 18.4% from 14 June, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. Foreign room is a measure used by global index provider MSCI to determine the proportion of shares still available for investment by foreign investors relative to the maximum limit.

By Patricia Zengerle

Singapore’s Temasek has hired investment bank Goldman Sachs to find a buyer for its 40 per cent of gas and electricity distribution giant Jemena.

Company PJSC (IHC) said on Tuesday that it has raised its stake in Adani Enterprises Ltd (AEL) days after exiting two other Adani Group companies. IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 crore. The investor last week disclosed that it would sell its stakes in Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission). IHC said the decision to boost its holding in AEL reflects its conviction in the business incubation model of AEL, and the inherent strength of airports, data centres, green hydrogen and other verticals being incubated by the company.

dialysis chain, NephroPlus, valuing the chain at '1,800-2,000 crore ($200-250 million). The US-based Bessemer Venture Partners (BVP) and the World Bank's lending arm International Finance Corporation (IFC) are exploring the sale of about 30% stake in NephroPlus, said multiple people aware of the development.

Mumbai: Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management will retain some of its stake, co-owner Everstone will exit as part of the transaction. Brookfield had previously decided to sell a majority stake in Everise, but Tuesday’s statement did not specify whether Warburg indeed acquired a majority stake.

₹153.6 crore, according to Tuesday’s volume-weighted average price of Adani Enterprises. "This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL," IHC said in a statement to the Abu Dhabi stock exchange. IHC also highlighted the inherent strength of AEL's airports, data centers, green hydrogen and other businesses, and its ability to capitalize on India's robust growth journey.

By Jonathan Stempel

International Holding Co (IHC) on Tuesday said that it has increased its stake in Adani Enterprises to above 5%. “This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL and we believe that the inherent strength of Airports, Data Centers, Green Hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India’s robust growth journey,” the company said in a statement. IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders’ return. As of June end, IHC, through its subsidiary Green Enterprises Investment Holding Rsc Ltd, held a 3.53% stake in Adani Enterprises. While IHC increased its stake in the Adani Group’s flagship company, the company, last week, announced plans to sell its stakes in two other group firms – Adani Green Energy and Adani Energy Solutions. IHC’s decision to sell off the stake in the two Adani firms is part of the company’s plan to rebalance its overall portfolio strategy. As of June end, IHC through its arm Green Transmission Investment Holding held a 1.4% stake in Adani Energy Solutions. Green Energy Investment Holding held a 1.3% stake in Adani Green Energy. In 2022, IHC invested close to $2 billion in three Adani Group firms — Adani Green Energy, Adani Energy Solutions, and Adani Enterprises.

Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation that is offering stolen tokens at discounted prices from recent high-profile exchange hacks.

₹9,310 crore, valuing the promoters’ stake at about ₹4,650 crore. Private equity (PE) firms are most likely to be interested in the asset, given that VIP Industries is much larger than its Indian rivals, except Safari Industries, the first person cited above said. Rising incomes, an expanding travel infrastructure, and online bookings have fuelled a surge in travel among Indians, resulting in heightened demand for luggage.

In the ever-evolving landscape of cryptocurrencies, HarryPotterObamaSonic10Inu has recently made headlines, recording a robust 14% surge. 

LPoS is a type of PoS meant to increase mining power, address inherent issues found in PoW, and improve other types of PoS, such as delegated proof-of-stake (DPoS).

₹2700 crore in Niva Bupa, a general insurance company, to its joint venture partner Bupa, an international healthcare company headquartered in the UK. The equity fund company is also looking at raising around ₹1,100 crore in primary capital which will value it at a post-money valuation of ₹12,600 crore. The company is looking at listing on Indian bourses in the next 12-15 months, a senior fund official said.

True North on Friday said that it has agreed to sell 20% of its stake in Niva Bupa, a health insurance company, to its joint venture partner Bupa, a UK-based healthcare services and insurance provider. ET first reported on 23 June that Bupa was looking to pick up as much as 15-20% stake from True North. True North is selling the 20% stake at a valuation of Rs2,700 crore, the PE firm said in a statement. The transaction is subject to insurance regulator IRDAI’s approval. This transaction will mean Bupa becomes Niva Bupa’s majority shareholder, with its shareholding set to increase to approximately 63%.

Emami shares climbed 5% to Rs 537.8 in Friday's trade on BSE after the company announced its entry into the health juice category with the acquisition of a 26% stake in Axiom Ayurveda, which markets a range of beverages under the brand name AloFrut. “We are delighted to announce our partnership with Axiom Ayurveda through a strategic investment in equity.