Stake Financial News

Carlyle Group is providing a cash infusion to acquisition-hungry Captrust Financial Advisors, the latest sign that private equity is still very much interested in registered investment advisors and that deals in the space may still be ramping up.

Viridios’ $55 million capital raise is bearing fruits. Eddie Listorti’s Australian-based carbon offset investor snapped up a majority stake in climate change consultancy Pangolin Associates on Monday, Street Talk can reveal.

Silver Lake has put itself on a fresh collision course with Raleigh Finlayson’s Genesis Minerals by acquiring a strategic stake in a gold miner that many in the market expect will be one of Mr Finlayson’s future acquisition targets.

Naspers chairman Koos Bekker on Monday said that the company has no plans to dispose of its large stake in China's Tencent, held by Nasper's Prosus subsidiary. The 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies. Naspers and Prosus have been gradually selling shares to repurchase their own shares, which trade at a discount to the value of the Tencent stake.

Some 12 per cent of West Australian gold producer Red 5 Limited has traded hands through stockbrokers at Petra Capital.

₹596 crore in FY22. Its profit after tax was at ₹10.8 crore, according to a 22 December report by ratings agency ICRA Ltd. It reported revenues of ₹439 crore in the first seven months FY23, up 32% from a year ago.

Multibagger stock: AVG Logistics shares are one of the multibagger stocks that Indian stock market has delivered in YTD time. This small-cap stock has risen from around ₹118 to ₹262 apiece levels in year-to-date time, delivering to the tune of 125 per cent to its positional shareholders. However, some fund houses still believe that the small-cap multibagger stock may continue its uptrend.

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers

VCCircle that Kedaara may have invested ₹1,300-1,500 crore ($156-180 million) in the Bengaluru-based K-12 school operator. “India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, and holistic education. K12 Techno has helped schools bridge this gap by leveraging technology and process orientation," said Sunish Sharma, founder and managing partner, Kedaara Capital.

A wave of top executive departures marks the latest worrying chapter in the story of Indigo Books & Music Inc., which analysts say faces a cooling economy — and a bit of an identity crisis — heading into the fall.

LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale. Following the share sale, there is a decrease of 2 per cent in holding during the period from July 22, 2022 to September 13, 2023. «Corporation's shareholding in Sun Pharma has diluted from 12,05,24,944 to 7,22,68,890 equity shares decreasing its shareholding from 5.023 per cent to 3.012 per cent of the paid-up capital of the said company,» LIC said in a regulatory filing. The shares were sold at an average price of Rs 973.80 per share during the period through an open market sale in an ordinary course of transaction, it said. Sun Pharma is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APls). Shares of the country's largest state-owned insurer, LIC, closed at Rs 660.80 apiece on BSE, up by 0.27 per cent.

Penny stock under ₹10: Vikas Ecotech shares witnessed huge buying interest since early morning deals and finally locked-in 10 per cent upper circuit on Thursday session. Vikas Ecotechshare price today opened upside and went on to hit 10 per cent upper circuit after climbing to intraday high of ₹4.45 per share levels on NSE. Vikas Ecotech has informed Indian bourses that its share allotment committee has allotted shares durring its board meeting to consider applications received for the fund raise drive via QIB route.

Cipla Ltd. is in jeopardy as potential buyers have balked at the 1.09 trillion rupee ($13.1 billion) valuation members of the founding family are targeting for the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said. The price represents a premium of about 10% over Wednesday’s close, according to Bloomberg calculations.

G20 summit was the 'value' of the India stake in foreign policies of other countries. For that alone, countries made compromises, thus ensuring a successful summit for India. So, what is the India stake? Put simply, almost all G20 countries want to invest in their relationship with India for long term.

MUMBAI : L &T Finance Holdings Ltd shares ended the day 3% down at ₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake or 70 million shares in the company for ₹910 crore through a block deal. The shares were sold at ₹130 apiece.

₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake, or 70 million shares, in the company for ₹910 crore through a block deal. Shares were sold at ₹130 apiece.

India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises and Bain Capital, on Tuesday announced an investment of Rs 525 crores in Punjab-based hospital Ivy Health and Life Sciences (Ivy). Following the transaction, IndiaRF has become the majority shareholder of Ivy. The deal marks IndiaRF’s maiden investment in the healthcare sector and the first of its kind in the regional hospitals segment in North India.

Multibagger stock: Ace investor Madhu Kela has bought fresh stake in multibagger stock Transformers and Rectifiers (India) Ltd. As per the latest exchange filing by the small-cap multibagger stock, Madhu Kela has been allotted 55,78,111 company shares from the share allotment committee of the company.

(Reuters) -AerCap Holdings NV said on Monday a unit of General Electric (NYSE:GE) Co will sell a stake worth about $2.44 billion in the aircraft leasing giant through an underwritten public offering.

The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK.

₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in the retail business, spanning grocery, consumer electronics, apparel, footwear, online commerce, and jewellery. For this transaction, RRVL had a pre-money equity value of ₹8.361 trillion, which makes it among the top four companies by equity value in India, said Reliance Industries Ltd (RIL) in a filing to exchanges on Monday.