Stake Financial News

16.05 / 03:11

Apple Research wellness Trade Chubb cover stake Berkshire reveals $6.72 billion Chubb stake, insurer's shares rise

Warren Buffett's Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire's U.S.-listed holdings as of that date.

16.05 / 00:23

Provident Apple Chubb show track reports Updates stake Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

annual shareholders meeting earlier this month. Berkshire sold off a little over 116 million Apple shares in the quarter — accounting for about 13% of its stake — to trim its biggest single investment. But it still holds nearly 790 million Apple shares, and Buffett told shareholders that he expected the iPhone maker to remain a long-term holding.

14.05 / 16:15

UPS security reports stake Cipla promoters plan to sell 2.53% stake

Mint. The promoters are offering to sell up to 20.45 million shares, with a total deal value estimated to be around ₹2,637 crore ($316 million).

13.05 / 16:07

markets Provident WhatsApp stake Nalanda Capital sells 1.4 pc stake in Great Eastern Shipping for Rs 190 crore

Investment firm Nalanda Capital on Monday divested a 1.4 per cent stake in Great Eastern Shipping Co Ltd for Rs 190 crore through an open market transaction. Singapore-based Nalanda Capital through its arm Nalanda India Equity Fund Ltd sold shares of Great Eastern Shipping Co Ltd through a bulk deal on the BSE.

13.05 / 14:01

Trade stake US activist investor Elliott takes profits and reduces Scottish Mortgage stake to under 5%

According to a stock exchange notice on Friday (10 May), Elliott's stake has been reduced to below 5%. The sale took place on Wednesday (8 May), the same day Scottish Mortgage bought back £313m of its shares, the largest one-day purchase by a UK investment company on record. In March this year, SMT revealed it would make at least £1bn available over the next two years for the purposes of buybacks. Commercial director Stewart Heggie said Wednesday's buyback «should be seen in the context of that announcement». «The board and managers remain resolutely committed to facilitating trading...

10.05 / 14:59

UPS Manufacturing Align electronic testing stake acquires Vedanta acquires Japan's AvanStrate, buys additional stake for $78 million

Vedanta plans to leverage the Tokyo-based company’s technology and manufacturing capabilities to establish its own display fabrication unit in Gujarat. The aim is to meet both Indian and global demand for electronic devices, while also fostering a local hi-tech electronics manufacturing industry. “As a wholly-owned subsidiary, AvanStrate will serve as a strategic asset for Vedanta as the conglomerate looks at playing a critical role in India’s journey towards becoming self-reliant in electronics manufacturing," said Akarsh Hebbar, global managing director, AvanStrate Inc.

10.05 / 14:07

UPS Citi Digital Booking International stake TVS Holdings to acquire majority stake in Home Credit India for ₹554 crore

₹554 crore, while Premji Invest, and its associates, will pick up the remaining 19.26% equity for another ₹132 crore. According to a company statement, the transaction is subject to approvals from the Competition Commission of India, and the Reserve Bank of India. JM Financial acted as the financial advisor to Home Credit India Finance, while Khaitan & Co.

07.05 / 11:29

Blockchain UPS NVIDIA President performer Updates stake Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

Billionaire investor Stanley Druckenmiller revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run.

06.05 / 01:37

markets Diversity country information reports guidelines International stake RBI may give final nod for stake increase in IndusInd Bank soon: Ashok Hinduja

MUMBAI : IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).

05.05 / 03:19

markets Hollywood Reuters Entertainment WhatsApp Actor exclusive stake Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision. «It was 100% my decision, and we've sold it all, and we lost quite a bit of money,» Buffett said at Berkshire's annual shareholder meeting in Omaha, Nebraska.

04.05 / 19:47

CEO Sony War stake Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway's entire Paramount stake at a loss.

04.05 / 15:07

CEO Apple reports stake Warren Buffet's Berkshire Hathaway trims Apple stake by 13% in Q1, remains biggest holding worth $135 billion

Also Read: Warren Buffet's Berkshire Hathaway Q1 operating profit rises 39% to $11.22 billion, net income drops 64% YoY Some investors, however, have expressed concern that Apple consumed too much of Berkshire's investment portfolio. Apple CEO Tim Cook, who is at the Berkshire meeting, has said that he still considers it a privilege to have Berkshire as a major shareholder. Hathaway significantly reduced its stake in Apple as the company let its cash hoard swell to a record $189 billion.

04.05 / 14:27

COST Citi Apple performer reports stake Warren Buffett's Berkshire pares huge Apple stake as cash, operating profit set records

cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.

02.05 / 19:33

markets UPS Target country reports International stake Quadria cap picks up minority stake in NephroPlus

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

02.05 / 16:01

markets UPS BLOCK Opinion reports recommendations stake Carlyle Group likely to sell 2% stake worth Rs 1,500 crore in YES Bank via block deal on Friday: Report

Carlyle Group is mulling sale of its 2% stake in YES Bank via blockdeal. The size of the deal is estimated at Rs 1,500 crore and the block deal is expected on Friday. Goldman Sachs is said to be the broker to the deal, CNBC TV18 reported citing its sources.

02.05 / 14:07

markets UPS CEO Assurant Healthcare stake Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share; deal likely to complete by Q2FY25

Coforge on 2 May approved the acquisition of a 54 per cent stake in IT major Cigniti Technologies at a per share price of ₹1,415, the company said in its regulatory filing. The firm added that the acquisition process is expected to be completed by Q2FY25, subject to regulatory approvals by SEBI. The firm believes that the acquisition of Cigniti will not only help it grow to US$ 2 billion by FY27 but, ensure that the Coforge’s operating margins improve by 150-200 bps by FY27 itself.

02.05 / 14:07

COST UPS CEO reports Profiles stake Coforge Q4 results: Net profit rises 95% at ₹224 crore; to acquire 54% stake Cigniti Technologies

Coforge reported a marginally smaller-than-expected fourth-quarter revenue on Thursday amid overall tepid tech spending from clients. India's $254 billion IT sector has been struggling in recent quarters as clients cut spending on non-essential projects. Macro headwinds and high-inflation environment have made clients look at contracts that cut down their existing costs.

02.05 / 14:07

markets Citi Strategy Healthcare hospital 2020 prevention stake Temasek may bid for CVC's 60% stake in Healthcare Global

₹358.80 a share on the NSE on Thursday, down 1.98%, while the Nifty index closed at 22,648.20 points. Its total market capitalization stood at ₹4,997.71 crore. CVC Capital Partners, which purchased around 59% in Healthcare Global for ₹1,100 crore in 2020, raised its shareholding to over 60.4% later.

02.05 / 12:16

WhatsApp stake Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share

Coforge's board of directors have approved the acquisition of a 54% stake in Cigniti Technologies at a per share price of Rs 1,415, the company on Thursday said in its filing to the exchanges. The acquisition process is expected to be completed by Q2FY25. Coforge has agreed to enter into a share purchase agreement with the promoters and select public shareholders of Cigniti subject to execution of definitive agreements and completion of certain identified conditions precedent, the filing said.

02.05 / 02:09

markets UPS Digital Manufacturing Boxing information stake CCI approves Airtel's buyout of Warburg Pincus affiliate's stake in DTH arm

Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity firm Warburg Pincus, people with knowledge of the matter told ET. The competition watchdog is expected to publish a detailed public order on the transaction soon, one of the sources said. While the transaction dates to 2021, the CCI in August 2023 slapped a fine of Rs 1 crore on Airtel for concluding the deal without informing it.

01.05 / 07:41

markets WhatsApp Golf rights stake New York Life to acquire 49% stake in two commercial projects by Max Estates for Rs 388 crore

New York Life Insurance Co., a mutual life insurance firm based in the United States, will invest Rs 388 crore for a 49% equity stake in two commercial projects in Delhi and Noida by Max Estates' SPV. With this New York Life Insurance Co is now 49% partner in all the commercial project by Max Estates in Delhi-NCR. The two buildings where the New York life has purchased the stake is Max Tower in Noida and Max House in Okhla with a total leasable area of around 600,000 sq ft.

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