Stake Financial News

21.08 / 17:37

COST UPS stake Poonawalla Housing Fin stake sale leads to rating downgrade

MUMBAI : Rating agency Care Ratings has downgraded the rating of Poonawalla Housing Finance by three notches, citing divestment by the promoter group. Care has downgraded ratings on long-term bank facilities, non-convertible debentures of Poonawalla Housing Finance from Care AAA to Care AA-. In a report issued on 18 August, Care Ratings said the rating downgrade has been due to “disassociation with Cyrus Poonawalla Group post the sale of 99% stake in the HFC (housing finance company) to private equity player TPG’s affiliate Perseus." On 27 July, TPG announced completing its acquisition of a 99.02% equity stake in Poonawalla Housing Finance Ltd, from Poonawalla Fincorp Ltd.

21.08 / 16:59

Blockchain UPS Ethereum Provident Ripple XRP PUMP stake XRP20 Coin Price Could Pump 10x in DEX Listing on Tuesday August 22, Presale Buyers Stake 20 Billion Tokens

Monday, August 21, 2023 – XRP20 coin price is expected to pump when it lists tomorrow, Tuesday August 22, on Uniswap, after the majority of tokens sold at presale were staked by token holders.

21.08 / 14:57

Waters CEO Mobile Chase Celanese electronic stake DuPont to sell majority stake in $1.8 billion Delrin resins unit

(Reuters) -Industrial materials maker DuPont (NYSE:DD) De Nemours said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion.

21.08 / 08:03

Provident Target Enterprise show fall stake SJS Enterprises shares fall over 4% after Ashish Kacholia sells stake

SJS Enterprises shares fell 4.5% to Rs 310.9 in Monday's trade on BSE after the marquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider for Rs 11.6 crore through the open market on Friday. Kacholia offloaded 1.8 lakh shares of SJS Enterprises for Rs 640 apiece in a bulk deal.SJS Enterprises makes aesthetic products for two-wheelers, passenger vehicles, commercial vehicles, consumer durables/appliances, medical devices, farm equipment, and sanitary ware industries. Earlier on August 16, in an exchange filing, the company said, SJS Enterprises will buy Suryaurja Two, a power generation company for Rs 20 lakh, said the firm on August 16.

21.08 / 06:51

Lowe's Target FIVE Progressive Manufacturing Gap analysts share price stake Titan share price gains as analysts believe CaratLane stake purchase to be value accretive

Titan Company signed a Share Purchase Agreement with the Founder of CaratLane and his family members to acquire all the shares held by them representing 27.18% stake in the company for ₹4,621 crore. CaratLane is an unlisted private company engaged in the manufacture and sale of jewellery and is a subsidiary of Titan. Titan had first acquired a 62% stake in CaratLane in 2016 for ₹357.24 crore, and had subsequently raised its stake in the omni-channel jewellery retailer.

21.08 / 02:05

SoftBank stake SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore

₹250 crore in FirsCry. Besides, FirstCry, Manipal's Ranjan Pai is also mulling over to buy stake in PharmEasy and ByJu's Akash Institute.

19.08 / 15:43

COST UPS CEO country stake Activist investor Starboard takes stake in Outback Steakhouse owner Bloomin' Brands

Activist investor Starboard Value has taken a nearly 10% stake in Bloomin’ Brands, the parent company of restaurant chain Outback Steakhouse

19.08 / 15:15

UPS BLOCK Reuters Deloitte stake GQG Partners raises its stake in Adani Ports to 5.03%

GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on August 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a bulk deal, the disclosure made late on Saturday said. The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January. The Adani group has denied all Hindenburg's allegations. Reuters reported last Wednesday that GQG partners bought an 8.1% stake in Adani Power for $1.1 billion via block deal.

19.08 / 08:39

Pride stake acquires Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore

₹4,621 crore for the additional stake buy, the company said in a filing to the exchanges. Titan had first acquired a 62% stake in CaratLane in 2016 for ₹357.24 crore making it a subsidiary of the company, and had subsequently raised its stake in the omni-channel jewellery retailer. CaratLane, a subsidiary of Titan Company, was founded in 2008 by Mithun Sacheti and Srinivasa Gopalan.

18.08 / 16:51

UPS AXY Enterprise electronic penalty stake CCI imposes ₹40 lakh penalty on Axis Bank over acquiring stake in CSC e-Governance

₹40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance. The watchdog said in an order that the transaction under consideration comprised acquisition of a 9.91 per cent stake in CSC e-Governance by Axis Bank and was completed in November 2020. The leading private sector lender was required to give a notice to the fair trade regulator as part of the transaction, however, it failed to do so, according to the order.

18.08 / 16:17

Provident AXY SUN Manufacturing Enterprise show stake Ace investor Ashish Kacholia sells part stake in SJS Enterprises for Rs 12 crore

Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday. Kacholia sold 1,80,489 shares of the company, or 0.6% stake, at Rs 640.01 apiece, bulk deals data on the National Stock Exchange showed. He sold the shares at a premium of around 1% to Thursday’s closing price of the stock.

18.08 / 09:19

Lowe's Align Infinity track stake Pfaudler sells 13.56% stake in GMM Pfaudler

equity fund DBAG Fund VI. “Our 8-year-long association with GMM Pfaudler has been defined by shared values, strategic alignment, and an unwavering commitment to growth. We are immensely proud of what we have achieved together.

17.08 / 19:39

COST UPS Provident Aware Platform stage stake Ayana Renewable investors plan stake sale to raise up to $800m

Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million ('6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy platform, people aware of the development said. The investors are in discussions to hire an investment bank to run the sale process, they said. The National Investment & Infrastructure Fund (NIIF) owns a 51% stake in Ayana, while British International Investment (formerly CDC Group) holds 32% and Eversource Capital-managed Green Growth Equity Fund has the remaining 17% stake.

17.08 / 18:29

UPS Digital awards show jazz stake Paramount decides it won't sell majority stake in BET Media Group, source tells AP

BET won’t be sold after all: Paramount Global decided against selling the majority stake of the network

17.08 / 18:05

Digital Booking boost stake RBI rejects Cred bid to boost stake in Newtap Fin

NEW DELHI : Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar with the development said. The fintech’s plan to increase its stake in Newtap Finance, formerly Parfait Finance and Investments, from the current 23.6% stake suffered a setback after the regulator returned Cred’s application. For now, Shah owns 76%.

17.08 / 17:31

UPS stake Authum Investment picks up 1.9 pc stake in DB Realty for Rs 100 crore

Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in real estate developer DB Realty for Rs 100 crore through open market transactions. Following the stake purchase by Authum, DB Realty shares zoomed 11.84 per cent to close at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE.

17.08 / 07:25

UPS BLOCK share price stake JSW Energy share price falls over 3% after promoter sells 1.28% holding; GQG Partners picks 0.6% stake

JSW Energy share price declined over 3% on Thursday after its promoter JSW investments sold nearly 1.3% stake in the company through open market transactions. JSW Energy shares dropped as much as 3.81% to ₹354.05 apiece on the BSE.

17.08 / 07:25

Enterprise performer stake Burmans hike Religare stake

₹217.95 apiece, according to the BSE. This puts the size of the deal at around ₹534 crore. The Burman family began making financial investments outside of its primary business Dabur Ltd after the separation of management and ownership, Burman told Mint on 2 January 2023.

17.08 / 05:49

UPS Target Reuters Action NIFTY stake Multibagger IRFC plunges 6% on government stake sale news

Indian Railway Finance Corporation (IRFC) fell nearly 6% on the NSE in Thursday's trade after reports that the government was considering selling its stake in the company. The news triggered a strong selling action in the stock, with over 5.65 crore shares changing hands on the NSE around 10:15 am. The multibagger stock which has given more than 130% returns over a 12-month period has significantly outperformed the Nifty which has yielded just over 8% returns during this time.

17.08 / 04:13

UPS FIVE BLOCK Power share price stake Adani Power share price rallies over 3% as GQG Partners picks 8.1% stake

₹288.25 apiece on the BSE. GQG Partners bought 31 crore shares of Adani Power in the largest ever secondary market equity deal.

17.08 / 02:53

Aviat Airlines country stake Why Is Indigo Co-Founder Reducing Stake? | Stock Tumbles | All You Need To Know

Aviation sector traders on Wednesday morning were ... moreAviation sector traders on Wednesday morning were spooked.

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