Stake Financial News
17.08 / 01:57
BLOCK
Enterprise
Deloitte
Power
stake
Adani Power promoters sell 8.1% stake for $1 billion
promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating to an 8.1% stake. Adani Power, the thermal power generation arm of the Adani Group, closed 2.3% lower at ₹279.30 on the BSE Wednesday.
16.08 / 19:31
FIVE
BLOCK
Aware
Enterprise
Power
stake
Adani family sells $1.1 bn power arm stake to GQG
MUMBAI : The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a share sale in a single entity. After amassing stakes worth at least ₹26,445 crore ($3.18 billion) in multiple Adani group firms through secondary market transactions since March, India-born Rajiv Jain-led investment management firm GQG Partners Llp bought an additional stake worth over $1.1 billion from the promoters of Adani Power.
16.08 / 19:07
UPS
Target
SENSEX
stake
Govt considering part-sale of IRFC stake through offer-for-sale route
Indian Railway Finance Corp (IRFC) through the offer-for-sale (OFS) route this fiscal year, an official said on Wednesday. An inter-ministerial group, which includes officers from the Department of Investment and Public Asset Management (DIPAM) and the railways ministry, has started deliberations on the quantum of stake dilution in the financing arm of the railways through the OFS, he added.
16.08 / 18:33
BLOCK
stake
Fairfax offloads 5.9% stake in IIFL Securities for ₹118 crore
₹118 crore through open market transactions. The stake was sold by Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, in two transactions on NSE and BSE.
16.08 / 15:53
BLOCK
open
stake
GQG Partners buys 0.6% stake of JSW Energy in open market for ₹351 crore
Economic Times. According to the report, the GQG Partners Emerging Market Fund bought a 0.6 percent stake or 10,284.024 shares of JSW Energy at ₹341.70 apiece for ₹351 crore.
16.08 / 15:47
IPO
CEO
stake
Antfin transfers 10.3% stake to Paytm chief Vijay Shekhar Sharma
Antfin has transferred its 10.3% stake in One97 Communications to the fintech firm's founder and CEO Vijay Shekhar Sharma, according to a regulatory filing. The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities. Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma.
16.08 / 15:39
regulation
SEC
security
MasterCard
scam
Investment
stake
Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
16.08 / 14:27
UPS
BLOCK
Airlines
Strategy
MSCI
performer
Deal
stake
IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore deal
IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday's close. Through the sale, the family earned nearly Rs 2,800 crore. Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.
16.08 / 12:55
Citi
Target
Platform
performer
cover
stake
Spacenet to acquire 12%-15% stake in String Metaverse Limited
A Startup India initiative String Metaverse Limited, a global Startup India company with a focus on creating gaming communities. String Metaverse Limited has offices in Hyderabad, Dubai, Gift city and Hong Kong currently String Metaverse Limited is a Web 3.0 GameFi startup and fintech platform that enables business partners to offer online gaming services, Play2Earn, Free2play that include rewarding games (Real Money Games) for every transaction covering Retail, E-commerce, Food and Beverages industries.
16.08 / 12:19
UPS
FIVE
Enterprise
Centre
stake
Centre considering stake sale in IRFC via OFS: Report
Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal, PTI reported Wednesday, citing official sources. The Indian government currently holds an 86.36% stake in the financing arm of the Indian Railways. The PTI reported that an inter-ministerial group (IMG) having senior officers from the Department of Investment and Public Asset Management (DIPAM) and the Railways Ministry has started consultations to decide on the quantum of stake dilution.
16.08 / 11:35
16.08 / 11:17
UPS
stake
Adani Ports stake buy: Two promoters raise stake over 2%. Details here
Adani Ports stake buy: Two promoter entities have together raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 per cent. As per the information shared by the company with Indian stock market exchanges two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stake in Adani Ports via open market. Adani Ports management informed Indian exchanges that Resurgent Trade and Investment Ltd has bought 3,26,18,000 Adani Ports shares, which is 1.51 per cent of total paid up capital of the Adani group company.
16.08 / 09:09
Provident
BLOCK
Aviat
Airlines
Strategy
Align
MSCI
Deal
stake
Indigo shares crash 4.6% as Gangwal family offloads stake via block deal
InterGlobe Aviation shares tanked 4.6% in trade on Wednesday as IndiGo co-founder Rakesh Gangwal offloaded 5.1% or around two crore shares in a block deal in early trade. The floor price for the offer was presumed to be set at Rs 2,400 apiece, which would come in at a 5.8% discount to Monday’s closing price of Rs 2,549.
16.08 / 08:51
BLOCK
Enterprise
reports
share price
week
stake
Religare Enterprises share price jumps 10% to hit 52-week high amid reports of Burman family raising stake
Religare Enterprises share price rallied more than 10% to touch a 52-week high of ₹242.55 apiece on the BSE Wednesday amid several media reports that the Burman family is likely to have bought anywhere around 5% to 7% stake in the company via a block deal. The Burman family owns over 14% stake in the diversified financial services company through different entities and as per ET NOW report, the family is likely to have bought additional 7.6% stake in Religare Enterprises.
16.08 / 05:59
UPS
BLOCK
Aviat
Airlines
Deal
share price
stake
IndiGo share price dips over 4% as Gangwal family sells stake via block deal
₹2,425.00 apiece on the BSE. According to deal terms seen by Mint, IndiGo co-founder Rakesh Gangwal and his family were to sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million ( ₹3,370 crore). The deal was said to happen at a floor price of ₹2,400 each, a 5.8% discount to Monday’s close of ₹2,549.
16.08 / 04:29
business
Stellar
MoneyGram
stake
Stellar dips into treasury to buy minority stake in MoneyGram
The Stellar Development Foundation (SDF) has become a minority investor in payments provider MoneyGram International.
15.08 / 20:11
stake
Financial
TPG offers to buy stake in EY: Financial Times
US private equity firm TPG Capital has approached EY about buying a stake in the company’s consulting business, The Financial Times reported on its website.
15.08 / 20:11
UPS
Provident
ETF
Parke
McGrath
stake
acquires
Japan’s Mirae acquires controlling stake in robo-adviser Stockspot
Sydney robo-adviser Stockspot, founded by ex-UBS portfolio manager Chris Brycki a decade ago, has sold a sizeable stake in the business to Japan’s Mirae Asset Global Investments, best known in Australia for being an early investor in exchange-traded fund powerhouse Betashares.
15.08 / 16:37
UPS
Provident
Target
BLOCK
Racing
Bitcoin
fun
Sonik
Sonik Coin
stake
Can New Crypto Presale Sonik Coin 50x? This Stake to Earn Meme Coin Expects a Race to $100M MCAP
Tuesday, August 15, 2023 – Sonik Coin is the newest meme coin cryptocurrency, and it aims to be the fastest crypto to reach a $100 million market cap.
15.08 / 12:19
UPS
FIVE
BLOCK
JPMorgan
Airlines
Deal
stake
Gangwal family may sell IndiGo stake worth ₹3,730 crore via block deal: Report
IndiGo Airlines' promoter Gangwal family is all set to sell its shares worth ₹3,730 crore through a block deal on 16 August, reported ET citing the term sheet. According to the report, the family has put 15.6 million shares on the block with a floor price of ₹2,400 per share, which is a 5.8 percent discount to the closing price of Monday. The deal's lenders are Morgan Stanley, JPMorgan, and Goldman Sachs.
15.08 / 10:45
FIVE
show
country
Explainer
stake
Mint Explainer: BRICS Summit is around the corner. What’s at stake?
BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.
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