Stake Financial News

15.08 / 05:15

UPS Remark Lennar show track stake Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves

Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NV...

14.08 / 18:53

business Media Digital Currency Group Editorial stake CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report

CoinDesk is reportedly planning layoffs in its editorial department ahead of the sale of a stake in the publication to investors, according to media reports.

14.08 / 18:09

Digital Platform stake Adani Group approves MoU to buy remaining stake in Quintillion Business Media

Adani Group said on Monday its unit AMG Media Networks' board has approved the signing of a memorandum of undertaking to buy the remaining 51% stake in digital news platform Quintillion Business Media it does not already own.Quint Digital Media is the parent group of Quintillion Business Media.

14.08 / 08:15

Provident stake Govt likely to get a majority stake in HPCL | Mint Primer | Mint

The Union Government is set to acquire a significa... moreThe Union Government is set to acquire a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) to provide financial support to fuel retailers who incurred losses by selling petrol and diesel at discounted rates.

13.08 / 15:55

IPO Provident NASDAQ SoftBank T-Mobile stake Exclusive-SoftBank in talks to buy Vision Fund's 25% stake in Arm -sources

By Echo Wang and Anirban Sen

13.08 / 15:27

IPO Provident NASDAQ SoftBank T-Mobile stake SoftBank in talks to buy Vision Fund’s 25% stake in Arm

SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, according to people familiar with the matter, potentially delivering a win for investors who have waited years for strong returns. The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion. If the negotiations lead to a deal, the Japanese tech investor would be delivering a major, immediate windfall to VF1 investors, including Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala.

10.08 / 18:01

Progressive Aware performer reports stake Stake sale reports speculative: Cipla’s Hamied

Cipla, called all reports of stake sales by the promoters as “speculative". “I would like to inform you as the chairman of Cipla, that all the news that you are hearing is speculative and all the clarifications for this have been made to the stock exchange... And whatever information given to the stock exchange is in the public domain and is public knowledge," said the chairman during the 87th Annual General Meeting on Thursday.

10.08 / 11:57

reports stake Cipla Chairman YK Hamied says reports of company exiting business, stake sale speculative

Cipla said at the AGM all news of company exiting business and stake sale is speculative.

10.08 / 11:07

CEO Enterprise stake Adani Enterprises says no planned event on Wilmar stake sale report

Adani Enterprise had said there was no major event that requires a regulatory disclosure, a day after Bloomberg News reported the flagship company of the Adani group was exploring selling its 44% stake in unit Adani Wilmar. The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture with Wilmar International.

10.08 / 07:55

Lowe's small-cap Penny stake Small-cap stock below ₹5: Mauritius-based FII buys stake in this penny stock

Small-cap stock below ₹5: GG Engineering shares are one of the newsmaker scrips in stock market today. The penny stock has attracted foreign institutional investor's attention as Mauritius-based FII Vikas Global Fund PCC has bought fresh stake in the small-cap stock priced below ₹5. The FII bought 45 lakh company shares paying ₹1.40 per share.

10.08 / 04:37

Citi country Deal stake Osaka Gas, Sumitomo near deal for Think Gas stake, sources say

Osaka Gas Co. and Sumitomo Corp.

10.08 / 04:35

UPS AXY share price stake Financial Max Financial share price jumps 8% on Axis Bank stake buy

Axis Bank said in a public announcement that it will raise its stake in Max Life to 16.22% from 9.99%by infusing ₹1,612 crore through a preferential allotment of shares. Meanwhile, Axis Bank shares opened flat with a negative bias.

10.08 / 04:03

IBC stake Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore

₹54.5 crore in open market, the company said in a stock exchange filing. With this move, the shareholding of the company in RHFL has reduced to 2.47%. Besides, the RHFL has ceased to be an Associate of the Company with effect from 9 August.

09.08 / 15:01

COST UPS Provident Enterprise band Trans Indigenous stake Canada to sell Trans Mountain pipeline stake to Indigenous groups through special-purpose vehicle

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise.

09.08 / 13:35

UPS AXY stake Axis Bank to acquire balance 7% stake in Max Life for Rs 1,612 crore

Axis Bank has received approval to infuse Rs 1,612 crore in Max Life Insurance by subscribing to shares on a preferential basis. This will result in Axis Bank’s direct stake increasing to 16.22% in the life insurer. The collective stake of Axis Entities will increase to 19.02% in Max Life Insurance, the lender said in a release.

09.08 / 05:29

UPS Lowe's Drop stake Adani Wilmar shares drop 5% as Adani mulls stake sale

Gautam Adani is considering selling a stake in Adani Wilmar, which sells Fortune brand of edible oils, shares of the FMCG company fell up to 4.8% on Wednesday morning to the day's low of Rs 374. A possible stake sale of its 44% holding in Adani Wilmar will help Adani Group free up capital for its core businesses, Bloomberg reported last night saying that Wilmar, the Singapore-headquartered food conglomerate co-founded by billionaire Kuok Khoon Hong in 1991, could decide to retain its stake in the business. Read More Both Adani and Wilmar own a 44% stake in Adani Wilmar, whose shares have fallen 37% so far in 2023.

09.08 / 05:01

UPS Enterprise reports share price stake Adani Wilmar share price falls 5% amid reports of Adani Enterprises stake sale plan

Adani Wilmar share price fell almost 5 per cent while those of Adani Enterprises rose almost a per cent in early deals on BSE on Thursday amid reports that Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd. As per a Bloomberg report, Adani Enterprises has been considering a potential sale of its 44 per cent stake in Adani Wilmar for a few months. Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, Bloomberg reported citing people.

09.08 / 02:25

Enterprise International stake Gautam Adani's Adani Enterprises considers selling stake in Wilmar International: Report

Billionaire Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd, Bloomberg News reported.

09.08 / 01:51

UPS Aware Action Strategy Enterprise stage Joint Venture stake Adani Group weighs stake sale in FMCG joint venture with Wilmar

Adani Group is in early stages of exploring a stake sale in its fast-moving consumer goods (FMCG) joint venture Adani Wilmar Ltd, said sources aware of the development. The move is in line with the conglomerate's recent efforts to focus on core business areas and derisk its balance sheets by way of stake sales and accelerated loan repayments. The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999.

08.08 / 22:39

business Mining Bitmain Asset management Bankruptcy stake Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage

Cryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm’s restructuring plan.

08.08 / 15:03

Reuters Walmart WSJ stake Walmart buys out $1.4 billion Tiger Global stake in Flipkart: WSJ

Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday. The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion.

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