Stake Financial News

08.08 / 12:17

Twitter love stake Vijay Shekhar Sharma Doubles Down On Paytm; Increases Stake; Stock Skyrockets | Details

Vijay Shekhar Sharma is doubling down on Paytm. A ...

08.08 / 06:59

UPS small-cap stake Small-cap stock below ₹20: Nomura Singapore raises stake in FMCG share. Do you own?

Small-cap stock below ₹20: Nomura Singapore ODI has raised its stake in India's FMCG company Mishtann Foods Ltd. As per the exchange filing by the small-cap stock, Singapore-based foreign institutional investor (FII) has raised its stake from 1.28 per cent to over 2 per cent. The FMCG company informed Indian stock market bourses that the FII was holding 1,28,25,854 Mishtann Foods shares which has now gone to 2,18,82,762 company shares, which is 2.19 per cent of total paid up capital of the company.

08.08 / 06:11

Target Booking PwC analysts Deal stake Vijay Shekhar Sharma-Antfin deal: Chinese shareholder reducing stake in Paytm a fundamentally positive, say analysts

Paytm announced that Sharma entered into an agreement to purchase a 10.30% stake in the company from Antfin (Netherlands) Holding BV. Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management B.V., an entity in which Sharma owns the complete 100% stake.

08.08 / 00:13

RIG stake play Tri-Star lifts stake in QLD gas play after $20m raise

Tri-Star Group, a privately owned venture that is one of the pioneers of Queensland’s coal seam gas industry, has hiked its stake in Omega Oil & Gas Limited after the junior explorer ruled off a $20 million placement.

07.08 / 19:33

FIVE BLOCK Enterprise 500 stake Promoters raise $500 mn via Adani Green stake sale to QIA

MUMBAI : The promoters of Adani Group raised about $500 million by selling a part of their holdings in Adani Green Energy Ltd to investors, including INQ Holding Llc, a wholly owned unit of sovereign fund Qatar Investment Authority (QIA). This is one of the several recent stake sales by billionaire Gautam Adani aimed at cutting promoter-level debt and releasing stock pledges. At current market prices, around ₹31,095 crore ($3.75 billion) is required by the promoters to release the shares pledged by the promoters in five key group firms.

07.08 / 19:13

UPS Gap star stake NOT VRL's stake sale in Vedanta not enough for stable rate outlook: S&P

Vedanta Resources' move to sell stake in its Indian-listed subsidiary Vedanta Ltd is credit positive but not enough to keep the rating outlook stable, analysts at S&P Global Ratings said. The rating agency downgraded the outlook for Vedanta Resources Ltd (VRL) to 'negative' from 'stable' to factor in heightened refinancing risk as the company's access to cash flow from its operating subsidiaries has weakened while external financial conditions, too, have become challenging.

07.08 / 15:39

COST Target BLOCK Inside social electronic stake Qatar Investment Authority buys over 2.5% stake in Adani Green, promoter group co offloads almost entire stake

Adani Green Energy Ltd totalling more than 2.5% for over USD 500 million, as per industry sources cited by PTI in its news report. The ESG-focused (environmental, social, and governance) fund has reportedly made two investments in Adani Group companies, the first being Adani Electricity Mumbai Ltd. (AEML).

07.08 / 13:57

UPS Target show stake Promoter entity sells 2.7% stake in Adani Green for Rs 3,919 cr; Qatar-based fund turns buyer

Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares. According to bulk deals data available with the exchanges, Infinite trade has offloaded 4.2 crore shares in the company at a weighted average price of Rs 920 apiece. Through the sale, the promoter entity bagged Rs 3,919 crore.

07.08 / 05:01

UPS Software Chase show stake These 38 multibagger stocks saw FIIs increase stake in Q1; do you own any?

multibagger returns in 2023, data analysed by ETMarkets showed. These companies have a minimum market capitalization of Rs 500 crore, and the stocks have given up to over 3000% returns year-to-date. Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.

07.08 / 03:59

Ant stake Financial Vijay Shekhar Sharma to buy 10% stake in Paytm from Ant Financial

Paytm founder Vijay Shekhar Sharma will acquire 10.30% stake in Paytm from Antfin through an off-market transfer, the company said in an exchange filing. On closing of this transaction, Sharma’s shareholding in Paytm (direct and indirect) will increase to 19.42%, whereas Antfin’s shareholding will reduce to 13.5%.

07.08 / 03:31

stake Vijay Shekhar Sharma to purchase 10.30% stake in Paytm from Antfin

Paytm founder Vijay Shekhar Sharma to purchase a 10.30% stake in the company from Antfin (Netherlands) Holding BV. With this, Antfin will cease to be the largest shareholder in Paytm.

05.08 / 11:43

Twitter Manufacturing Racing Enterprise stake From IT raids to majority stake in prized assets: Congress flags 'chronology' in Adani Group's acquisitions

Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi and family. Day after the deal was announced Congress leader Jairam Ramesh alleged that the Prime Minister Narendra Modi led government has been ‘handing over’ prized assets to the beleaguered billionaire, all while unleashing probe agencies on Adani Group's competitors.

05.08 / 10:17

UPS stake ICICI Bank gets RBI nod to increase up to 4% stake in subsidiary ICICI Lombard

ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard. The second-largest private bank received the RBI nod on Friday, it said in a filing to the exchanges on Saturday.

05.08 / 08:11

UPS stake ICICI Bank gets RBI nod to raise stake in ICICI Lombard. Details here

RBI) has given approval to the ICICI Bank for raising stake in one of its subsidiaries ICICI Lombard General Insurance Company Limited. The central bank of India has granted ICICI Bank to raise stake in ICICI Lombard by up to 4 per cent in various tranches..

05.08 / 06:19

Target Strategy NIFTY Fitch performer star week stake Vedanta ends week with 11% loss on promoter paring stake. How to trade next week?

Amid offloading of a 4.1% stake by a promoter entity, shares of Vedanta ended over 11% lower this week. “On the lower end, it has support at Rs 225, where it could fall from the current level. On the higher end, resistance is visible at Rs 256,” says Rupak De, Senior Technical Analyst at LKP Securities.Edited excerpts from a chat:How would you read the roller coaster ride amid the fear around Fitch report? Is the bullish momentum intact?Nifty fell sharply following the downgrading of the US credit rating from AAA to AA+, leading to a breakdown from the recent consolidation on the daily timeframe.

04.08 / 17:55

UPS Target Action Mobile show stage stake Won’t raise stake in RBL Bank without strategic value: M&M

NEW DELHI : Mahindra & Mahindra Ltd’s decision to buy a 3.53% stake in private lender RBL Bank Ltd for ₹417 crore is not a sign of wavering capital allocation discipline, Anish Shah, managing director and chief executive of the Mumbai-based automaker said on Friday. Explaining the rationale behind the surprise move, Shah said the company will make targeted investments to drive returns and focus on execution to “show outperformance", unlike in the past where the execution of its capital allocation actions wasn’t “strong enough". He, however, added that M&M doesn’t have any plan to enter the banking business or raise its stake unless there is a “compelling strategic reason in the future".

04.08 / 13:31

Booking CEO stake Won't increase stake in RBL unless the reasons are compelling enough: Mahindra Group MD & CEO

Mahindra & Mahindra is unlikely to increase its stake in RBL Bank unless there’s a compelling reason to do so in line with the company’s capital allocation guidelines, the company’s top official said, seeking to assuage investor concerns on the tractor- to-technology conglomerate straying on the path to fiscal discipline, it embarked upon a couple of years ago. Since the announcement of the stake purchase by the company, M&M investors have lost Rs 1,32,00 crore.

04.08 / 12:11

stake Pashupati Advani on his top bet among new age stocks, M&M buying RBL stake and more

Pashupati Advani, Founder, Global Foray, says Paytm has always been his top bet within the new age stocks. “But I was in and out and then it jumped above 800. Now, it is in the high 700s.

04.08 / 11:13

stake Google parent Alphabet slashes stake in trading app Robinhood

Alphabet has cut its stake in trading app Robinhood Markets by nearly 90%, a regulatory filing showed on Friday. The disclosure comes days after Robinhood said it had achieved profitability for the first time as a public company in the second quarter.

04.08 / 10:41

stake Mauritius-based FII buys stake in multibagger stock that has surged 150% in six months

Small-cap stock below ₹200: Kamdhenu Ventures shares are one of the multibagger stocks that Indian stock market has produced in 2023. However, despite whopping return given by the small-cap stock, Mauritius-based foreign institutional investor (FII) has bought fresh stake in the company. As per the NSE bulk deal details available on the NSE website, the FII has bought 3.50 lakh company shares at a price of ₹196 per share.

04.08 / 08:49

show stake Multibagger stock hits 20% upper circuit as Tata Healthcare Fund buys 10.8% stake

Sakar Healthcare hit a 20% upper circuit at Rs 324.6 in Friday's trade on BSE as the Tata Healthcare Fund bought a 10.8% stake in the company. Sakar Healthcare informed stock exchanges of the company’s decision to raise nearly Rs 60 crore via allotment of over 23,09,910 equity shares at an issue price of Rs 259.75 per equity share on a preferential basis (Private Placement). Most of the funds via this fundraising would be used to reduce debt and for the acquisition of land and building.

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