Stake Financial News

04.08 / 03:59

UPS Time small-cap stake Tata Healthcare fund to buy 10.8% stake in this multibagger small-cap stock. Share hits life-time high

Multibagger stock: Sakar Healthcare shares are one of the multibagger stocks that Indian stock market has delivered in stock market rebound during post-Covid recovery. In near three years, Sakar Healthcare share price has ascended from around ₹50 apiece levels to ₹272 apiece levels, delivering to the tune of 450 per cent return to its positional long term shareholders in this time. However, the company has got a big boost through its preferential offer.

04.08 / 02:23

Target Aware performer exit stake Blackstone to submit bid for over 33% stake in Cipla, Hamied Family's exit process begins

Cipla’, according to a report published by Economic Times. With this, the eventual exit process of the Hamied family from the company started in 1935, will be formally started. Moneycontrol earlier reported that Cipla's top shareholders are in talks to sell around 33.47% of their stake in the company to private equity players including Blackstone and Baring Asia.

03.08 / 16:11

UPS Progressive star Indian stake S&P downgrades Vedanta, Indian arm's stock nosedives after promoter pares stake

₹247.60 apiece on exchanges on Thursday after S&P Global Ratings downgraded the parent firm Vedanta Resources Ltd’s credit outlook from stable to negative on Thursday when Twin Star Holdings Ltd., promoter of Vedanta, sold 15.4 crore shares in the company worth ₹3,983.1 crore to raise funds for repaying dues. Marquee investors including Societe Generale and Copthall Mauritius Investment Ltd bought 2.94 crore and 8.48 crore Vedanta shares from Twin Star at ₹258.5 apiece respectively. Shares of Vedanta Ltd ended 6.65% down at ₹254.05 apiece on NSE, which is 1.72% lower than the floor price at which Societe Generale and Copthall Mauritius Investment purchased the shares from Twin Star.

03.08 / 08:57

UPS Target CEO Enterprise stake Temasek to invest ₹1,200 crore in Mahindra Electric to acquire up to 3% stake

₹1,200 crore in its electric vehicle subsidiary Mahindra Electric Automobile Ltd (MAEL). The Indian auto major M&M and Singapore-headquartered Temasek have executed a binding agreement for the investment in the four-wheeler (4W) passenger electric vehicles company. Temasek Holdings will invest the money in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to ₹80,580 crore.

03.08 / 07:49

UPS Target Manufacturing CEO Platform track Holdings stake Temasek Holdings to invest Rs 1,200 crore in Mahindra Electric, acquire up to 3% stake

Temasek Holdings and Mahindra & Mahindra have executed a binding agreement whereby the former will invest Rs 1,200 crore in the latter’s subsidiary Mahindra Electric Automobile Ltd. Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release. This investment will result in Temasek holding a 1.49-2.97% stake in Mahindra Electric Automobile.

03.08 / 07:49

UPS Progressive CEO Platform Strategy track stake Temasek to invest Rs 1,200 cr in M&M's EV co, ups stake to 3%

Temasek signed an agreement with automotive major Mahindra & Mahindra to invest Rs 1,200 crore in its passenger electric vehicles (EV) company MEAL at a valuation of $9.8 billion, the company said in a stock exchange notification on Thursday. Temasek will join British International Investments (BII) as an investor in MEAL, the company said in a statement. BII had earlier signed an agreement with Mahindra Electric to invest Rs 1,925 crore ($250 million) in July 2022 through compulsory convertible preference shares, which would result in a stake of 2.75-4.76%, depending upon milestones achieved.

03.08 / 01:21

UPS Ford Fallout Prison Trump stake ‘US Presidential Polls 2024’: Donald Trump's freedom or prison at stake, say experts

Atlanta related to efforts to overturn the 2020 election results in Georgia and must also decide whether to attend the first Republican presidential debate on August 23. Trump campaign officials said they were not worried about such logistical challenges. But the challenge for Trump goes beyond politics.

02.08 / 21:15

UPS Provident Manufacturing Platform Strategy Pool Highways KKR stake KKR to buy majority stake in Leap India in Asia infra push

BENGALURU : KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The transaction will also bolster KKR’s infrastructure bets in India that include investments in a decarbonization platform, renewable energy companies, and highways and power transmission businesses.

02.08 / 19:07

UPS Provident Manufacturing Strategy star stake Vedanta promoter to sell ₹4,136 cr stake

MUMBAI : Anil Agarwal’s Twin Star Holdings Ltd, a promoter entity of Vedanta Ltd, aims to sell a 4.3% stake in the Indian mining company for ₹4,136 crore as part of the billionaire’s plan to reduce debts and transform his Vedanta group into a pure-play green energy and non-ferrous business. According to the terms of a deal brokered by JP Morgan India Pvt. Ltd, Twin Star Holdings will sell 160 million shares in Vedanta to institutional investors at a minimum of ₹258.50 each, a 5% discount to Wednesday’s closing price of ₹272.15 on National Stock Exchange of India Ltd.

02.08 / 18:13

UPS Provident Booking Platform Strategy show Deal stake Madhuri Madhusudan Kela buys stake in this multibagger smallcap stock via bulk deal

Madhusudan Kela, has picked up a stake in Niyogin Fintech through bulk deals on Wednesday. According to bulk deals data available with the exchanges, Madhuri Kela has bought 50.2 lakh shares or 5.3% stake in the company. The transaction was done at a weighted average price of Rs 61.65.

02.08 / 18:11

UPS Aviat SUN Airlines SENSEX Carlyle stake Carlyle to acquire 5.9% stake in SpiceJet

₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE on Wednesday to close at ₹31.42, on a day the benchmark Sensex index fell 1%. The company proposed to issue up to 4.81 crore equity shares of the face value of ₹10 worth ₹48.1 crore to nine associated companies of Carlyle.

02.08 / 07:59

UPS Provident FIVE Manufacturing Enterprise RPG exits stake Financial Ashish Dhawan picks stake in this financial stock, likely exits 2 tech firms

Ashish Dhawan added Religare Enterprises to his portfolio in the quarter ended June 2023 while he likely exited two companies — Birlasoft and Zensar Technologies. Dhawan picked up a 1.66% stake in Religare Enterprises (REL) — a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking.

02.08 / 07:09

Provident Platform Pool KKR stake Global investment firm KKR buys majority stake in Pallet Pooling Platform LEAP India

A leading global investment firm, KKR, acquired majority stake in LEAP India, which is a pallet pooling platform in India, the company announced on Wednesday. With this deal, the funds managed by KKR will acquire a majority stake in the Company.

02.08 / 03:47

Reuters Manufacturing Racing Enterprise stake Adani-owned Ambuja Cements to acquire majority stake in Sanghi Industries: Sources

Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani's firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public. They did not share the exact stake percentage.

02.08 / 01:27

Manufacturing stake Adani-owned Ambuja cements to buy majority stake in Sanghi Industries, says report

ACC Ltd. The combined capacity of producing cement is more than 65 million tonnes and more than a dozen manufacturing plants across India. (WIth inputs from Reuters)

01.08 / 12:39

Citi Art country Inside reports stake Chinese tech titan Jack Ma turns to farming, invests 10% stake in agrotech startup: Reports

Business Insider on 1 August, quoting a report from South China Morning Post. Incorporated on 20 July in Hangzhou city, the agrotech startup is called '1.8 Meters Marine Technology (Zhejiang) Co', said the report, adding Ma's off of investment holdings companies, Hangzhou Dajingtou No. 22 Arts and Culture Co., invested a 10% stake in the startup.

01.08 / 12:29

Ethereum Lowe's Target Ripple XRP coinbase stake XRP20 Is a New Crypto Launch to Watch, Will This Stake to Earn Coin Explode 22,700% Like the XRP Price?

XRP20 is a new crypto launch to watch as it brings its stake-to-earn utility to the mix – could it explode 22,700% like the XRP Price?

01.08 / 07:07

Enterprise stake acquires Aditya Birla Group acquires 100% stake in KA Hospitality

Aditya Birla Group acquired full stake in KA Hospitality, announced the company on Tuesday. The acquisition has resulted in the addition of four new restaurant brands, Hakkasan, Yauatcha, Nara Thai and CinCin in its portfolio.

01.08 / 06:59

UPS BAY Albemarle rock stake US lithium mining giant Albemarle nabs stake in Patriot Battery Metals

New York-listed Albemarle has nabbed a stake in dual-listed lithium hopeful Patriot Battery Metals, making the US giant the biggest shareholder in the explorer just three weeks after Patriot weathered a short-seller attack.

31.07 / 03:27

Reuters Walmart WSJ stake Walmart buys out $1.4 billion Tiger Global stake in India's Flipkart - WSJ

(Reuters) -Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.

31.07 / 02:15

Walmart stake Walmart buys $1.4 billion Tiger Global stake in Flipkart, report

Accel and Tiger Global, two early backers of Flipkart, were in talks to sell their remaining stake in the company to Walmart. Tiger Global held about 4% of the company, according to the ET report.

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