Stake Financial News

IFM Investors’ growth private equity team has found a new target it likes in the utilities-focused software business Tally Group.

Specialist fund manager TRUE Infrastructure is on the hunt for $20 million to fund its acquisition of AustralianSuper’s holdings in two infrastructure vehicles managed by London-listed Foresight Group.

Newgen Software Technologies to 1.14% or 800,000 shares in the quarter ending June. The investor also picked up 1.34% stake amounting to 11,26,765 equity shares in Zen Technologies during the reported quarter. Shareholding trend of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

By Pablo Mayo Cerqueiro, Echo Wang and David French

Reliance Industries Limited (RIL) today announced entering into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centers in India. RIL will hold 33.33% stake in each of the Indian SPVs and become an equal partner. Digital Realty Trust, Inc.

DLF has acquired a controlling 51% stake in a special purpose vehicle (SPV) responsible for a development project spanning around 3.5 million square feet in Mumbai’s Andheri area for approximately Rs 400 crore. “This is part of a bigger slum rehab scheme, where we anticipate that once the entire process is complete, the total saleable area should be in the range of 3 to 3.5 million square feet,” DLF chief executive Ashok Kumar Tyagi said during the real estate developer first quarter earnings call on Monday.

By Akanksha Khushi

Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. Under the deal, Bain will buy out all of the Adani family's private investments in the company.

Bain Capital has also committed $120 million in primary capital to facilitate the company’s ongoing growth. “I have known Gaurav since his days as an investment banker," said Gautam Adani, the chairman of Adani Group.  “He wanted to become an entrepreneur and I backed him.

By Davit Kirakosyan

Gaurav Gupta, will retain the remaining 10% stake in the firm, and Bain Capital will invest another 10 billion rupees to grow the business, according to the report by Business Standard. The management owns 10% stake in the company while billionaire Gautam Adani owns approximately 90 per cent. According to a report by India Today, Bain Capital has surpassed Carlyle to emerge as the frontrunner in the acquisition process.

MUMBAI, BENGALURU : Media mogul Subhash Chandra is in talks with JC Flowers Asset Reconstruction Co. (ARC) to buy back his family’s shares in Dish TV India Ltd, marking another twist in the two-year-old battle between the minority investor and the promoter for control of India’s third-largest satellite TV operator. Chandra, 72, has also put forward a proposal to buy other assets, including shares in the educational company Zee Learn Ltd and three properties, including a bungalow built over 2.8 acres in central Delhi.

Macquarie has ended discussions with Hong Kong’s CLP Group over the possible purchase of a 50 per cent stake in EnergyAustralia, the country’s third-largest electricity and gas supplier, sources said.

GQG Partners has bought a 5.96% stake in edible oil firm Patanjali Foods, which is promoted by Baba Ramdev-led Patanjali Ayurved. GQG Partners has bought 2,15,64,517 equity shares of Patanjali Foods through Offer For Sale (OFS) route, according to a regulatory filing.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Strive Asset Management, the shareholder known on Wall Street for railing against corporate “wokeness" and whose co-founder, Vivek Ramaswamy, is running for president (https://www.wsj.com/articles/the-anti-woke-presidential-candidate-who-wants-to-crush-esg-and-gut-the-fed-a486fdc), is taking aim at fast-food giant McDonald’s over its diversity policies. Strive this week sent a letter to McDonald’s expressing concerns over the way the restaurant operator handles diversity, equity and inclusion.

Caisse de depot et placement du Quebec (CDPQ) is considering investing billions of dollars to increase its holdings in some of Dubai’s most prized shipping and logistic assets, people with knowledge of the matter said.

TORONTO — TD Bank Financial Group says its stake in Charles Schwab Corp. is expected to translate into reported equity in net income of about $182 million for its third quarter.

Bikaji Foods International were up nearly 7% intraday after the company acquired a 49% stake in Bhujialalji, an upcoming company in the ethnic snacks industry. The stock was last trading at Rs 445, up over 4% from the previous close. The deal comprised 9,608 equity shares and 396 CCDs at Rs 5,100 value per security aggregating to Rs 5.10 crore.

₹5100 value per security aggregating to ₹5.10 crore. The face value is Rs. 10 per equity share.  Bhujialalji Pvt.

Berkshire Hathaway has reduced its stake in Activision Blizzard by 70% as Microsoft seems poised to buy the maker of videogames.