Stake Financial News

06.07 / 15:01

UPS Citi Manufacturing CEO stake Sourav Ganguly buys minority stake in food delivery startup JustMyRoots

Sourav Ganguly has picked up a minority stake in food delivery startup JustMyRoots for an undisclosed amount and will also be undertaking endorsement for the brand. JustMyRoots, which operates an inter-city food delivery service, is also in talks with venture capital and private equity funds to raise Rs 120-150 crore for its business expansion. The funds will be utilised for manufacturing units for in-house packaging solutions it has developed and also to start food delivery services within the city like Swiggy and Zomato, said CEO Samiran Sengupta.

06.07 / 12:01

IPO Provident Amazon Disney Platform stake Tata to buy back Temasek’s stake in Pay TV platform: Report

The Tata Group is currently evaluating an offer to repurchase a stake in its entertainment content distribution platform from Temasek Holdings Pte. This move comes as the Indian conglomerate contemplates delaying the initial public offering (IPO) of Tata Play Ltd, according to the sources. They said the Tata Group is also considering whether to delay the Tata Play listing seeing the market conditions.

06.07 / 06:05

UPS Target Strategy Buyback stake Wipro buyback: Azim Premji's trust sells 1.05% stake; shares up marginally

buyback offer. Azim Premji’s firm Zash Traders, Philantropic Initiatives Pvt Ltd and Azim Premji Trust have sold some stake in the recently concluded Wipro buyback. According to BSE filing, Azim Premji's Zash Traders have sold 5,50,51,569 shares, representing 1.05 per cent stake in Wipro.

06.07 / 04:33

UPS share price stake DCB Bank share price jumps 8% as Tata AMC gets RBI nod to raise stake in lender

DCB Bank share price rallied nearly 8% in the early trading on Thursday after Tata Asset Management Company (AMC) received regulatory nod to increase stake in the lender. The stock price of the bank jumped as much as 7.98% to an intraday high of ₹131.15 apiece on the BSE.

06.07 / 01:33

Aware stake Adani promoters may pare more stake in group companies

Adani Group led by billionaire Gautam Adani will continue to pare holdings in group companies in the coming months to create a liquidity buffer that can be deployed to tap new opportunities and infuse equity in various units, said people aware of the matter. The promoters have so far sold stakes to US-based GQG Partners and are in discussions with other global investors to potentially divest more, they said.

05.07 / 18:43

stake Jindal Steel promoters receive 4.5% pledged stake from OPJ Trading

Promoters of steelmaker Jindal Steel and Power Ltd (JSPL) got 4.5% pledged stake in the company released between late June and early July, the company informed stock exchanges on Wednesday. OPJ Trading Private Ltd, a promoter entity, released on Tuesday a pledge on 43 million shares, equalling 4.23% stake in the company. The shares were pledged with SBICAP Trustee Company Ltd.

05.07 / 14:59

UPS Platform stake RBI approves Tata AMC's move to raise stake in DCB Bank to 7.5%; check details

RBI) on July 5 gave its approval to Tata Asset Management Company (AMC) to increase stake in DCB Bank to 7.5 per cent. The approval by the central bank for Tata AMC to acquire an aggregate holding of 7.5 per cent in DCB Bank is valid for a period of one year from the date of RBI letter, according to a regulatory filing by DCB Bank to the stock exchanges on July 5.

04.07 / 17:47

Provident Booking Manufacturing Strategy Align Honda stake Samvardhana Motherson to acquire 81% stake in Honda Motor arm Yachiyo; check details

Also Read: Samvardhana Motherson to buy 100% stake in France-based Cirma Entreprise for 7.2 million euros ‘’The company has entered into a partnership with Honda Motor under which it will form an 81:19 strategic partnership with the latter where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies, said SAMIL. The acquisition requires approval from authorities in China, Brazil, United States, as well as the Reserve Bank of India, said SAMIL in the exchange filing.

04.07 / 14:23

UPS Provident Target Manufacturing CEO Platform stake GIC to buy 74% stake in Genus Power’s smart metering venture for $2 billion

New Delhi: Singapore’s sovereign wealth fund GIC will acquire a 74% stake in Genus Power & Infrastructure’s new smart metering solutions venture for $2 billion, the company said in a press release. Post the deal, Gem View Investment, an affiliate of GIC will hold a majority stake of 74% and controlling rights in the platform, while Genus will hold the remaining 26%, it added.

04.07 / 05:55

UPS CEO Platform Action Software Forbes stake Automotive Tech Billionaire Austin Russell to Acquire Majority Stake in Forbes

The CEO of an automotive-technology company said he is buying a majority stake in Forbes Global Media Holdings in a deal that values the business media outlet at nearly $800 million. Austin Russell—the 28-year-old founder of Luminar Technologies, which makes sensors and software used for safety and autonomous-driving features—said he has agreed to buy an 82% stake in Forbes. His purchase includes the remaining portion of the company owned by its namesake family and brings to a close a lengthy sale process.

03.07 / 21:43

UPS Marlboro Altria Deal stake US FTC dismisses complaint against Altria-Juul deal after Altria exited stake

WASHINGTON (Reuters) — The U.S. Federal Trade Commission said on Monday it dismissed a complaint against Marlboro maker Altria Group (NYSE:MO) and e-cigarette maker Juul Labs that was brought after Altria's former acquisition of 35% of Juul.

03.07 / 17:27

UPS IPO Booking CEO stake Star investor Prashant Jain picks up stake in Senco Gold ahead of IPO

IPO, Senco Gold has raised Rs 121 crore in the anchor round, which saw participation of marquee investors like Nippon MF, White Oak, Jupiter asset management, Bandhan MF and 3P India Equity Fund that is owned by Prashant Jain. This is the first IPO investment for 3P India Equity Fund, which picked up 9.22% of the anchor investor portion. The company has allotted about 38.32 lakh equity shares to 21 anchor investors at the upper price band of Rs 317 per unit.

03.07 / 11:45

UPS Career Nike Forbes Net Worth stake Michael Jordan Is Selling His Majority Stake in the Hornets—Here’s Jordan’s Net Worth

Legendary basketball player Michael Jordan agreed to sell his majority stake in the Charlotte Hornets to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall, according to a release by the NBA last week.Jordan is selling his majority stake in the Hornets at an estimated $3 billion valuation, ESPN reported.

02.07 / 09:09

UPS FIVE BLOCK Aware Strategy Enterprise stake GQG Partners ups stake in two Adani cos to above 5 pc

GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller. On June 28, GQG bought USD 1 billion (Rs 8,265 crore) worth of additional stakes in the group's flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.

30.06 / 15:23

UPS Deal stake GQG Partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stake

Adani Transmission for about Rs 2,665 crore through bulk deals on Friday. Meanwhile, GQG partners has bought stake worth Rs 1,676 crore in the company, bulk deals data showed.

28.06 / 17:57

CEO FTX stake Crypto Exchange FTX Puts a Pause on Anthropic Stake Sale

Bankrupt crypto exchange FTX has put a pause on the sale of its stake in the AI startup Anthropic.

28.06 / 02:05

business FTX Bankruptcy Suspends stake FTX suspends $500M sale of stake in AI firm Anthropic: Report

The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange's efforts to fill a $2 billion remaining hole in its balance sheet.

20.06 / 16:11

Stablecoin defi Investments Curve Finance Reserve stake Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve's voting power within these apps’ governance systems.

19.06 / 13:19

Ethereum Proof-of-stake Validator stake Ethereum validators may have to stake 64X more ETH, devs discuss

Ethereum core developers plan to implement a 64-fold increase in the minimum amount of staked Ether (ETH) required to become a validator, from 32 ETH to 2048 ETH.

12.06 / 07:39

Blockchain Ethereum proof-of-work Decentralization Consensus Stanford University Bitcoin stake How Bitcoin can help secure proof-of-stake blockchain protocols

The proof-of-work consensus mechanism of Bitcoin (BTC) could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols thanks to efforts from a Stanford University professor.

07.06 / 17:37

Binance SEC coinbase sec lawsuit stake ARK Invest CEO Cathie Wood Ups Her Stake in Coinbase Following SEC Lawsuit

Ark Invest CEO Cathie Wood upped her stake in Coinbase after a US regulator accused the exchange of operating unlawfully.

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