Stake Financial News

Competition Commission of India (CCI) has cleared Sanyo Special Steel’s acquisition of a 15.43% stake in Sanyo Special Steel Manufacturing India (SSMI) from Mitsui & Co, the antitrust regulator said on Tuesday. Sanyo Special Steel, a Japan-based company, sells steel products globally and has manufacturing hubs in Europe and India. It is a part of Nippon Steel Corporation Group.

private equity firm ChrysCapital has raised $700 million in new funds, allowing the firm to maintain its stake in India's National Stock Exchange (NSE) by buying itself out, the firm said Tuesday. ChrysCapital, one of India's biggest private equity firms with more than $4 billion invested, raised the money mainly from U.S investor HarbourVest and European funds Pantheon Ventures and LGT Capital Partners.

Tata Sons has raised its shareholding in Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek's 10% stake in the company for about $100 million (close to ?835 crore), said people in the know. The direct-to-home (DTH) firm has been valued at $1 billion, down from its previous pre-pandemic valuation target of $3 billion. I&B Min told About New Shareholding

₹1,400 crore. The latest acquision will see the Karnataka-based hospital chain increase its bed count from 9,500 currently to more than 10,500, making it the largest healthcare group in the country, it said in a statement. Earlier, Apollo Hospitals was the biggest hospital chain in the country with around 10,103 owned and operated beds as of 31 March 2024.

Dolly Khanna's latest portfolio: Dolly Khanna is one of those Indian stock market investors who is known for betting high on small-cap stocks that tend to outperform major Indian indices by a huge margin. So, a good number of retail investors follow her portfolio and keep track of her investment moves. For such investors, there is a piece of the latest stock market update.

Ashish Kacholia portfolio: After ushering into a new financial year, a section of the stock market investors starts scanning the shareholding of ace investors. This exercise helps them find a value pick that has attracted investments from the market magnates. For such Indian stock market investors, there is a piece of stock market news today.

Warren Buffett’s favourite Japanese trading houses, according to a person familiar with the matter. The size of the activist group’s investment is around “several tens of billions of yen," the person said, asking not to be identified because the transaction hasn’t been publicly disclosed. Every ¥10 billion ($63 million) investment is equivalent to a 0.2% stake in Sumitomo, based on Friday’s closing share price of ¥3,909.

Vodafone Idea on Friday through open market transaction. As many as 144 crore shares were sold by the ATC Telecom at ₹12.78 a share, valuing the deal at ₹1,840 crore. Citigroup Global bought shares worth ₹611 crore through bulk deals, while rest of the buyers were unknown. Shares of Vodafone gained about a percent on Friday to close at ₹14.01 apiece. Last month, ATC had converted the debentures allotted by Vodafone Idea into equity. In February2023, Vi had allotted OCDs worth ₹1,600 crore to ATC's India unit against its dues. Vi was then estimated to owe ATC around ₹2,000 crore.

private equity fund Advent International is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals, said two people aware of the development. The buyer is likely to invest about Rs 2,100 crore ($250 million), valuing the subsidiary at about Rs 17,000 crore ($2 billion). Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals. HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals’ revenue. The promoters have been in discussions with various investors to dilute a minority stake in the pharmacy subsidiary for the last couple of years. Talks were previously held with Amazon,

Shankar Sharma portfolio: Ace investor Shankar Sharma's name has appeared in the shareholding pattern of Vertoz Advertising Ltd for the January to March 2024 quarter. As per the shareholding pattern of this AI company, Shankar Sharma has picked a stake in the company during the recently ended Q4FY24. Shankar Sharma owns around 2.20 percent stake in the company.

Vijay Kedia portfolio: Ace investor of the Indian stock market Vijay Kedia's company kedia Securities name has appeared in the shareholding pattern of Reliance Infrastructure Ltd. kedia Securities' name has appeared in the shareholding pattern of Anil Ambani-led company's shareholding pattern for the January to March 2024 quarter. The market magnate owns a 1.01 percent stake in this Reliance ADAG company.

Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced

with rising construction costs of the team’s new stadium being built across the street from its current facility, and scheduled to open in 2026. The initial cost of the stadium was pegged at $1.4 billion when a preliminary agreement was struck with the state and county in March 2022. That number jumped to $1.54 billion months later and was last projected to be approaching $1.7 billion in August.

Ashish Kacholia portfolio: Shares of Sanjivani Paranteral Ltd are one of the multibagger stocks that the Indian stock market has produced in recent years. This multibagger pharma stock has risen to the tune of 300 percent in the year but it seems that ace Indian stock investor Ashish Kacholia is still bullish on this small-cap stock. Ashish Kacholia's name has appeared in the shareholding pattern of Sanjivani Paranteral Ltd for the January to March 2024 quarter.

government is considering to sell the remaining 15% stake in multiple tranches, and the Telecom Consultants India Limited (TCIL) would share proceeds of Bharti Hexacom’s debut initial public offering (IPO) as a special dividend.

Porinju Veliyath portfolio: Kerala Ayurveda shares are one of the multibagger stocks that the Indian stock market has delivered in one year time. This small-cap multibagger stock has risen over 200 percent in one year and around 325 percent in the last five years. However, the Czar of small-cap stocks in India, Porinju Veliyath is still bullish on this multibagger pharma stock.

Promoters of over 200 companies increased their shareholdings in the quarter ended March 2024, as optimism around long-term business prospects dominated near-term concerns over elevated valuations. According to an ET study of the shareholdings of 2,300 companies, which have disclosed their fourth quarter shareholdings so far, stake increases by promoters in these firms are the highest in over eight quarters. While some promoters raised their holdings through rights issues or converting warrants into shares, many bought shares from the open market.

Nadir Godrej resigned from the board of Godrej & Boyce earlier this year, while Jamshyd Godrej relinquished his seat on boards of GCPL and Godrej Properties. The amicable separation is between two branches of the founding family with Adi Godrej and brother Nadir Godrej on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other. The latter two are brother and sister.

₹8,300 Crore, or $1 billion during the January-March quarter of fiscal 2023-24 (Q4FY24). The six Adani firms are Ambuja Cement Ltd., Adani Ports and SEZ, Adani Power Ltd., Adani Green Energy Ltd., Adani Enterprises Ltd., and Adani Energy Solutions Ltd, according to an IIFL Finance report.

Vijay Kedia portfolio: With the beginning of a new financial year, a good number of retail investors and market observers are busy scanning the shareholding pattern of ace investors. This exercise helps them understand the direction in which smart money has moved in the previous quarter. For such stock market investors and market observers, there is a piece of stock market news.

Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks suggest that the acquisition may value Fabindia at an amount lower than the $2.5 billion initially estimated during the clothing company's failed initial public offering (IPO), the report added. Should the deal materialize, it could mark a significant move within the sector, potentially becoming one of the largest transactions following Aditya Birla Fashion Retail's acquisition of a controlling interest in TCNS Clothing last year.