The promoters of Dewan Housing Finance Corporation (DHFL) are willing to give up their controlling stake to global private equity (PE) funds, according to people in the know. They said the firm is looking to raise Rs...
Mindtree acquisition saga: Nalanda Capital sells entire 10.6% stake to L&T
The founders of Mindtree on Monday lost their last line of defence against L&T’s takeover bid as Nalanda Capital sold its entire 10.6 per cent stake in the Bengaluru-based firm to the engineering major. Sources said...
Emami Group promoters divest 10% stake for Rs 1,230 crore to pare debt
The promoters of Emami Group have sold 10 per cent of their stake in Emami for around Rs 1,230 crore, which will partially bring down promoter-level debt. The stake sale was executed on the floor of the stock exchange...
BNP Paribas Cardif to offload 2.5% stake in SBI Life for Rs 1,625 crore
BNP Paribas Cardif, the joint venture partner in private life insurance company SBI Life, will offload 2.5 per cent equity stake in the life insurance company for about Rs 1,625 crore. This will be done through an offer...
TCS hikes stake in Japanese JV to 66% with $32.6 million investment
Global IT company Tata Consultancy Services (TCS) on Monday announced a 15 per cent increase in its stake in TCS Japan, its joint venture (JV) with Mitsubishi Corporation (MC), with an investment of JPY3.5 billion ($32...
Hindujas to hike stake in IndusInd Bank, infuse Rs 2,700 cr via warrants
The Hindujas will pump another Rs 2,700 crore into IndusInd Bank through a warrant issue to ramp up the promoter holding after the merger of Bharat Financial, a senior official from the private sector lender has said...
Sundaram Finance acquires BNP Paribas’ stake in two joint ventures
Sundaram Finance Ltd (SFL) has entered into an agreement to acquire the stakes of its partner BNP Paribas in Sundaram BNP Paribas Home Finance Limited (SBPHFL) and Sundaram BNP Paribas Fund Services Ltd (SBFS) for a...
NCLT admits Jet Airways for bankruptcy, sets 90 days for resolution
The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders’ consortium led by State Bank against Jet Airways. The tribunal has also appointed Ashish Chhauchharia of...
Can Fin Homes gains 5% after Canara Bank initiates stake sale process
Shares of Can Fin Homes rallied up to 5 per cent intra-day on the BSE on Wednesday after the parent Canara Bank, re-initiated stake sale process in the subsidiary housing finance company. State-owned Canara Bank on June...
Acquisition of ShopClues by rival Snapdeal unlikely to materialise: Report
The acquisition of ShopClues by larger rival Snapdeal is unlikely to materialise, sources said. The two players were in talks for the acquisition in an all-stock deal. The companies have engaged in such discussions in...
Chinese lenders demand at least $2.1 billion from Anil Ambani’s RCom
Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from Anil Ambani’s Reliance Communications, that slid into...
NDTV to file appeal against Sebi’s Rs 12L fine order for disclosure lapses
News broadcaster New Delhi Television Ltd (NDTV) Wednesday said it will be file an appeal against Sebi’s decision to impose a penalty of Rs 12 lakh on the company for failing to make timely disclosures to the...
