Azim Premji Trust is planning to sell 26.67 million (2.6 crore) shares in Wipro at a price range of Rs 255.40 to 260.78 per share, TV news channels reported citing the IT services major. The trust will end selling up to...
Disinvestment on fast track: PSU stake sale pricing, timing to be decided quickly with new mechanism
To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale. “The CCEA...
L&T Infotech likely to finalise Mindtree stake acquisition this week from Cafe Coffee Day founder
L&T Infotech is likely to finalise acquiring Cafe Coffee Day founder VG Siddhartha’s 20.41% stake in Mindtree as early as this week for a price close to `975/ share, which is higher than the price offered by KKR at...
Jai Kisan raises $1.5 million in seed round led by Blume Ventures
Fintech platform Jai Kisan has announced that it has raised $1.5 million in a seed round, led by venture fund Blume Ventures, Prophetic Ventures, Better Capital, Astarc Ventures, Harshbeena Zaveri (NRB Bearings), Sanjay...
ICICI Bank to buy 9.9% in NBFC Kisan Finance for Rs 18 crore
ICICI Bank Monday said it will acquire 9.9 per cent stake in non-banking finance company Kisan Finance for cash consideration of Rs 17.82 crore. The bank said it will buy 1.49 crore shares to acquire 9.9 per cent stake...
Reliance’s Mukesh Ambani gears up for e-commerce play, acquires two more startups
Business magnate Mukesh Ambani seems to be developing a penchant for partnering with startups. Textile-to-telecom giant Reliance Industries has now entered into agreements to acquire two startups, first, last mile...
L&T Info may offer Rs 975/share for Siddhartha Mindtree stake
L&T Infotech may be considering to offer a price close to `975 per share for acquiring Cafe Coffee Day founder VG Siddhartha’s near-21% stake in IT services firm Mindtree and is in advanced stages of negotiation, an...
Dubai’s courier giant Aramex sells India unit to logistics startup Delhivery
Soon-to-be unicorn logistics startup Delhivery has acquired India operations of the Dubai-based logistics company Aramex. Delhivery’s co-founder Suraj Saharan confirmed the development however didn’t provide further...
Bharat Biotech to acquire Chiron Behring from GSK
Vaccine manufacturer Bharat Biotech will be acquiring 100% equity stake in Chiron Behring Vaccines in an all-cash transaction from GlaxoSmithKline Asia for an undisclosed sum in the coming weeks. Refusing to share the...
PNB seeks to raise Rs 20 crore from 4% stake sale in Crif High Mark
Punjab National Bank (PNB) has put up for sale its 4% stake in Crif High Mark Credit Information Services, according to a sale document. The bank has appointed PNB Investment Services as the merchant banker for the sale...
Prudential Financial seeks new partner for insurance JV as DHFL mulls exit
Prudential Financial, the foreign partner in DHFL Pramerica Life (DPLI) Insurance, which holds 49% in the joint venture, is seeking a new majority Indian shareholder for the company. Dewan Housing Finance Corporation...
Modi govt may merge PNB, OBC and PSB to create giant PSU lender
The government is weighing the possibility of the next phase of consolidation in the public sector banking space by amalgamating three lenders —Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and Punjab...
