The Union finance ministry may ask a new banking reforms committee to consider proposals to merge 12 state-run lenders into five and raise their foreign investment cap to 49%, three people aware of the discussions said...
Mint
Centre to raise ₹13,000 cr via OFS in three state-run banks
The government plans to raise around ₹13,000 crore through an offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank to meet the minimum public shareholding norms prescribed by the Securities and...
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank
Capital Small Finance Bank share price will be in focus on Wednesday after a significant block deal in the stock. Oman India Joint Investment Fund II (OIJIF II), a private equity investment firm promoted by the...
Dharana Capital buys 12-14% stake worth ₹225 crore in Mygate
Dharana Capital has acquired a 12-14% stake in residential community management platform Mygate for about ₹225 crore, backing the startup’s plans to expand its presence across India and broaden its product...
Govt to sell up to 3% stake in NLC India via OFS at ₹303 per share
The Centre on Monday launched an offer for sale (OFS) of a 2% base stake in state-run NLC India Ltd (formerly Neyveli Lignite Corporation), with a 1% greenshoe option in the event of oversubscription, as it seeks to...
Berkshire Hathaway’s first post- Warren Buffett acquisition: Buys homebuilder Taylor Morrison for $8.5 billion
Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corporation in an $8.5 billion all-cash transaction, its first announced takeover since Warren Buffett stepped down as chief executive, as the conglomerate...
Leapfrog, IFC and NIIF eye ₹400 crore minority stake in Marengo Asia Healthcare
Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog Investments, International Finance...
LIC raises stake in Central Bank of India to over 6% amid government OFS move
State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares. In an exchange filing, the Central Bank...
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
‘Neither credible nor attractive’: eBay turns down $56 billion takeover bid from GameStop
eBay on Tuesday turned down a $56 billion takeover offer from GameStop, citing concerns about how the deal would be financed, while reaffirming confidence in its ongoing turnaround strategy that has helped drive growth...
Actis restarts Nxt-Infra sale process, appoints Ambit
General Atlantic-owned infrastructure investor Actis LLP is looking to cash out, fully or partly, from its listed Indian roads platform Nxt-Infra Trust, two people aware of the matter told Mint. “Actis is prepared to...
