If Microsoft Corp completes its acquisition of Activision Blizzard in the coming months, the $69 billion deal will go down as one of the biggest comeback stories in the history of mergers. By this past April, the gaming...
Reliance Industrial Investments becomes RIL promoter, buys 3.56% in Petroleum Trust
Reliance Industrial Investments and Holdings Limited (RIIHL) has become the promoter entity of Reliance Industries Limited, following the acquisition of a 3.56% stake in Petroleum Trust, another promoter entity...
SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore
In a bid to reduce its shareholding in e-commerce platform, FirstCry, Japanese firm, SoftBank, has reportedly sold its stake to three Indian business family groups, reported Economic Times. As per the report, the...
IDBI divestment unlikely this fiscal
The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, two people with direct knowledge of the matter said, posing a challenge to the Centre’s ability to meet the ₹51,000 crore...
GQG Partners acquires 2.2 million shares, raises stake in Adani Ports to 5.03%
GQG Partners purchased 2.2 million shares of Adani Ports on Thursday week, raising its stake in the company to 5.03 per cent, GQG Partners said in a disclosure. The investment firm had already held a 4.93 per cent stake...
Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore
Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
TAQA considers $2.5 billion investment in Gautam Adani’s power business: Report
Abu Dhabi National Energy Company PJSC (TAQA) is evaluating an investment of up to $2.5 billion in Indian billionaire Gautam Adani’s power business, according to a report published by Economic Times. TAQA is the...
China’s real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal
China’s real estate giant Evergrande Group has filed for bankruptcy protection in the United States on Thursday. The company has sought protection under Chapter 15 of the US bankruptcy code, a measure that protects non...
RBI rejects Cred bid to boost stake in Newtap Fin
Cred’s attempt to increase its stake in a non-banking finance company founded by Kunal Shah has run into hurdles, with the Reserve Bank of India rejecting the Bengaluru-based fintech’s application, two people familiar...
US Steel proposes new offer to ArcelorMittal, may reverse retreat from US: Report
Indian steel magnate Lakshmi Mittal’s company ArcelorMittal SA may not have to retreat from the US as US Steel Corp has reportedly proposed a new offer to the company. According to a report by Reuters...
Adani family sells $1.1 bn power arm stake to GQG
The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising...
Fairfax offloads 5.9% stake in IIFL Securities for ₹118 crore
Fairfax Group sold its 5.9% stake in brokerage firm IIFL Securities for ₹118 crore through open market transactions. The stake was sold by Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax...
