stake News

Govt issues clarifications on Air India stake sale

As per the information memorandum, issued in March, the government would retain 24 per cent stake in the national carrier, the winning bidder would be required to stay invested in the airline for at least three years.

NRI businessman M A Yousuf Ali picks up stake in Federal Bank

Ali purchased a 4.47 per cent stake in Federal Bank from Dubai-based Emirates Financial Services.


IOC in talks to buy Petronas’ 10% stake in Canadian asset

Indian Oil Corp (IOC) is in talks to buy Malayasian oil firm Petronas’ 10 per cent stake in Canadian shale gas assets,which are touted to be worth at least $1.5 billion.

Now,Mukesh Ambani picks up stake in Epic TV

Epic TV is a niche high-definition channel,which will have content based on the nation's history,folklore and mythology in a contemporary format

CCI clears RIL buyout of Bharti’s stake in insurance JV

In its first case of mergers and acquisition,the Competition Commission of India has cleared Mukesh Ambani-led RIL’s buyout of Bharti group’s 74 per cent stake in an insurance joint venture with AXA of France.

Sterling Biotech promoters pledge 10.42% stake

Sterling Biotech said its promoters pledged 8.86 lakh shares of the firm on June 16.


Standard Chartered PE firm buys 10% in Redington India

The transaction of 47.63 million shares took place via a block deal on the BSE at Rs 91.9 a share.

HDFC to buy 12% stake in nation’s first e-hospital

HDFC has invested around Rs 2.4 crore for acquiring approximately 12 per cent stake in the first e-hospital — MediAngels — in the country.

Essar to exit Vodafone JV for $5.46 billion,deal value up by $460 mn

Essar will also pay a withholding tax of $880 million to the government,under protest.

Cairn,Vedanta rejig deal,drop non-compete fee

Takeover cost to come down from $6.65 bn to $ 6.02 bn; Sale to be executed in two tranches.

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India set to raise $730 mn from NTPC stake sale

New Delhi, Feb 24 (ANI): India's sale of a five percent stake in top power producer NTPC Ltd. received bids for 80 percent more shares than were on offer for institutional investors on Tuesday, setting the government on course to raise about $730 million. Retail investors, for whom a fifth of the NTPC issue is reserved, can place bids on Wednesday, after which the final price and total proceeds will be ascertained. Unsubscribed shares from the retail portion will be allocated to the funds.