The Qatar Investment Authority, a West Asia-based sovereign investment fund, has acquired a 2.7 per cent stake in Adani Green Energy for $500 million. This acquisition took place on Monday through block deals. According to banking sources, the group plans to utilise the proceeds from this transaction to reduce its debt and fund other… Continue reading Qatar fund buys 2.7% stake in Adani Green for $500 mn via block deals
Tag: stake
One97 Communications shares jump nearly 7% as Sharma buys Paytm stake
Vijay Shekhar Sharma, Founder, Chairman & CEO – One97 Communications (Paytm) Shares of fintech firm One97 Communications jumped nearly 7 per cent on Monday, following news that its founder and CEO Vijay Shekhar Sharma will acquire 10.30 per cent stake in Paytm from Antfin (Netherlands) Holding BV, through an off-market transfer in a no-cash… Continue reading One97 Communications shares jump nearly 7% as Sharma buys Paytm stake
Paytm founder set to acquire 10.3 per cent stake in the company from Antfin
Vijay Shekhar Sharma, founder and chief executive officer of One 97 Communications, is poised to purchase a 10.3 per cent stake in Paytm from Antfin (Netherlands) Holding BV, as the company notified the exchanges on Monday. According to the company’s regulatory filing, Sharma will acquire the stake in Paytm through his wholly-owned overseas… Continue reading Paytm founder set to acquire 10.3 per cent stake in the company from Antfin
Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin
Shares of One97 Communications, the parent entity of Indian mobile payments and financial services company Paytm, surged 12 per cent to Rs 887.55 on the BSE in Monday’s intra-day trade after founder and chief executive officer (CEO) Vijay Shekhar Sharma entered into an agreement with Antfin to purchase 10.3 per cent stake in Paytm through… Continue reading Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin
Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm’s parent One97 Communications, has agreed to purchase a 10.3 per cent stake in the fintech firm from Antfin (Netherlands) Holding BV, the company said in a filing on Monday. The purchase will be made off-market via Sharma’s 100 per cent owned Netherlands-based entity… Continue reading Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn
Tom Brady’s stake in EFL Championship team has Wrexham’s Ryan Reynolds, Rob McElhenney excited
Tom Brady has some new rivals as a minority owner in the EFL Championship’s Birmingham City FC. Ryan Reynolds and Rob McElhenney’s Wrexham AFC also plays in the EFL Championship. And though their teams will be battling for the same trophy, they are very pumped to see the NFL legend joining the league. “I know… Continue reading Tom Brady’s stake in EFL Championship team has Wrexham’s Ryan Reynolds, Rob McElhenney excited
Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results
Shares of Cipla hit a new high of Rs 1,238.55, as the rallied 6 per cent on the BSE in Friday’s intra-day trade, extending its past one week gain, on buzz that the promoters are looking to sell a part stake to private equity investors. In past seven trading sessions, the stock has surged 16… Continue reading Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results
Promoter entity Twin Star pares 4.1% stake in Vedanta for Rs 3,983 cr
Billionaire Anil Agarwal-promoted Twin Star Holdings on Thursday divested a 4.1 per cent stake in conglomerate Vedanta Ltd for Rs 3,983 crore through an open market transaction. Following the stake sale, shares of Vedanta tumbled 6.71 per cent to close at Rs 253.90 apiece on the NSE. According to the bulk deal… Continue reading Promoter entity Twin Star pares 4.1% stake in Vedanta for Rs 3,983 cr
Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Ambuja Cements on Thursday announced that it would acquire Sanghi Industries Ltd (SIL) at an enterprise valuation of Rs 5,000 crore. The Adani Group company will acquire a 56.74 per cent stake in SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals. According… Continue reading Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr
Ipca Laboratories acquires 33.38% stake in Unichem for over Rs 945 cr
Ipca Laboratories on Wednesday said it has completed the acquisition of a 33.38 per cent stake in Unichem for Rs 945.35 crore. Last week, Ipca got approval from the Competition Commission of India (CCI) for a 59.38 per cent stake purchase in listed Unichem Laboratories. “Post receipt of approval of CCI, the… Continue reading Ipca Laboratories acquires 33.38% stake in Unichem for over Rs 945 cr