[ AHMEDABAD: Adani Family, the promoters of Ambuja Cements Limited, on Wednesday announced that it will infuse an additional Rs 8,339 crore into Ambuja Cements Limited, by fully subscribing to the warrants programme in the company. This will take the promoter’s total infusion of Adani Family to Rs 20,000 crore into Ambuja Cements, the cement … Read more
[ NEW DELHI: Enterprise messaging firm Route Mobile’s public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company’s ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging … Read more
[ MUMBAI: South African insurer Sanlam has said it will hike its stake in Shriram General Insurance to 50.99% from 40.25% and in Shriram Life Insurance to 54.4% from 42.38%. The insurer would also cut its stake in Shriram Finance from 10.19% to 9.54%.The stake hike in Shriram’s insurance arms will be achieved by purchasing … Read more
[ AHMEDABAD: Adani Ports and Special Economic Zone (APSEZ), the ports and logistics arm of Gautam Adani-owned Adani Group on Tuesday announced it has acquired a controlling 95% stake in Odisha-based Gopalpur Port. APSEZ has agreed to acquire the stake for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080 … Read more
[ KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), via its special purpose vehicle, has divested a 50.2 per cent equity stake in Icon Offshore Bhd to Liannex Maritime Sdn Bhd for RM172.7 million. This will consequently result in a mandatory takeover offer, Ekuinas said in a statement. Ekuinas said that following a debt restructuring exercise in … Read more
[ MUMBAI: SoftBank has cut another 2.1% stake in Paytm, reducing its shareholding in the fintech firm to 2.8%, the company said in a recent stock exchange filing. The Japanese investment behemoth which bets heavily on tech firms had invested over $1 billion into Paytm and held about 18% stake in the Noida-based company at … Read more
[ NEW DELHI: Despite opportunities of a windfall, govt has decided against diluting its stake in Vodafone Idea as the company, which has seen a surge in its share prices over the past few months, takes final steps towards fund-raise that will take place on Feb 27.At 33%, govt remains the largest shareholder in the … Read more
[ NEW DELHI: GMR Group has increased its stake in Hyderabad airport from 63% to 74% by acquiring the 11% held by Malaysia Airport Holdings Berhad (MAHB) Group for $100 million. The remaining 26% stake is held equally by Airports Authority of India (AAI) and Telangana government.In a regulatory filing on Jan 26, GMR Airport … Read more
[ MUMBAI: HDFC Bank said on Thursday that RBI has allowed LIC to increase its stake in the bank up to 9.99%.This is an enabling provision in line with RBI norms of shareholding of private banks. RBI has separate fit-and-proper guidelines for companies that are allowed up to 5% stake and for entities holding from … Read more
