Indian Railway Finance Corporation Share Price 155.25 03:59 PM | 19 Sep 2024 -3.32(-2.09%) One97 Communications Share Price 655.05 03:59 PM | 19 Sep 2024 -16.41(-2.45%) YES Bank Share Price 22.95 03:59 PM | 19 Sep 2024 -0.38(-1.59%) ITC Share Price 508.25 04:02 PM | 19 Sep 2024 0.9(0.18%) HDFC Bank Share Price 1708.5 04:02 … Read more
Berkshire Hathaway’s Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a Bloomberg report. According to the SEC filing, Jain, who is one of Warren Buffett’s top lieutenants, sold 200 of his class A common stocks at an average of $695,418 per share, just … Read more
GMR Airports Infrastructure will acquire a 10% minority stake in Delhi International Airport Limited (DIAL) from Fraport AG Frankfurt Airport Services Worldwide for an aggregate consideration of $126 million. DIAL is a subsidiary of GMR Airports and the latter currently holds 64% stake in the company. Erstwhile known as GMR Infrastructure Limited (GIL), the company … Read more
Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more
Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand ‘The Man Company’. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. “The completion of the acquisition of Helios by Emami … Read more
Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting ₹3,100 crore for the resources conglomerate that had first sought to garner up to ₹6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6 … Read more
Mumbai: Vedanta Resources, the holding company of billionaire Anil Agarwal, sold a 2.63% stake in India-listed firm Vedanta on Wednesday through block deals. According to the BSE bulk deal data, Finsider International Company, an entity belonging to the promoter group, sold 97.95 million shares to raise ₹4,184 crore through the transactions. Vedanta Group, in a … Read more
Mumbai: Billionaire Anil Agarwal’s Vedanta Resources is likely to sell a minority stake in Vedanta Ltd this week through block deals, people aware of the development said. The promoter group is likely to sell a stake of about 2.5%, or 90 million shares, to raise ₹4,000 crore through the transactions, said one of the persons. … Read more
The Bhatia family, promoters of India’s largest airline IndiGo, is likely to to sell a 2% stake in the company on Tuesday for approximately ₹3,292.3 crore ($394 million) through a block deal, as per a term sheet reviewed by ET. This is the first time the Bhatia Family is selling their stake in InterGlobe Aviation … Read more
Birla Group Holdings Private Limited (BGHPL), a promoter of Grasim Industries, has raised its stake by 4.09% in the company according to an exchange filing by the company on Tuesday. BGHPL’s holding in the company has gone up to 23.18% now from Rs 19.10% at the end of the March quarter. The additional 4.09% stake … Read more
