Mumbai: IndusInd International Holdings (IIHL) will acquire a 60% stake in Invesco Asset Management. Invesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been disclosed. IIHL is the promoter entity of IndusInd Bank. Invesco is the fifth-largest foreign … Read more
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
Mumbai: A continuing public market rally despite high stock valuations has made the promoters of Hyderabad-based Sai Life Sciences explore an initial public offering as an alternative to their original plan of roping in a private equity investor, people in the know said. A public listing would also give an exit route to existing financial … Read more
India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
The Stake F1 Team, operated by Sauber Motorsport out of Hinwil, Zürich, Switzerland, is facing some legal trouble regarding its 2024 title sponsor. The team—which ran as the Alfa Romeo factory squad from 2019 to 2023, and is set to become the Audi factory team in 2026—is sponsored by online crypto casino and sports betting … Read more
Adani Ports & Special Economic Zone. Share Price 1146.30 03:59 PM | 25 Jan 2024 25.71(2.30%) NTPC. Share Price 314.75 03:59 PM | 25 Jan 2024 5.90(1.92%) Coal India. Share Price 389.40 03:59 PM | 25 Jan 2024 6.80(1.78%) IndusInd Bank. Share Price 1512.00 03:57 PM | 25 Jan 2024 21.16(1.42%) ICICI Bank. Share Price … Read more
