Vascon Engineers Shares Drop 5% on Divestment of GMP Technical Solutions
Shares of Vascon Engineers Ltd. dropped by almost 5% after touching a day’s high of Rs 80.75 on 18 July, after the company approved divestment...
Tag : divestment
PB Fintech Plans to Acquire 100% Stake in Genesis Group
The parent company of Policybazaar PB Fintech on 1 May announced that the Board of Directors had given approval to three proposals. The company’s board has also...
Infibeam Avenue Shares Skyrocketed 10% on Plans to Acquire 20% Stake in XDuce Corporation
Shares of Infibeam Avenue Ltd surged 10% higher on 26 February after the company announced receiving approval from the Board of Directors to acquire a...
Indiabulls Sells Stake in Office Projects to Blackstone Group
Indiabulls Real Estate Ltd (IBREL) has sold its remaining stake in commercial office assets in Gurugram and central Mumbai to Blackstone Group LP for an...
Government To Sell Its 3 Percent Stake In Axis Bank
The Central government through it’s under control Specified Undertaking of the Unit Trust of India (SUUTI) is planning to raise around Rs 5,316 crores by...
Government Planning To Bring Down Stake In Public Sector Banks
According to the Government official, the Finance Ministry is trying to bring down the government’s equity in the Public Sector Banks (PSBs) to 52%, in...
CG Power subsidiary has completed divestment of power business
A step-down subsidiary of CG Power and Industrial Solutions has completed divestment of its power business in the US to WEG Electric Corp for an...
Cabinet has approved 10% divestment in Coal India
On Wednesday, the Cabinet has approved the proposal to sell 10 percent equity stake in Coal India, the largest coal mining company of the Country....
Govt going to divest 5% stake in PFC on July 2
On July 27, the government will be divesting 5 percent of its stake in Power Finance Corporation. Currently, the government holds 72.80 percent equity in...
Aurobindo has divested its Australian subsidiary to Eris Pharma
To focus on the US, European and emerging markets the company Aurobindo Pharma has divested stake in its Australian subsidiary to Eris Pharma. The amount...