IDBI Bank Stake Sale: Fairfax, Emirates NBD, Kotak Mahindra Bank Receive RBI Approval
Fairfax Financial Holdings, Emirates NBD, and Kotak Mahindra Bank are three potential bidders for the IDBI Bank stake. They have received the ‘fit & proper’...
Tag : equity stake acquisition
KEC International Leads in Acquiring ITD Cementation Promoter Stake, Shares Flat
Shares of KEC International Ltd. are trading flat after touching a day’s high of Rs 954.45 on 1st August after the company announced its emergence...
IIFL Fintech Fund Acquires a 10% Stake in Vitra.Ai
Financial services conglomerate IIFL Group backed IIFL Fintech Fund on 30 July and announced that they have made their first investment in Virta.ai, which is...
Adani-Sirius to Acquire 77.5% Stake in ParserLabs India
Sirius Digitch, a joint venture company between Adani Enterprises and Sirius International, on 17 July, announced that they have signed a binding agreement to acquire...
JSW Infra Shares Rally 5% as Arm Acquires Majority Stake in Navkar Corporation
Shares of JSW Infrastructure rallied 5% and hit a 52-week high of Rs 336 on 28 June after the company announced that its subsidiary had...
UltraTech Shares Shot Up 6% on Plans to Acquired 23% Stake in India Cements
Shares of UltraTech Cement Ltd shot up 6% and hit a 52-week high of Rs 11,874.95 on 27 June after the company’s Board of Directors...
UltraTech Cement Shares Surge 3% on Plans to Acquire Stake in RAK Cement
Shares of UltraTech Cement surged 3% on 26 June after the company announced its plans to acquire a stake in UAE-based RAK Cement (RAKWCT). On...
Coforge Shares Gain 2% on Receiving CCI Approval for 54% Stake Acquisition
Shares of Coforge were trading in the green and 2% higher on 26 June after the Competition Commission of India’s (CCI) approval of Coforge’s acquisition...
Bharti Airtel Acquires 1% Stake in Indus Towers via Block Deal
Sunil Bharti Mittal-led Bharti Airtel has acquired an additional 1% stake in Indus Towers. This acquisition comes shortly after reports indicated that the UK-based Vodafone...
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...