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Tag Archives: stake

Saregama India invests 100% stake in Saregama FZE

Saregama India has invested in 100% capital of Saregama FZE, as a result whereof Saregama FZE has become a wholly owned subsidiary of the company. The object of the acquisition is to start a business of distribution of Music Player with FM and Blue Tooth and prerecorded songs in it ... Read More »

Nerka Chemicals hikes stake in UPL

Nerka Chemicals has bought 50,000 equity shares of UPL on October 05, 2018 representing 0.01% of the total shareholding in the company. After this acquisition, Nerka Chemicals’ shareholding is 10,23,92,927 equity shares representing 20.10% of the total shareholding in the company. UPL is global player of crop protection products has ... Read More »

Federal Bank gets RBI’s nod to sell 45% stake in Fedfina

Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North ... Read More »

Mercator’s Promoter hikes stake in the company

Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, ... Read More »

Thomas Cook gets nod to acquire 24% stake in TravelJunkie Solutions

Thomas Cook (India) has received an approval for acquisition of a 24% strategic stake in TravelJunkie Solutions, a Mumbai based travel tech start-up via its wholly owned subsidiary TC Tours. TravelJunkie Solutions developed Ithaka – a chat-based mobile application serving FIT (Free Individual Travellers) customers by recommending authentic local experiences ... Read More »

Prataap Snacks acquires 76.88% stake in Avadh

Prataap Snacks has completed the acquisition of 76.88% of the share capital of Avadh Snacks (Avadh) from certain of its existing shareholders on October 4, 2018. Earlier, the Board of Directors of the company in a meeting held on October 1, 2018, took note and approved the payment made towards ... Read More »

Walmart buys 77% stake in Flipkart for $16 billion

United States retail giant Walmart will buy 77% stake in India’s Flipkart for 16 billion dollars.   Walmart’s Krish Iyer will be the CEO of the company which will continue to be based out of Bengaluru. Walmart and Flipkart will remain separate brands and the Indian e-commerce company will have ... Read More »

India Value Fund sells 1.8% stake in TD Power

India Value Fund IV has sold a little over six lakh shares or 1.8 per cent stake in TD Power Systems. The fund house has offloaded 2.52 lakh shares on the NSE at an average price of Rs 201.05 a share and 3.48 lakh shares on the BSE at Rs ... Read More »

Sun Pharma’s arm hikes stake in Ranbaxy Malaysia

Sun Pharmaceutical Industries’ one of the wholly owned subsidiaries has increased its shareholding in Ranbaxy Malaysia, Malaysia, by way of further purchase of 386,865 shares of face value of MYR 1.00 each (equivalent to 4.84%) of Ranbaxy Malaysia. Ranbaxy Malaysia, is a subsidiary of the company, and the total shareholding ... Read More »

New World Fund sells 1% stake in Vakrangee

New World Fund has sold 1.06 crore shares or 1% stake in Vakrangee through an open market transaction. It has sold the shares at Rs 253.27 per share on NSE. Vakrangee is the unique technology driven company focused on building India’s largest network of last-mile retail touch points to deliver ... Read More »

Bharti Airtel acquires strategic stake in Juggernaut Books: Report

Bharti Airtel has reportedly acquired a strategic stake in Juggernaut Books, a popular digital platform to discover and read high quality, affordable books and to submit amateur writing. The investment is in line with the company’s endeavour to build an open content ecosystem and bring world-class digital content to its ... Read More »