The investment of 30.37% is in 4,736 shares of Rs 10 each at a premium of Rs 21,103 each and; 2,841 preference shares of Rs 100 each at a premium of Rs 21,013 Bharat Forge has completed Tranche I investment i.e. 30.37% (investment of 30.37% in 4,736 shares of Rs 10 each at a premium … Read more
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 of Sun Pharmaceutical Industries along … Read more
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 real-time banking, insurance, e-governance, ecommerce … Read more
Reliance Infrastructure (RInfra) has received an approval from Competition Commission of India (CCI) for 100% stake sale of its Mumbai Power Business which includes integrated business of generation, transmission and distribution of power for Mumbai to Adani Transmission (ATL). Total consideration value is estimated at Rs 18,800 crore. Transaction is expected to be completed by … Read more
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 customers. The investment from the … Read more
Petronet LNG has dropped plans to buy 25% stake in GSPC’s Rs 4,500-crore Mundra LNG import terminal in Gujarat to allow its promoter IOC to pick a larger stake. Indian Oil Corporation (IOC) has been talking to Gujarat State Petroleum Corporation (GSPC) for almost two years now for acquiring 50% stake in the 5-million tonne … Read more
