Stake Sale
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Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale
Fp Staff •Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.
Jet Airways crisis: Founder Naresh Goyal likely to submit bids today for stake in cash-strapped airline
•Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for a stake in the airline on Thursday, sources said
Jet Airways shares trade marginally lower in morning session as lenders prepare to invite bids for stake sale in ailing airline
•Recouping early losses, shares of Jet Airways were trading marginally lower Friday morning as lenders prepare to invite bids for stake sale in the ailing airline
J&K Bank to sell stake in PNB Metlife for Rs 185 cr to Oman India Joint Investment Fund
•J&K Bank holds 5 percent stake in the insurance venture.
Reliance Capital claims stake sale to halve debt by around Rs 12,000 cr over next three to four months
•Reliance Capital on Thursday claimed that it is hopeful of pairing its debt by around Rs 12,000 crore over the next three to four months, by when it expects to complete the stake sale in Reliance Nippon Life Asset Management and Reliance General Insurance
Emami promoters sell 10% stake for Rs 1,600 cr to SBI MF, L&T MF, PremjiInvest, others
•The Emami Group on Monday said its promoters have sold 10 percent stake in the flagship firm Emami Ltd for around Rs 1,600 crore
LIC-IDBI deal: IRDAI to set timeline for insurance behemoth to cut stake in state-owned bank to 15%
•The permissible limit for insurance companies to hold a stake in any listed entity is 15 percent at present.
LIC-IDBI deal: Insurance board to meet today to decide on 51% stake hike plan, timeline, strategy
•In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.
L&T Infotech stock falls over 3% as promoter proposes to offload stake in the company
•L&T proposed to sell up to 59 lakh equity shares representing 3.41 percent of the total paid up equity share capital of Larsen & Toubro Infotech, with an over subscription of 46.28 lakh equity shares representing 2.67 percent though stock market route on Monday and Tuesday
Flipkart shuts eBay India operations, says will soon launch a new shopping experience
Ians •Founded in 1995, eBay forayed into the Indian market in 2004.