WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on the…
British American Tobacco Plc (BAT) on Wednesday divested a 2.5 per cent stake in Indian conglomerate ITC Ltd for Rs 12,941 crore through open market transactions, reducing its shareholding in the FMCG giant to 22.94 per cent from 25.44 per cent.According to bulk deal data available with the National Stock Exchange (NSE), BAT’s affiliate Tobacco…
Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
Debt-laden Vodafone Idea Ltd (Vi) said on Friday that its board has approved changes to the shareholders’ agreement to allow promoters — Aditya Birla Group and Vodafone Group — to retain governance and management rights, even as the Indian government’s stake in the company has risen to 48.99%.The proposed amendment, approved during a board meeting…
A third round of talks between Iran and the United States over Tehran’s nuclear activities was planned for Saturday, raising hopes for a new accord that could avert another conflict in the Middle East. “I think we’re going to make a deal with Iran. Nobody else could do that,” President Trump said in an interview…
NEW DELHI: Amid ongoing tariff talks, India is stepping on the gas — literally — to reduce its trade surplus with the US in the hope of an early deal. State-run gas utility GAIL has invited expressions of interest for acquiring upto 26% stake in a US LNG (liquefied natural gas) project and a 15-year…
Rising uncertainty and fear of deportation have begun to affect a new group of Indian students in the US — those pursuing degrees in science, technology, engineering, and mathematics (STEM). This concern follows the introduction of a Bill in the US Congress that seeks to end the Optional Practical Training (OPT) programme, which currently allows…
he government’s stake in Vi will increase to 48.99% from 22.6%. Vodafone Idea’s shares experienced a significant increase of 19.41%, reaching Rs 8.15 on the BSE on Tuesday, following the government’s decision to convert Rs 36,950 crore of the company’s spectrum payment dues into equity, thereby improving its financial position and reducing statutory obligations.Also Read:…
The trade deadline is behind us and there are only 26 days until the end of the 2024-25 NHL regular season. With each team having 15 or fewer games left, attention has shifted to the final stretch of the season. Whether a team is vying for a division title, in a tight playoff chase or…