Asset Sales

Disney Hotstar India Chief Sajith Sivanandan Resigns Following Merger With Reliance: Report
|Disney Hotstar India chief Sajith Sivanandan steps down after ₹70,500 crore merger with Reliance's media assets. JioCinema's future uncertain, competition with Sony, Netflix, Amazon.
'JioHotstar' For Sale: Delhi Developer Looking To Sell Domain To Fund Higher Studies
|A Delhi-based application developer has put up his 'JioHotstar' domain for sale, hoping it would fund his higher education at Cambridge University. The anonymous developer hopes to attract Reliance Industries as a potential buyer, following the conglomerate's recent merger.
Adar Poonawalla Buys 50% Stake In Dharma Productions For ₹1000 Cr
|Adar Poonawalla to buy 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment for Rs 1,000 crore to capitalize on India's entertainment industry. Johar and Apoorva Mehta to retain positions.
CEO Says Byju's Valued At Zero, Social Media Slams Founder Raveendran For Laying Blame On Everyone Else
|Byju's CEO said exit of key investors hurt ability to raise funds. Investors wrote off investments & lenders took company to US court after missed payments. Social media users criticised the founder for evading responsibility.
Karan Johar's Dharma Productions Offers Stake To Mukesh Ambani's Reliance Amid Growing Troubles: Report
|A potential deal would bolster Reliance's presence in India's content production sector, though the size of the stake under negotiation has not been confirmed.
SpiceJet's Shares Take Flight After Fresh Infusion of Funds
|The debt-ridden carrier also said that the board has approved the issuance and allocation of 48.70 crore equity shares to qualified institutional buyers at ₹61.60 per share.
Adani Group To Pick Up 47% Stake In ITD Cementation As It Looks To Supercharge Portfolio: Report
|The agreement for this acquisition was reportedly reached earlier this week and an official announcement is expected shortly.
IREDA Shares Climb On Fundraise Approval, Up To 7% Stake Dilution For Govt
|The alternative mechanism, a decision-making body, has allowed IREDA to dilute the government's shareholding by up to 7% in one or more stages. However, even after the QIP, the government will retain its position as the majority shareholder in the company.
LIC Raises Stake In This Railway Stock, Shares Up 2%
|Its stake in the railway sector "miniratna" PSU has risen by 2.02% from December 16, 2022, to September 11, 2024, at an average cost of ₹657.61.
Nazara Tech Share Price Wobbly As It Looks To Pump Nearly ₹1,000 Cr Into PokerBaazi
|Of the total, ₹592.26 crore will be paid in cash, while the remaining ₹239.25 crore will be settled through a share swap, representing a 3.17% stake in Nazara Technologies.
Hyundai Plans Strategic SUV Rollout To Reclaim Market Share Ahead Of $3B IPO: Report
|Hyundai is launching new SUVs in India to regain market share and prepare for its $3B public listing. Competitors Tata and Mahindra also have plans for EVs and SUVs.
Cyient Shares Surge 3% On Plans To Offload Stake In Unit Via Block Deal
|Cyient is set to sell a 14.5% stake in subsidiary, Cyient DLM, through block deals on Wednesday for capital investments and debt repayment. JP Morgan maintained an "overweight" call and expects no reduction below 51% in shareholding.
Hindustan Zinc Falls Amid Vedanta's Plans For Larger Stake Sale At Discount, Reports Of ₹8,000 Cr Special Dividend
|Despite Hindustan Zinc's strong performance so far this year, the company reported a debt of ₹11,178 crore as of June 30, contributing to Vedanta Group's consolidated debt of ₹78,016 crore.
Yes Bank's Stake Sale Hits Snag On Tussle Over RBI's Local Banking Rules: Report
|These demands conflict with the bank licensing norms that require promoters to reduce their stake to 26% within 15 years of starting operations and cap voting rights at 26%.
Defence Stocks HAL, BEL, Others Stumble Amid Divestment Concerns Ahead Of Budget, Say Experts
|Defence stocks are under pressure after the strong rally. Experts attribute the high valuations and possible govt. stake sale in PSU stocks during budget.
Tata Sons Reportedly Mulls Stake Reduction In This Unit As It Sets Stage For IPO
|Tata Sons will likely sell its shares in stages but the exact timeline for both the stake reduction and the IPO has not been revealed yet. 
Hindustan Unilever Shares Gain On Sale Of Pureit Business
|The sale will be conducted on a slump sale basis, following the board's decision to transfer it to A.O. Smith India Water Products.
M&M and JSW Group Vie For Slice Of Skoda India Business As Czech Carmaker Eyes Profit Boost: Report
|Skoda Volkswagen has struggled with market share growth and local manufacturing. Aligning with Mahindra or JSW could address these issues, potentially increasing profitability and sustainability.
Yes Bank Shares Climb 7% As Moody's Outlook Upgrade Takes Note Of Healthy Performance
|Meanwhile, there have been reports of a large stake sale at the bank that could see a change in majority ownership, though the lender has so far denied the reports. However, its biggest shareholder, State Bank of India, has been reportedly looking to offload its entire 24% stake.
Why Is Dixon Tech's Share Price On The Rise Today?
|Dixon Tech plans to divest its entire 50% stake in the JV, AIL Dixon Tech, to Aditya Infotech. In return, Dixon will acquire a 6.5% stake in Aditya Infotech, according to an exchange filing.
Blackstone In Talks To Gobble Up Majority Stake In Haldiram's In ₹70,000 Cr Deal: Report
|The potential deal, reportedly worth up to ₹70,000 crore, could become the biggest private equity buyout in India's history.
Govt Mulls Cutting Up To ₹4,700 Cr Stake In CONCOR, Divestment Plans Shelved Indefinitely: Report
|Several government officials reportedly said that the divestment of CONCOR has been indefinitely suspended due to underwhelming response of potential buyers.
Patanjali Foods' Share Price Briefly Hits All-Time High Amid Plans To Acquire Parent's Non-Food Business
|The acquisition will consolidate Patanjali's FMCG product portfolio, bringing key synergies in brand equity, product innovation, cost optimisation, infrastructure, operational efficiency and market share growth.
JSW Infra Share Price Shoots Up 4.5% As It Enters Logistics With ₹1,000 Cr Acquisition
|Following the acquisition, JSW Infra will trigger a mandatory open offer, offering ₹105 per share to Navkar's minority shareholders.
Vedanta's U.K. Parent Cuts Stake Again To Ease Debt Woes
|Vedanta Resources has sold 9.79 crore shares of Vedanta for an average price of ₹427.21 per share through Finsider International, owned by Vedanta Resources. 
Bharti Airtel In Talks For Big Indus Towers Play And Has A Solution To Vodafone Dues: Report
|Last week, Bharti Airtel acquired an additional 1% stake in Indus Towers. At the same time, Vodafone Group sold a stake in block deals that resulted in 20% equity in the company changing hands.
Hyundai India's $3B IPO Is Set To Be Country's Biggest: Everything You Need To Know
|Hyundai's Indian operations are operating at about 94% capacity, signalling a need for expansion.
© 2024 Benzinga | All Rights Reserved