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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
Hindustan Unilever Shares Gain On Sale Of Pureit Business
Defence Stocks HAL, BEL, Others Stumble Amid Divestment Concerns Ahead Of Budget, Say Experts
Tata Sons Reportedly Mulls Stake Reduction In This Unit As It Sets Stage For IPO
Hindustan Unilever Shares Gain On Sale Of Pureit Business
M&M and JSW Group Vie For Slice Of Skoda India Business As Czech Carmaker Eyes Profit Boost: Report
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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
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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?
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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
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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
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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
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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
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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
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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
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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
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Hyundai's Indian operations are operating at about 94% capacity, signalling a need for expansion.
Here's What Brokerages Think About Zomato's Talks To Buy Paytm's Ticketing Business As Shares Jump 5%
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Although neither Zomato nor Paytm have disclosed the transaction's valuation, media reports estimate the deal could range between ₹1,600 crore and ₹2,000 crore.
Indus Towers Share Price Takes A Dive Amid Reports Of Block Sale By Vodafone Group
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Vodafone Group has pledged its stake in Indus Towers to address dues of approximately ₹10,000 crore owed by its Indian arm, Vodafone Idea, to the mobile-tower operator. It remains unclear whether the proceeds from this current sale will be used to repay these dues.
LIC Share Price Rockets As Firm Said To Be Looking To Acquire Private Player To Enter Health Insurance Space
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LIC has reportedly submitted its health insurance plans to IRDAI, with no plans for a merger with a state-run general insurer.
Adani Is Ready To Shell Out $3B To Become India's Biggest Cement Maker: Report
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Adani's acquisition strategy likely involves Ambuja Cement, flush with ₹24,338 crore in cash and no debt. ACC could be a contender if synergies are stronger, especially in the south, where Adani seeks a foothold.
Why Are L&T Finance Shares Gaining Over 4% Today?
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The proposed block deal has reportedly already been initiated, with BNP Paribas acting as the advisor. One of the sources called it a "clean-up trade".
This Govt-Owned Stock Is Surging 9% On ₹3,000 Cr Divestment Plans
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The Maharashtra cabinet's recent approval of a stamp duty exemption, valued at around ₹300 crore, has removed a significant hurdle for the divestment.
Why IndiGo Share Price Is Falling Over 2% Today
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The floor price reportedly stands at ₹4,266 per share, which is a 6.5% discount to InterGlobe Aviation's closing price of ₹4,562.55 on Monday, with Citi acting as the i-banker on the deal.
SBI Life Share Price Drops 2% As Talks To Acquire Bharti AXA May Have Fallen Through
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This will delay the Mittal family's planned exit from the financial services sector but opens the door for private equity investors to potentially acquire the firm.
Jio Financial Asks Shareholders To Green Light 49% Foreign Equity Investment
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The company did not disclose which foreign entities were being considered for an equity infusion into the young financial services firm.
Warburg Pincus To Acquire Shriram Finance's Housing Loan Unit For ₹4,630 Cr After Intense Bidding War
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The deal, worth ₹4,630 crore, is contingent on regulatory approvals and other standard conditions. Once the transaction is finalised, SHFL will no longer be a subsidiary of Shriram Finance.
Tata Sons Increases Ownership In Tata Play To 70%, Buying Out Temasek
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Tata Play last year postponed its initial public offering initially slated after filing confidential documents with SEBI in November 2022 and receiving approval in May 2023.
Zomato's Deepinder Goyal Was Delhi's Biggest Land Buyer Last Year: Here's How Much It Cost Him
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In the NCR, a total of 29 land deals took place in the fiscal year ending March 2024. Among these, 22 transactions were concentrated in Gurugram.
This New-Age Tech Stock Is Up Over 2.5% After U.S. Firm Ups Stake
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Recently, PB Fintech announced a partnership with ICICI Lombard to provide insurance solutions to 1 crore customers and incorporated a new subsidiary, PB Pay, to operate as a payment aggregator.
Nikhil Kamath Takes Bite Out Of Sachin Bansal's Stake In This Hero MotoCorp-Backed Company
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Ather Energy's recent fundraising efforts come after postponing plans last year due to unfavorable market conditions. Instead, it raised ₹900 crore in September 2023 from Hero MotoCorp and GIC through a rights issue.
UBS Bearish On Bajaj Finance's IPO Plans Ahead Of Results, Shares Dip
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Bajaj Housing Finance, a wholly-owned subsidiary of Bajaj Finance, is reportedly gearing up to launch its IPO within the next 12 to 18 months.
Here's Why Yes Bank Share Price Is Zooming 3% Today
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Initial bid submissions for Yes Bank are reportedly anticipated by April-end.
Major Deal In Sri Lanka Sends Airtel Stocks Flying 5%: Here's Why
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The Telecommunications Regulatory Commission of Sri Lanka has approved the merger, highlighting its commitment to advancing telecom services in Sri Lanka. Airtel Sri Lanka began its operations in 2009.