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SHAPOORJI PALLONJI GROUP STAKE
- Shapoorji Pallonji Group wants Tata Sons to consider Rs 25,000 crore share buyback
The SP Group has not withdrawn the proposal, which was placed before the Tata Sons board by Noel Tata at its last meeting, the people said....
Paul John may retain 10-20% stake in John Distilleries after Sazerac takeoverPaul John, founder of John Distilleries, is considering retaining a minority stake of 10% to 20%. Sazerac, which now holds 65.7% of the com...
Fairfax's IDBI buy: Biggest-ever banking M&A deal in India had no investment bankersFairfax Financial Holdings’ $5.6 billion acquisition of a controlling stake in IDBI Bank is significant not just for being the biggest fore...
Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...
Ixigo shares rally 13% after travel platform reports all-time high profitIxigo shares jumped after the travel platform reported a record Q2 profit of Rs 63.42 crore, partly boosted by the sale of its stake in Fre...
ixigo Q2 profit at Rs 63 cr on robust show in hotel booking bizIxigo reported a remarkable turnaround with a consolidated net profit of Rs 63.42 crore for the September quarter, bouncing back from a net...
Ixigo reports 13% revenue growth in Q2; posts Rs 63 crore in net profitIxigo has reported a remarkable turnaround for the September quarter, showcasing a 13% year-on-year revenue growth, reaching Rs 321 crore. ...
Fairfax gets 15 years to reduce stake in IDBI Bank to 26%Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and reduce its ownership over 15 years. The Reserve Bank of India has a...
Can Bonfiglioli Transmissions IPO deliver long-term growth for high-risk investors?Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group's stake will reduce from 100% ...
Nilesh Shah on PSU privatisation: How Hindustan Zinc offers a lesson for IDBI BankKotak AMC’s Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create l...
Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India dealFairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5....
Jio Platforms IPO: How Reliance, Meta, Google and other investors’ stakes will change post the offerJio Platforms’ Rs 30,213 crore IPO will dilute the percentage stakes of existing investors, including Reliance Industries, Meta and Google,...
Modi govt’s 13 strategic disinvestments in 10 yearsThe Modi government is set to sell a 60.72% stake in IDBI Bank for ₹52,878 crore. This sale will surpass previous disinvestment efforts, ma...
GQG pares Rs 8,000 crore of Adani stakes in September quarter as FPI bets turn mixedIn a significant move, GQG Partners divested approximately ₹8,000 crore in stakes across five companies of the Adani Group during the Septe...
Noel Tata, SDTT get until Oct 19 to respond to Venu Srinivasan, Vijay Singh complaintMaharashtra Charity Commissioner has mandated that Sir Dorabji Tata Trust respond to governance allegations by October 19. Trust members Ve...
Private credit loses edge as new funding options open up for companiesIn the evolving world of private credit, the availability of high-yielding deals is dwindling, thanks to intensified competition and new re...
SP Group unit raises $460 million in rupee debt to repay loansEqyizen Investment, a subsidiary of the Shapoorji Pallonji Group, has successfully secured 44.5 billion rupees through the issuance of zero...
Tata Trusts rift deepens: Noel Tata-led trustees say 'Trusts do not run Tata Sons' as they defend restructuring plan to avoid listingTrustees of Tata Trusts have rebuffed objections from two senior trustees concerning a proposed restructuring of Tata Sons. They emphasized...
NCLT rejects Uniton Infra insolvency plea against Shapoorji Pallonji over Rs 4.31 crore claimThe National Company Law Tribunal rejected Uniton Infra’s plea seeking insolvency proceedings against Shapoorji Pallonji & Co over an alleg...
SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bondsIn a significant financial move, Shapoorji Pallonji Group plans to generate $125 million through a tap issue of current dollar bonds, targe...