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STRATEGIC DIVESTMENT
JSW Energy sells 2.5 crore JSW Steel shares for Rs 3,150 cr via bulk dealJSW Energy on Monday said it sold 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE, raising Rs 3,150 crore. Following th...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 croreBharti Enterprises will pare its stake in the company to 25% from 85% while 360 One Asset Management will sell its entire 15% holding and e...
Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crorePrudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic par...
Rs 1 lakh to Rs 14 crore in 24 years! Hindustan Zinc delivers 1,400x returns since Vedanta’s purchaseHindustan Zinc has delivered exceptional returns of 1,400 times since Vedanta acquired it in 2002. An initial investment of Rs 1 lakh has g...
L&T Q4 Results: Profit falls 3% YoY to Rs 5,326 crore; co declares Rs 38/share dividendL&T Q4 Results: Larsen & Toubro reported a 3% YoY decline in Q4 net profit to Rs 5,326 crore, despite an 11% revenue growth to Rs 82,762 cr...
China's TCL in talks with local companies to sell 51% in Indian plantChinese electronics giant TCL is looking to sell a majority stake in its Indian display plant. The company is seeking between ₹5,708 and ₹7...
Cboe to cut staff by 20% as exchange operator sharpens focus on core businessCboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20%...
ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
Paris airport operator to sell up to 7.3% stake in GMR Airports in over $1 billion deal, retains co-promoter statusGroupe ADP will sell a portion of its stake in GMR Airports. The deal is valued at up to €924 million. ADP will keep its co-promoter status...
L&T Tech Q4 Results: Profit jumps 24% YoY to Rs 347 crore; co declares Rs 40 dividendL&T Technology Services posted strong profit growth with improved margins, driven by portfolio restructuring and focus on high value engine...
No decision yet on India unit listing; exploring strategic options to boost value: Pernod RicardFrench spirits giant Pernod Ricard has stated no decision is made on listing its Indian subsidiary. The company is exploring options to enh...
ET Prime Special Series: Multibagger or Bankrupt – Part 55: This old-economy giant helped power India’s past. Its big test lies aheadSome companies face disruption at the level of products. Others face it at the level of technology. That is what makes this story more comp...
Honeywell to sell productivity solutions unit to Brady for $1.4 billionHoneywell is selling its productivity solutions and services unit to Brady for $1.4 billion in an all-cash deal. This move aims to streamli...
Google denies involvement in $125 million Chromebook graft case in IndonesiaFormer Google executives have denied any link to a massive procurement project in Indonesia's Education Ministry. Prosecutors allege former...
Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish GunwaniIndian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from eme...
Global funds, Adani, GMR, others in race for NIIF's smart meter businessGlobal infrastructure investors and domestic smart meter makers are showing strong interest in acquiring IntelliSmart Infrastructure. The c...
Wipro bags $1 billion deal from Olam Group; to acquire Mindsprint for $375 millionThe deal is expected to close by the end of June 2026, after which Mindsprint will become a wholly owned subsidiary of Wipro, the Indian ...