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MINORITY INVESTOR STAKE
IDBI Bank sale to Fairfax enters final lap, RBI nod now key: DIPAMThe strategic sale of IDBI Bank to Canada’s Fairfax Financial Holdings is expected to be completed by the end of FY27, subject to RBI appro...- Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
- 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...
- IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumorsIIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to lim...
- From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI allianceMeta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collabora...
- 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...
- IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...
- FMCG majors in race for big bite of snacks brand FarmleyMultiple FMCG companies are expressing interest in acquiring stakes in the healthy snacking brand Farmley. A group of early investors with ...
- INWIT investors line up financing for possible take-private, sources sayShareholders of INWIT are reportedly arranging financing for a potential take-private bid amid ongoing disputes. The investors involved inc...
- Sunil Bharti Mittal is prowling for big kill on his African safariAirtel Money’s London listing has put a roughly $7 billion valuation on Sunil Bharti Mittal’s African fintech bet, highlighting how far the...
- LeBron James' Net Worth: From basketball court to investment 'Slam Dunk' - How NBA legend built his $1.4 billion fortuneLegendary basketball player LeBron James has earned in excess of $580 million in NBA salaries during his career. The reason why James stand...
- ET Interview: India’s aspirational middle class gives it demographic edge, says Verlinvest CEO Roberto ItaliaVerlinvest is planning to invest €1 billion in India over the next five years, reflecting the country's economic dynamism. The firm identif...
- In 2022, Kevin Hart merged two businesses into HARTBEAT; a $100 million minority investment valued the new media company at about $650 millionKevin Hart's media company Hartbeat illustrates the challenges faced by celebrity-backed ventures in sustaining growth. While initial succe...
- Mid-sized restaurants hungry for funds as investors stay awayMid-sized organized restaurant chains face financing challenges. Investors are being more cautious, focusing on sustainable profits and uni...
- 5 world market themes for the week aheadGlobal financial markets are grappling with soaring borrowing costs, while France navigates a volatile political landscape concerning its b...
- Anushka Sharma-backed Slurrp Farm explores fresh fundraise as existing investors eye exitSlurrp Farm is currently exploring new fundraising opportunities as existing investors consider exiting their holdings. The company aims to...
- Michael Jordan’s jersey sells for $12.3 million, while his Ferrari vanished from public view for 24 years before fetching a record $2.7 millionA remarkable jersey donned by basketball icon Michael Jordan fetched an astounding £9.3 million at auction, setting a new benchmark in spor...
- Investing in major AI stocks at Wall Street? Factors to watch out before hitting Buy optionAI borrowing and investing continues. Hyperscalers have issued around $250 billion of debt this year, and that total is expected to rise sh...
- IHH plans to raise Fortis stake to 51%, expand capacity to 10,000 beds by 2031IHH Healthcare aims to raise its stake in Fortis Healthcare to 51 percent within three to five years. The company intends to increase Forti...
- Armani open to more than one investor for sale of 15% stake, CEO saysArmani is open to selling a 15% stake in the company, as stipulated by founder Giorgio Armani's will. CEO Giuseppe Marsocci indicated that ...
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