Stake

Adani sells another 13% stake in AWL Agri Business to Wilmar

Last week, Wilmar subsidiary Lence Pte Ltd said it has agreed to acquire a 13% stake in Adani Wilmar Ltd’s (AWL) Agri Business from Adani Commodities LLP for Rs 4,650 crore (approximately $529 million).

Swiggy says it is actively re-evaluating its investment in Rapido over potential conflict of interest

Swiggy invested in Rapido in 2022 and holds a stake of around 12 percent in the company which translates to around $120 million (about Rs 1,020 crore) at the current valuation of slightly over $1 billion (around Rs 8,500 crore).

Bharti Airtel to ramp up stake in Airtel African Plc by up to 5%

Airtel Africa Mauritius Limited, which is a step-down subsidiary of Bharti Airtel, presently holds 57.29 per cent of Airtel Africa plc.

Canadian billionaire Prem Watsa’s Fairfax India to acquire additional 10% stake in Bengaluru airport

Fairfax's stake in Bangalore International Airport Ltd will increase to 74 percent. The deal is expected to be completed by the first quarter of 2025

Founder Varun Alagh buys shares in Mamaearth parent firm Honasa Consumer; increase stake to 31.93%

Together, the husband and wife duo own 35 percent of Honasa Consumer, a rare sight in India’s startup ecosystem where founders typically hold lower stakes in order to raise funds.

Ashish Chowdhry, actor and founder of Disrptve Ventures, acquires stake in Swiggy’s Pre-IPO

The food and grocery delivery company Swiggy, one of India’s most successful startups, has become a popular choice for such investments. Actor Ashish Chowdhry is the latest celebrity to join the list of high-profile individuals backing Swiggy in its pre-IPO round. Chowdhry, who is also the founder of Disrptve Ventures, has acquired a small stake in Swiggy’s Pre-IPO bond, further highlighting the company’s appeal to investors across various sectors.

Vedanta subsidiary to sell stake worth over Rs 4,300 crore amid plans to trim debt

Post repayments made from the transaction, VRL would have reduced its debt by upwards of $650 million since the beginning of FY 2025, according to the statement.

Grasim promoter Birla Group Holdings increases stake by 4.08%

Despite this increase in BGHPL's shareholding, Grasim clarified that there is no change in the overall shareholding of the promoter and promoter Group of the company

L&T, CPP investments, sell entire stake in L&T IDPL to Edelweiss Alternatives-backed platform

Epic Concesiones Pvt Ltd buys out entire stake in L&T Infrastructure Development Projects Limited at an enterprise value of Rs 6,000 crore

Glencore beats JSW Steel to buy 77% of Canadian co Teck's coal business for $6.9 billion

Last month, the Sajjan Jindal-led steel giant confirmed it that has not changed its plans for a potential stake buy in Teck's unit. According to reports, JSW was planning to pick 20 per cent to 40 per cent- stake in EVR.

A look at what top mutual funds bought and sold this Sept

AMFI data indicates that Systematic Investment Plans (SIPs) recorded an all-time high inflow of Rs 16,402 crore in September, surpassing the previous record of Rs 15,814 crore registered in the prior month.

Cipla founding family’s stake sale in jeopardy over $13 billion valuation target

Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about 1,350 rupees per share, the people said. The price represents a premium of about 10% over Wednesday’s close, according to Bloomberg calculations.

Blackstone along with LPs submits non-binding bid to acquire control in Cipla

The private equity behemoth has a war chest of $11 billion to target companies for deals in Asia and in January 2022, closed a second Asian-focused private equity fund

QIA Unit buys $474 million stake in Adani’s green arm

Infinite Trade and Investment Ltd., a founder group company of Adani Green, sold 44.9 million shares Monday, BSE data showed.

Amara Raja shares rebound after marquee funds pick up 7% stake

This gains significance as Clarios ARBL Holdings sold its entire stake in the battery maker through bulk deals on July 18. It offloaded 2.4 crore shares or about 14 percent stake in the company.

Proximus Group to acquire up to 84% stake in Route Mobile, buys 58% for Rs 5,922 crores

Proximus Opal, a subsidiary of the Proximus Group, will initially acquire a 57.56 per cent stake in Route Mobile for Rs 5,922.4 crore in an all-cash deal, the enterprise messaging firm said in a regulatory filing.

Adani mops up $1.4 billion from stake sale in 3 companies, raises $9 billion in 4 years

In a statement, the ports-to-energy conglomerate said it ”is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies.”