Stake Purchase News

Companies

LIC gets board nod to raise its stake in IDBI Bank to 51%

LIC currently holds around 7.5% stake in IDBI Bank, and will acquire the remaining stake from the government, said Subhash Chandra Garg

2 min read16 Jul 2018
Companies

Tokio Marine raises stake in IFFCO-Tokio JV to 49%

Japanese major Tokio Marine hikes its stake in non-life insurance venture IFFCO-Tokio to 49% by acquiring additional shares in the company for Rs2,530 crore

2 min read7 Jul 2017
Companies

Kotak Mahindra to buy Old Mutual’s India insurance JV stake for Rs1,292 cr

Kotak Mahindra Bank announces that it is buying out British partner Old Mutual's entire 26% stake in its life insurance arm for Rs1,292.7 crore

3 min read29 Apr 2017
Industry

Singtel said planning $2 billion Intouch, Bharti stake purchases

The planned investments in Intouch Holdings and Bharti Telecom is aimed at boosting Singtel's market share in the two markets

1 min read17 Aug 2016
Companies

Tata Steel might take stake in Thyssenkrupp’s Europe steel unit

According to a report, the talks are at an advanced stage with Tata Steel holding an option to increase the stake at a later stage

1 min read1 Apr 2016
Companies

ONGC’s $1.3 billion Vankor stake purchase gets Russia nod: report

Russian government approves a deal for ONGC to acquire a 15% stake in the Vankor oilfield for $1.3 billion from Rosneft, says Interfax news agency

1 min read25 Mar 2016
Companies

Tata Sons buys over 1% stake in Titan for around Rs312 crore

In its filing to stock exchanges, Tata Global Beverages said it has sold 9.25 million shares of Titan through a block deal transaction executed on BSE

1 min read22 Mar 2016
Companies

Ashoka Buildcon to buy 8.51% in Jaora-Nayagaon Toll Road

Ashoka Buildcon says it has entered into a share purchase agreement with peer PNC Infratech to purchase 24.42 million shares in Jaora-Nayagaon Toll Road Co.

1 min read7 Dec 2015
Companies

Nippon Life to buy additional 14% stake in Reliance Capital AMC for Rs1,196 crore

Nippon Life will increase its ownership in the asset management company from 35% to 49%

1 min read14 Oct 2015
Companies

Hyundai Motor scion buys $418 million stake in auto maker

Vice chairman Chung Eui Sun buys 1.44% stake in Hyundai Motor to protect the stock and help a struggling family group-owned shipbuilder

1 min read25 Sep 2015
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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