Stake

  • Government sells Axis Bank stake for over $900 million: sources 21-03-2014 01:49 PM

    Mumbai: The government has raised more than $900 million by selling a 9 per cent stake in Axis Bank Ltd, two sources with direct knowledge of the development said on Friday. The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund...
  • 10 per cent IOC stake to be sold to ONGC, OIL 17-01-2014 08:10 AM

    New Delhi: In the first disinvestment through block deal this fiscal, a ministerial panel on Thursday approved selling 10 per cent government stake in Indian Oil Corp (IOC) to ONGC and OIL to rake in Rs 4,800-5,000 crore. With Oil Ministry continuing to be opposed to selling IOC shares on...
  • CIL stake sale likely this year: Sriprakash Jaiswal 28-10-2013 04:03 PM

    The five per cent stake sale in state miner Coal India (CIL) is likely to take place by the end of this year, Coal Minister Sriprakash Jaiswal said on Monday. 'It is likely that it (Coal India stake sale) may happen either in November or December,' Jaiswal told media persons...
  • SpiceJet in 'advanced' stage of discussion for stake sale 28-07-2013 06:35 PM

    Mumbai: Budget carrier SpiceJet is in advanced stage of discussion with a potential investor for stake sale and expects the negotiations to be concluded soon. "Discussions are going on with a foreign carrier. We hope to conclude these negotiations expeditiously," a source said. However, the sources refused to divulge any...
  • 9.33 pc MMMTC stake sale today, 9.33 per cent shares to be sold off 13-06-2013 09:46 AM

    New Delhi: In the first big disinvestement this fiscal, 9.33 per cent shares in the state-owned MMTC will be sold off on Thursday. The decision was taken after the Empowered Group of Ministers (EGoM) on disinvestment headed by Finance Minister P Chidambaram fixed the base price at Rs 600 crore...
  • EGoM to meet today to decide 9.33 pc MMTC stake sale 12-06-2013 10:48 AM

    New Delhi: A panel of ministers on disinvestment headed by Finance Minister P Chidambaram will meet on Wednesday to decide the base price for the sale of stake of Metals and Minerals Trading Corporation of India. The sale of 9.33 per cent of MMTC's stake is expected to begin by...
  • 'Dhoni has a lot of explaining to do in Rhiti row' 03-06-2013 08:44 PM

    A newspaper reported on Monday that MS Dhoni has a 15 per cent stake in Rhiti Sports - a sports marketing firm, and that has put the India captain in an uncomfortable position. CNN-IBN discusses the matter. ...
  • Unilever to raise stake in India unit in $5.4 bn offer 30-04-2013 09:27 AM

    New Delhi: Anglo-Dutch company Unilever Plc, along with Unilever NV will acquire about 487 million shares, or 22.52 per cent, of India's Hindustan Unilever in a deal valued at about $5.4 billion. The parent company will buy the shares for Rs 600 each, 20.6 per cent premium to the Monday's...
  • Vodafone investors want full takeover by Verizon 27-04-2013 06:54 AM

    London: Six major Vodafone investors said $100 billion was not enough for the British company's stake in its US joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion. Their comments followed a Reuters report on Wednesday that Verizon had...
  • Govt clears 9.5 per cent stake sale in NTPC 22-11-2012 07:52 PM

    New Delhi: The government on Thursday approved 9.5 per cent stake sale in state-run power producer NTPC, hoping to garner around Rs 13,000 crore. "The Cabinet Committee on Economic Affairs has approved 9.5 per cent paid-up equity capital ( about 78.33 crore shares) in NTPC out of government's shareholding of...
  • Cabinet to discuss NHB stake transfer today 04-01-2012 08:10 AM

    New Delhi: The Union Cabinet is likely to meet on Wednesday the Prime Minister's house to discuss the proposal to transfer RBI's stake in the National Housing Bank (NHB) to the Government. At present, the NHB is wholly-owned by the RBI with a paid-up capital of Rs 450 crore. The...
  • Saudi's Prince Alwaleed buys stake in Twitter 19-12-2011 02:18 PM

    Dubai: Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry. Alwaleed, a nephew of the Saudi king with a personal net worth estimated...
  • Energy-hungry India buys into Kazakh oil block 16-04-2011 04:46 PM

    Astana: India acquired 25 per cent of an oil block in Kazakhstan on Saturday, in a deal aimed at boosting its energy security and helping fuel fast economic growth. India, which strongly depends on oil imports, has been less successful than its energy-hungry economic and political rival China in tapping...
  • Fabindia turns 50, empowers employees 03-01-2011 10:26 AM

    New Delhi: Fabindia, the flagship store for Indian handloom textiles and apparel, has empowered its nearly 700 employees by giving them a stake in the company on its 50th birthday in 2010, the firm's managing director William Nanda Bissell said. "We have made nearly 700 employees shareholders of the company...