Stake

  • Tesco gets CCI approval for Trent stake purchase May 28, 2014

    Fair trade regulator CCI has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multibrand retail since the sector was opened up in 2012. The approval by the Competition Commission of India (CCI) comes when a political...
  • Government sells Axis Bank stake for over $900 million: sources March 21, 2014

    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 called...
  • 10 per cent IOC stake to be sold to ONGC, OIL January 17, 2014

    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 4,8005,000 crore. With Oil Ministry continuing to be opposed to selling IOC shares on stock...
  • CIL stake sale likely this year: Sriprakash Jaiswal October 28, 2013

    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 in...
  • SpiceJet in 'advanced' stage of discussion for stake sale July 28, 2013

    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 further...
  • 9.33 pc MMMTC stake sale today, 9.33 per cent shares to be sold off June 13, 2013

    New Delhi: In the first big disinvestement this fiscal, 9.33 per cent shares in the stateowned 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 June 12, 2013

    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' June 3, 2013

    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. CNNIBN discusses the matter. ...
  • Unilever to raise stake in India unit in $5.4 bn offer April 30, 2013

    New Delhi: AngloDutch 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 closing...
  • Vodafone investors want full takeover by Verizon April 27, 2013

    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 hired...
  • SAIL disinvestment approved, to hit market on March 22 March 21, 2013

    New Delhi: An inter-ministerial panel on Wednesday cleared a 10.82 per cent stake sale in steel major SAIL and decided that the issue will hit the markets on Friday, a top Finance Ministry official said on Wednesday. The Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met...
  • Etihad needs to revise Jet Airways deal: Chairman February 18, 2013

    Abu Dhabi: Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways and it is too soon to say when a final agreement will be struck, the Abu Dhabi airline's chairman said on Sunday. Sheikh Hamed bin Zayed alNahayan, speaking on the sidelines of a defence...
  • Govt to get over Rs 11,500 cr from NTPC share sale February 7, 2013

    New Delhi: The government on Thursday said it is satisfied with the response to National Thermal Power Corporation (NTPC) share sale and expects to garner more than Rs 11,500 crore from the offer, the biggest disinvestment mop up so far this fiscal. "The government is satisfied with the response to this...
  • Govt set to auction 9.5 pc shares of NTPC February 7, 2013

    New Delhi: The government will sell 9.5 per cent stake in country's largest power producer NTPC on Thursday at a likely price of Rs 145 per share, nearly seven per cent discount to the current market price. The NTPC disinvestment, which would be the biggest so far this fiscal, is...
  • Government's Rs 12,000 crore NTPC stake sale on Feb 7 February 6, 2013

    Mumbai: The government expects to raise around Rs 12000 crore by selling a 9.5 per cent stake in state power utility NTPC Ltd in a share auction on February 7, Disinvestment Secretary Ravi Mathur said. The floor price for the offer will be announced on Wednesday, he said. Share sales in state...
  • Sebi clears Diageo's open offer for United Spirits February 5, 2013

    New Delhi: Moving closer to complete its Rs 11,167 crore takeover of majority stake in United Spirits, global liquor giant Diageo Plc has got market regulator Sebi's clearance for an open offer to acquire 26 per cent stake from public shareholders of the UB group firm. As part of the...
  • Dell closer to buyout as price talks narrow: Source February 5, 2013

    New York: Dell Inc moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis. Talks between Dell, the world's No 3 computer maker, and a consortium led by its founder...
  • Govt eyes over Rs 2500 cr from Oil India stake sale January 30, 2013

    Delhi: The government expects to raise more than Rs 2500 crore by selling a 10 per cent stake in Oil India Ltd on Friday, Oil Secretary GC Chaturvedi said on Wednesday. Selling down its shareholding in companies is central to the government's plan to cut its fiscal deficit. The government plans...
  • NTPC's $2 billion share sale likely on Feb 7: Sources January 26, 2013

    Mumbai: India's plan to raise about $2 billion selling a stake in power producer NTPC Ltd will likely take place on February 7, three sources with direct knowledge of the situation said on Friday. The government, which owns 84.5 per cent of NTPC, plans to sell a 9.5 per cent stake...
  • SpiceJet says 'premature' to comment on stake sale January 15, 2013

    New Delhi: Shares in SpiceJet rose by as much as 8.5 per cent on Tuesday after the Times of India reported the budget carrier was close to selling a stake to a foreign carrier, which it said was most likely to be Qatar Airways. SpiceJet said in a later statement that...
  • Jet Airways confirms in stake sale talks with Etihad January 3, 2013

    New Delhi: Jet Airways confirmed on Thursday that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier, although terms have not been finalised yet. "Various structures are being explored by the legal and commercial teams and care being taken to ensure...
  • 'Etihad in final talks with Jet, Kingfisher' December 18, 2012

    New Delhi: Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an Indian government official said on Monday. A deal, which the official said could be...
  • Stake sale target seen on track; Oil India next December 18, 2012

    New Delhi: India is looking at new ways to attract investors to sales of shares in staterun industries and large offerings in Oil India and power company NTPC are set to come in the next few weeks, a top finance ministry official said. Selling equity in large public industries is a...
  • Jet shares at 52week high on stake sale reports December 4, 2012

    Mumbai: Shares of Jet Airways on Tuesday surged seven per cent to touch its oneyear high level in morning trade amid reports of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale. Following the market buzz, the stock opened the day on a bullish...
  • Mahindra hopes for quick Aston Martin deal November 27, 2012

    Mumbai: Aston Martin, purveyors of fast cars to a fictional British spy and to reallife billionaires, could be partly owned by Mahindra and Mahindra by the end of the week if the Mumbai tractor moguls have their way. But much is unclear as the British maker of James Bond's sports cars,...
  • Govt clears 9.5 per cent stake sale in NTPC November 22, 2012

    New Delhi: The government on Thursday approved 9.5 per cent stake sale in staterun power producer NTPC, hoping to garner around Rs 13,000 crore. "The Cabinet Committee on Economic Affairs has approved 9.5 per cent paidup equity capital ( about 78.33 crore shares) in NTPC out of government's shareholding of...
  • 'Did not consider stake sale talks pricesensitive' September 29, 2012

    Mumbai: Facing flak from the exchanges for not informing them about stake sale talks, Kingfisher Airlines on Friday said the matter was not disclosed to the bourses first as the carrier did not consider it as a "pricesensitive information". The National Stock Exchange and the BSE...
  • Transglobal sells Kingfisher shares worth Rs 7.43 cr August 22, 2012

    Mumbai: Brokerage firm Transglobal Securities on Wednesday offloaded more than 74 lakh shares of ailing Kingfisher Airlines for about Rs 7.43 crore. Transglobal Securities sold 74,52,261 at Rs 9.98 apiece valuing the deal at over Rs 7.44 crore, according to information available with the National Stock Exchange. Shares of the debtladen airliner...
  • Apple plans to buy a stake in Twitter: Report July 28, 2012

    San Francisco: Apple Inc held discussions in recent months about possibly investing hundreds of millions of dollars in Twitter to gain a social networking presence, the New York Times on Friday, cited people briefed on the matter as saying. The iPhone and iPad maker, which has never delved deeply into a...