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IPL Franchise Gujarat Titans Get New Owners, Majority Shares To Be Sold To...
While the valuation of the stake being sold by CVC remains unconfirmed, the global private equity firm had invested Rs 5,625 crore to acquire the Titans in 2021.
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Apple to Invest Up to $1.5 Billion in Globalstar for Satellite Coverage Expansion
Apple is set to invest as much as $1.5 billion in Globalstar, as the iPhone maker looks to enhance the satellite communication services available on its smartphones. The agreement includes a $1.1 billion cash investment by Apple, along with a $400 million purchase for a 20% equity stake in Globalstar. The satellite firm plans to allocate some of th...
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Adani Group Acquires 47% Stake In Orient Cement For Rs 8,100 Crore
Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.
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Sam Altman's OpenAI Fortune May Hit $10 Billion If He Gets Stake
Altman has repeatedly said he doesn't own equity in the company because he already had enough money, though he's occasionally added that he wished he'd taken a stake so people would stop asking him about it.
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OpenAI To Remove Non-Profit Control And Give Sam Altman Equity, Sources Say
The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said.
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Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite
Walt Disney is acquiring a $1.5 billion (roughly Rs. 12,400 crore) equity stake in Fortnite maker Epic Games as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday.
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Government Gets Rs 4,185 Crore Through 3% Stake Sale In Coal India
The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India.
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Twitter Now Worth One-Third Of What Elon Musk Paid For It: Report
Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.
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LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
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Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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Centre May Moderate Divestment Target For Fiscal 2024: Report
Kotak Institutional Equities believes the government would look to raise money by divesting further stakes in Life Insurance Corporation, Shipping Corporation of India and exiting holdings of Specified Undertaking of UTI.
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Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw
Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company.
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Private Equity Major Advent To Buy 'Significant' Stake In Suven Pharma
Private equity major Advent International will buy a "significant" stake in Suven Pharmaceuticals from its promoter Jasti family.
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UAE Wealth Fund In Talks To Invest Upto $400 Million In Lenskart: Report
The investment, which could give ADIA an almost 10% stake in Lenskart, is likely to be in the form of a secondary sale of shares, with a small primary round comprising growth equity, the report added.
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Why Did Dolly Khanna Increase Stake In This Leading Branded Apparel Stock?
The ace investor picked additional stake in this textile company, which is also a beneficiary of governments PLI scheme.
-
IPL Franchise Gujarat Titans Get New Owners, Majority Shares To Be Sold To...
While the valuation of the stake being sold by CVC remains unconfirmed, the global private equity firm had invested Rs 5,625 crore to acquire the Titans in 2021.
-
Apple to Invest Up to $1.5 Billion in Globalstar for Satellite Coverage Expansion
Apple is set to invest as much as $1.5 billion in Globalstar, as the iPhone maker looks to enhance the satellite communication services available on its smartphones. The agreement includes a $1.1 billion cash investment by Apple, along with a $400 million purchase for a 20% equity stake in Globalstar. The satellite firm plans to allocate some of th...
-
Adani Group Acquires 47% Stake In Orient Cement For Rs 8,100 Crore
Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.
-
Sam Altman's OpenAI Fortune May Hit $10 Billion If He Gets Stake
Altman has repeatedly said he doesn't own equity in the company because he already had enough money, though he's occasionally added that he wished he'd taken a stake so people would stop asking him about it.
-
OpenAI To Remove Non-Profit Control And Give Sam Altman Equity, Sources Say
The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said.
-
Disney to Acquire $1.5 Billion Stake in Epic Games, Create Shared Universe Connected to Fortnite
Walt Disney is acquiring a $1.5 billion (roughly Rs. 12,400 crore) equity stake in Fortnite maker Epic Games as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday.
-
Government Gets Rs 4,185 Crore Through 3% Stake Sale In Coal India
The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India.
-
Twitter Now Worth One-Third Of What Elon Musk Paid For It: Report
Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.
-
LIC Sells 2% Stake In NMDC, Bags Over Rs 700 Crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent as of March 14.
-
Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
-
Centre May Moderate Divestment Target For Fiscal 2024: Report
Kotak Institutional Equities believes the government would look to raise money by divesting further stakes in Life Insurance Corporation, Shipping Corporation of India and exiting holdings of Specified Undertaking of UTI.
-
Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw
Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company.
-
Private Equity Major Advent To Buy 'Significant' Stake In Suven Pharma
Private equity major Advent International will buy a "significant" stake in Suven Pharmaceuticals from its promoter Jasti family.
-
UAE Wealth Fund In Talks To Invest Upto $400 Million In Lenskart: Report
The investment, which could give ADIA an almost 10% stake in Lenskart, is likely to be in the form of a secondary sale of shares, with a small primary round comprising growth equity, the report added.
-
Why Did Dolly Khanna Increase Stake In This Leading Branded Apparel Stock?
The ace investor picked additional stake in this textile company, which is also a beneficiary of governments PLI scheme.
