E-PaperStake Sale News
Norfund, DEG, AIIB among others in $250-million race for a stake in IndiGrid’s new power transmission platform
Norway’s Norfund, Germany’s DEG, British International Investment, Beijing’s AIIB, and Switzerland’s responsAbility Investments are eyeing a stake in India Grid Trust’s new power transmission platformIndiGrid’s new platform will help India’s ambitions to increase its renewable energy capacity
2 min read12:00 PM ISTFour years since Yes Bank’s rescue, RBI greenlights an exit plan for its saviours
RBI’s approval for up to a 51% stake sale in Yes Bank opens an exit for SBI, LIC and others owning stakes in the private lender that survived a near-death experience four years ago.The stake sale may value Yes Bank at around $10 billion, making for the largest acquisition in India’s banking sector.
5 min read9 Jul 2024Lighthouse Funds talking to investors to offload its stake in footwear maker Aqualite Industries
With Aqualite Industries slowly getting back on its feet after emerging from the effects of the pandemic, its minority shareholder Lighthouse Funds is looking to exit the company and slip out of the picture.
3 min read3 Jul 2024Promoters sold stake worth ₹87,000 crore in H1 2024, highest in 5 years
Promoter stake sales in Indian equity market are at multi-year highs driven by strategic reasons like debt reduction and compliance with shareholding norms. Retail investors, mainly through mutual funds, are major buyers.
3 min read2 Jul 2024Popular Topics
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