Tag Archives: stake

Hero Corp could buy 10-15% stake in Max Financial Services Ltd

NEW DELHI: Sunil Kant Munjal’s Hero Corp is set to buy a significant minority stake from Analjit Singh in Max Financial Services LtdNSE -1.35 %, said two people familiar with the development. The listed Max Financial houses Max Life Insurance, the largest non-bank private life insurer in the country. Singh, who has pledged more than 90% of the promoter stake in Max Financial, ... Read More »

Gruh Finance falls 7.5% after report of promoter stake sale

Mumbai: Gruh Finance Ltd stock fell on Friday after 30.80 million shares, or 4.2% stake of the company, changed hands in a series of block deals, Bloomberg reported. Details of the buyers and sellers could not be ascertained. Shares of Gruh Finance Ltd opened sharply lower after a Bloomberg report said the promoters of the company would sell 4.2% in the company later ... Read More »

Rs 3,000 crore deal: IndoStar to buy stake in ICICI Home Finance

  Photo: www.shutterstock.com IndoStar Capital Finance, a non-banking finance company (NBFC) controlled by private equity firm Everstone Capital, is all set to acquire a majority stake in ICICI Home Finance at an equity valuation of Rs 3,000 crore for the ICICI Bank subsidiary.   Everstone Capital will also invest in the deal. Together IndoStar and Everstone will own two-third of the business. The remaining one-third will continue to remain ... Read More »

Marcato Capital takes stake in crane manufacturer Terex

Balint Porneczi | Bloomberg | Getty Images A Terex reach stacker transports a CMA CGM SA shipping container in the Med Europe Terminal at the Port of Marseille, France. Just days after announcing a substantial new position in the restaurant chain operator Buffalo Wild Wings, the hedge fund Marcato Capital Management plans to announce a new 5.1 percent position in ... Read More »

Nissan to buy majority stake in Mitsubishi vehicles

eleaguered automaker Mitsubishi may additionally get a short reprieve as word has emerged that Nissan willbuy a 33 per cent stake in them. They (Nissan) are anticipated to invest about 1.8 billion USD and the 33 in step with cent percentage would make Nissan Mitsubishi’s biggest shareholder. If Nissan is going beforehand with the move, it is going to be ... Read More »