Tag Archives: Stake

Tatas enter airports business, buy stake in GMR unit

A consortium of Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest₹8,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport. The deal will pump ₹1,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase ₹7,000 crore of the airport unit’s equity shares from the ... Read More »

Lionsgate Buys Majority Stake in 3 Arts Entertainment

CREDIT: REX/SHUTTERSTOCK Lionsgate has taken a majority stake in management-production powerhouse 3 Arts Entertainment, a deal that reflects in the entertainment industry’s push to marry premium content providers with global distribution assets. Lionsgate said 3 Arts would continue to be led by partners Erwin Stoff, Howard Klein, Michael Rotenberg, Molly Madden, Dave Becky, David Miner, and Nick Frenkel. The company was founded in ... Read More »

Godrej houses Buys 49% Stake In Arm happy Highrises

New Delhi: Realty firm Godrej homes has acquired a 49 in step with cent stake in its subsidiary glad Highrises from Karelides traders for Rs 248.50 crore. Godrej homes earlier had a fifty one according to cent stake in satisfied Highrises. put up-acquisition, it has increased its shareholding to one hundred consistent with cent with the aid of obtaining the ... Read More »

Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on information from an unnamed source alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, ... Read More »

Apple, FBI Stake Out Conflicting Positions Before Congress

The US government calls it a “vicious guard dog” that hurts national security. Apple says it’s critical to protecting consumer privacy against increasingly sophisticated hackers. As the debate over built-in iPhone encryption has deadlocked in the courts, law enforcement and the world’s second-largest cellphone maker agreed on one point Tuesday: It’s now up to Congress to set boundaries in a ... Read More »

Strategic Stake Sale Policy Soon: Secretary

New Delhi: More than a decade after privatisation of PSUs was scrapped, the government will very soon come out with a comprehensive policy for strategic stake sale that will detail the mode as well as valuation methodology for outright sale of even profit making companies. The previous NDA government led by Atal Bihari Vajpayee had between 1999 and 2004 privatised ... Read More »