Tag Archives: Stake

[ad_1] MUMBAI: Following Facebook, US-based private equity firm Silver Lake will pay Rs 5.656 crore ($ 750 million) to acquire 1.15% in the digital and telecommunications unit of Reliance Industries (RIL). The Jio Platforms deal, Silver Lake’s largest investment in India, will help RIL accelerate its debt reduction plans. The …

[ad_1] Axis Bank’s board has approved the purchase of an additional 29% stake in Max Life Insurance, which will raise the private lender’s total stake in the insurer to 30%. Max Financial Services currently owns a 72.5% interest in Max Life and Mitsui Sumitomo Insurance (MSI) has a 25.5% interest. …

[ad_1] The Indian Energy Exchange (IEX), the power trading platform, is planning to acquire a 15 per cent stake in the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) for Rs 150 crore, according to people in the know. The sources said talks between the two are in an advanced stage but …

[ad_1] MUMBAI / BENGALURU: In what is touted as the largest strategic investment for a minority stake by a technology company anywhere in the world, social media giant Facebook agreed to invest $ 5.7 billion or Rs 43,574 million rupees for a 9.99% stake in Mumbai Jio Platforms, a unit …

[ad_1] Mumbai After making an effort to bail out Yes Bank last month, three private sector lenders already sold part of their stakes between March 17 and March 31, BSE share data showed. The Federal Bank sold the largest number of shares at Rs 5.86 million, followed by Kotak Mahindra …

[ad_1] Social media giant Facebook is no stranger to big acquisitions. He bought Instagram for $ 1 billion in 2012, WhatsApp for $ 19 billion in 2014, and virtual reality company Oculus VR the same year for another $ 2 billion. In all three cases, however, the common denominators were …

[ad_1] Facebook has made a big bet in India by investing $ 5.7 billion in Jio Platforms, the technology subsidiary of multinational conglomerate Reliance Industries. Jio operates various broadband platforms, mobile services, and online commerce, and Facebook’s investment gives it a stake of around 10 percent in the company, making …

[ad_1] The main Facebook social networks will invest Rs 43,574 million in Jio Platforms, a unit of Reliance Industries, with a 9.99% stake. The investment will value Jio Platforms, a digital application platform, at Rs 4.62 lakh crore. “Reliance Industries Limited (” Reliance Industries “), Jio Platforms Limited (” Jio …

[ad_1] The People’s Bank of China increased its stake in Housing Development Finance Corp Ltd (HDFC.NS) to 1.01% from 0.8%, said the Indian lender. The Chinese national flag flies at half-staff at the headquarters of the People’s Bank of China, the central bank (PBOC), as China celebrates a national mourning …