shares

Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line  

Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line  

Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control the majority of stake in a popular news channel New Delhi Television (NDTV).  Hours after the announcement, NDTV issued a statement that the Adani Group’s move “was executed without any input from, conversation with, or consent of the NDTV founders. According to Adani…

Has Elon Musk Jeopardised Twitter’s Business For His Gain?

Has Elon Musk Jeopardised Twitter’s Business For His Gain?

Elon Musk has found himself surrounded by another controversy, regarding the failed deal with Twitter. Apart from successfully running his automotive and clean energy company, ‘Tesla’, the multi-billionaire CEO is often spotted making incautious comments and replies over social media.  In April 2022, Elon Musk disclosed his stakes in Twitter, making him the single largest…

Byju’s Conducted Fresh Round Funding Worth $22 Billion 

Byju’s Conducted Fresh Round Funding Worth $22 Billion 

Edtech company Byju’s acquired Aakash Educational Services in a cash and stock deal in April last year for $1 Billion, for which it has delayed payments.  Byju’s was supposed to close the transaction in June but has extended the payment timeline to August, sources said, but it was delayed due to some internal reason.  Now,…

Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million

Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million

Jack Ma’s firms, Alibaba and Ant Financial, back off from Paytm and have sold their 43.3% stake to the company for just $5.5 million (around Rs. 42 crores). In the last round of funding in 2020, the company was valued at $3 billion. From the combined 43.3% stake, Alibaba had 28.35%, and Ant Financials owned…

LIC IPO| Government Revises Price Band And More

LIC IPO| Government Revises Price Band And More

LIC IPO ━ the wait is over as the highest Initial Public Offering is expected to open on May 2. The central government has set the price band for the initial offering of Life Corporation of India at Rs. 902-949 and may offer a discount of Rs 60 to policyholders.  On the other hand, retail…

Elon Musk and Twitter: What’s Going On Between Them?

Elon Musk and Twitter: What’s Going On Between Them?

Tesla CEO Elon Musk made a great turnabout in which he disclosed his massive stake in the social media company Twitter. He got a seat on its board and publicly floated drastic changes, and then turned down the board role ━ all happened in a week.  Musk now holds roughly 9% of a stake in…

Elon Musk Refused To Join Twitter’s Board Of Directors

Elon Musk Refused To Join Twitter’s Board Of Directors

Elon Musk is not joining the board of Twitter. The recent tweet by Twitter CEO, Parag Agrawal informed everyone by making it official that Mr Elon Musk is not interested in joining the board, which was offered to him a few days before.  Later this week, Tesla and SpaceX CEO Elon Musk revealed his stakes…

Elon Musk Owns 9.2% Stake In Twitter, Costing 73.5 Million

Elon Musk Owns 9.2% Stake In Twitter, Costing 73.5 Million

Elon Musk, the Chief Executive Officer of Tesla Inc, disclosed his twitter stakes by sharing the percentage of shares. He owns a total of 9.2% stakes in Twitter, becoming the single largest stakeholder on Twitter.  The stakes hold a cost of 73.5 million dollars, his passive stakes can cost around 2.9 billion dollars based on…

Reliance Retail Picks Up 89% Stake in Lingerie Brand Clovia

Reliance Retail Picks Up 89% Stake in Lingerie Brand Clovia

Reliance Retail Venture Limited acquired an 89% stake in women’s lingerie brand Clovia, owned and operated by Pankaj Panda fashion Private Limited. RRVL invested Rs. 950 Cr. in the company through a combination of secondary stake purchase and primary investment, as per the official statement.  Clovia is launched in 2013 by Pankaj Vermani, Neha Kant…

Zomato Pick Up 16.66% Stake in Mukunda Foods

Zomato Pick Up 16.66% Stake in Mukunda Foods

Zomato board on March 15 picked up a 16.66% stake in Mukunda Foods Private Limited for cash consideration of Rs. 37.5 crore. The acquisition will be made via a subscription of 13,289 convertible preference shares and 10 % equity shares.  Zomato said in a regulatory filing, “We are glad to inform that our board of…

  • 1
  • 2