Sentences with phrase «per cent shareholding»

«This transaction values Religare Health Insurance at Rs 1,300 crore and Religare Enterprises currently has 80 per cent shareholding on a fully diluted basis in the company,» it said further.

the privatisation of its 33 per cent shareholding in the Hellenic Football Prognostic Organisation to raise $ 712m for the Greek government.

The claimants have opted to issue the proceedings in England against MRM's UK - based parent company Gemfields (which has a 75 per cent shareholding in MRM).

Before the share purchase transaction closed, all parties were aware that Mr. L had sued Venture Steel on the basis that he had been dismissed without cause, and that his nine per cent shareholding in Venture Steel had been wrongfully cancelled.

At the end of 2006, Sonangol's 100 per cent shareholding in Esperaza Holding had fallen to 60 per cent.

92 per cent of Hertfordshire schools have bought a share in the company and the county council has a 20 per cent shareholding.

The Member of Parliament for New Juabeng North, Dr Assibey Yeboah, speaking on the floor of the house, said there was no logic in giving out over 55 per cent waiver on a project that the country would have only 30 per cent shareholding in.

Murray Goulburn conceded defeat in the dramatic three - way takeover battle for WCB last week as Montreal - based Saputo crossed the 50 per cent shareholding threshold.

«Given Saputo's offer period is automatically extended for a further 14 days, [we] will now commercially assess this development, including in relation to [our] 17.7 per cent shareholding in WCB,» Murray Goulburn said in a statement.

Fonterra Co-operative Group, the world's biggest dairy exporter, has entered the battle for Australia's dairy assets, buying a 6 per cent shareholding in Bega Cheese after the market closed on Thursday.

Waste management company Transpacific Industries Ltd has agreed to acquire a 15 per cent shareholding in metals recycling company CMA Corporation Ltd, which has extensve Western Australian operations, for around $ 25 million.

Not exact matches

The chairman of Frankland River Olive Company looks set to wholly acquire and privatise the business, after Paul Letari increased his shareholding to over 90 per cent.

On Wednesday Saputo snapped up Murray Goulburn's 17.7 per cent WCB shareholding, taking its stake to 77 per cent and triggering a 20 cents rise in its offer to $ 9.40 a share (worth $ 526 million).

If TCCC took a 30 per cent stake in Indonesia, matching its shareholding in CCA, the bottler would receive between $ 500 million and $ 750 million to invest in capex and market development.

Dairy processor Murray Goulburn Co-operative has increased its shareholding in fellow processor Warrnambool Cheese and Butter to 14.5 per cent, up from 12 per cent.

On the one hand, the government appears to be backing off its commitment to local ownership and content, repealing legislation passed last year that required mining firms to have 35 per cent local shareholding.

AIA Group Limited is the fourth foreign insurance major to hike the stake in Indian firms with the foreign firm announcing that it will increase its shareholding in Tata AIA Life Insurance Company, a joint venture company by Tata Sons and AIA, from the current level of 26 per cent to 49 per cent through the purchase of another 23 per cent stake in the company.

More importantly, we can see the entry of fresh players as 49 per cent stake would given them stronger shareholding rights,» said Punit Shah, partner, KPMG.

Allianz, since quite a long duration, has been discussing with Bajaj regarding the increase of its shareholding in both the joint ventures to 49 per cent after the govt.

To raise the shareholding by 23 per cent in the 2 JVs, Allianz would be required to expend a much higher sum according to the method of fair - valuation in comparison with the pre-determined rates as per the call - option clause.

AIA Group said it will increase its shareholding in Tata AIA Life Insurance Company, a joint venture company by Tata Sons and AIA, from the current level of 26 per cent to 49 per cent.

Talking about LIC shareholding in listed companies, IRDA Chairman TS Vijayan said regulation for investment is 15 per cent and in exceptional circumstances sometimes exemptions are given to invest more.

Life Insurance Corporation of India (LIC) has asked the Insurance Regulatory & Development Authority (Irda) to allow it a shareholding of up to 20 per cent in a company.