Sentences with phrase «stake sale»

In November, the government changed some listing rules to allow book building, or the process of using underwriters to assess investor demand and price interest, for stake sales in state - run firms, subject to approval by the prime minister.

HFF had a strong showing in fourth place in NYC, with a performance buoyed by the $ 1.04 billion majority - stake sale of 60 Wall Street.

Earlier in FY 15 - 16, Murugappa group also had a one - time earning of Rs. 883 Crore from an earlier 14 percent stake sale in its general insurance arm — Cholamandalam MS General Insurance.

The company stated in a regulatory filing that the board meeting held on 18th April approved up to a 10 per cent stake sale in HDFC Life.

Closed minority - stake sales such as One Worldwide Plaza, One Liberty Plaza and 1515 Broadway valued those trophy office towers at $ 1.7 billion, $ 1.5 billion and $ 1.95 billion, respectively.

But this would be nothing new in the corporate world — «sell low, buy high» it seems... Btw I thought Promethean plc (PTH: LN) was a smart investor, but its just announced IFG Group (IFP: ID) stake sale at EUR 1.00 (vs. a EUR 1.70 + price three months ago) really takes the cake!

This is a good thing at the moment as the company has plenty of cash and is in the process of generating more (Maiden Lane III sales and potential AIA stake sale) which it hopefully will use to repurchase shares when the Treasury next sells off some of their holdings.

Which explains the sector wobble this month, when the Ross / Watsa stake sale was announced.

The company had to undergo such a drastic stake sale because of revision in the rules by the country's foreign direct investment (FDI), which had mandated up to 49 percent ownership of foreign investors in various insurance companies in India.

Post the said stake sale, HDFC and ERGO will hold 50.73 % and 48.74 % of the paid - up shares capital of HDFC ERGO, respectively, the release said adding that HDFC ERGO remains a susbidiary of HDFC.

Stake sales in Visa Europe helped, and low interest rates hurt in French retail banking.

The execution of 10 percent stake sale could fetch about Rs. 1894.5 crore as per the transaction occurred lately.

The Insurance Regulatory amd Development Authority (Irda) has given in - principle approval to Reliance Life for its proposed 26 per cent stake sale to the Japanese life insurer, Nippon Life.

The stake sale of CIMB Securities International would see CIMB Group and China Galaxy run a 50:50 stockbroking joint venture outside of Malaysia.

Bharti Airtel separately said it plans to engage with potential investors to evaluate a stake sale in the combined mobile masts entity, which will have an equity value of 965 billion rupees ($ 14.5 billion), sending the carrier's stock up as much as 5.2 percent.

The Financial Times first reported the stake sale, noting that HNA had initially held 9.9 percent of Deutsche Bank but that filings showed last week its share of voting rights had fallen to 9.2 percent.

«Re-rating is imminent with the stake sale removing DRB's largest overhang, as well as a more positive outlook for Proton,» Citi said in a note late Wednesday.

It later sold back its shares to Lubetzky in 2014 in a stake sale that valued the company at $ 728.5 million.

The stake sale will help the government meet more than of half of its asset - disposal plan for the year to March 2018 and is crucial for narrowing its budget gap.

For Flipkart, the stake sale to Walmart would give it more power to take on Amazon and provide access to a partner that has experience in retail, logistics and supply chain management.

U.S. hedge fund Elliott, which owns 7.1 percent of C&T, is opposing both the merger and the stake sale.

Despite a broad anti-graft campaign, stake sales are going gangbusters, as is the local stock market.

With this stake sale, the company is aiming at monetizing the investments while keeping control on its existing majority of stake in the joint venture.

This stake sale involved 14 percent hike in the existing 26 percent stake of Mitsui Sumitomo Insurance Company - Tube Investment's (a firm of Murugappa Group) Japanese partner in the JV, leading it to 40 percent.

Following the receipt of awaited approval, HDFC has successfully completed the stake sale to Standard Life.

As a result of the stake sale, HDFC has got its stake in the JV reduced to 61.65 percent.

Along with this stake sale, the government also provided approval to a proposal of Rs. 6,050 crore, which includes Rs. 5,500 crore for the sake of fresh equity infusion by Cadila Healthcare.

At the end of Q3 of fiscal 15 - 16, Tube Investments had approved a stake sale of Rs. 882.67 crore.

This stake sale led to foreign shareholding in the company from 26 percent to 49 percent.

This stake sale to Standard Life was proposed in August 2015 to happen for the said amount, as the government of India has permitted up to 49 percent FDI in the insurance sector of the country.

The stake sale in the health insurance segment comes when Malvinder and Shivinder Singh, the promoters of Religare are keen on disinvesting the stakes in the businesses that are specifically controlled by them.

Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale

ABNL stated that the funds generated by the stake sale will lead to a substantial decrease in the debt of the company.

The company was pretty interested in evaluation process considering it part of its stake sale to its foreign - based business partner and has already agreed to sell 10 % of its stake to its present shareholder.

After the stake sale, HDFC's holding in HDFC Life will be 61.65 % and that of Standard Life will increase to 35 % from existing 26 %.

HDFC has completed a 9 % stake sale in HDFC Standard Life Insurance Company to its British joint venture partner (JV) Standard Life for a little over Rs 1,700 crore.

The debt of Kishore Biyani - led Future Enterprises is expected to halve post the stake sale in the insurance business.

The company declined to comment on CNBC - TV18's query on the stake sale.

Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale, sources said.

The stake sale means LeEco's own cash crunch is almost over, but it won't help the electric - car business, China Daily cited Jia as saying: