After denying rumors in October 2025, Shriram Finance (SFL) has announced the deal with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG). MUFG Bank will invest Rs 39,618 crore, equivalent to around USD 4.4 billion, in SFL through a preferential issuance of equity shares. It will get 20% … Read more
Blackstone is picking up warrants in Federal Bank, which if converted would make it a 9.99% shareholder of the bank. The deal is for a total of Rs 6,196 cr 25% will be invested now and balance 75% within 18 months if Blackstone decides to convert. Per share price is fixed at Rs 227/ share, … Read more
Emirates NBD is acquiring majority into RBL through primary capital infusion upto $3 Bn (~ Rs 26,850 cr). Consequent to the transaction, ENBD is also making mandatory open offer to purchase additional 26% from the public shareholders. Open offer price is @ Rs 280/ share against the current trading price of Rs 300/ share Depending … Read more
International Holding Company (IHC), a leading Abu-Dhabi based global investment company is investing Rs 8,850 cr ($1 Bn) into Sammaan. Transaction comprises of 33 cr equity shares at Rs 139/ share (18% discount to previous day’s price) aggregating to Rs 4,587 crore; and 30.7 cr warrants, convertible into equity shares, for Rs 4,263 crore. Above … Read more
There are widespread rumors in media that Mitsubishi UFG Financial Group (MUFG) is looking to acquire 20% stake in Shriram Finance (SFL) for $2.6bn. As per the speculations – Stake would be acquired through fresh issue MUFG would be open to gradually increase stake and hence also possibility of open offer at some stage The … Read more
The Company has announced a buyback of Rs 18,000 cr. Around 10 crore shares will be purchased at Rs 1,800 apiece, a 19% premium over the stock’s previous closing price. The buyback will account for 2.41% of the existing equity This is the fifth buyback by Infosys and it’s largest. Previous buybacks were of Rs … Read more
It was known that Boob family is expected to sell 24% stake of the Company. In the last conference call this was discussed and management (Sikchi family) had informed that it was due to Boob family’s estate planning and not any operational concerns. Sikchi family had also committed that they are not looking to sell … Read more
Antfin has sold it’s final remaining 5.84% stake in Paytm. Deal has been executed in open market at Rs 1,020/ share aggregating Rs 3,800 cr. Antfin was the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership. This would possibly also looked favorably by the Indian regulators. Ant’s exit was … Read more
Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more