Recently, Mitsubishi UFJ Financial Group (MUFG) had acquired a 20% stake in Shriram Finance. Bloomberg now reports that MUFG is looking to eventually gain majority control in the Company. The idea to increase stake from 20% to more than 50% is speculated to be in early stages with neither any indicated acquisition structure nor the … Read more
The Board of Anant Raj Ltd (ARL), has approved the demeger. ARL will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud Pvt. Ltd (ACPL), a dedicated digital infrastructure and cloud services company that will be listed independently. Shareholders of ARL will receive one fully … Read more
The board of Zee Entertainment has approved the issuance of up to 24.95 crore fully convertible warrants to the promoter entity, Sunbright Mauritius Investments at an issue price of Rs 126 apiece, taking the total fund raise to ₹3,143.52 crore. In line with the regulations, 25% (Rs 31.5/ share, Rs 786 cr) will be payable … Read more
HDFC Life’s board has approved to raise Rs 1,000 cr through a preferential issue of equity shares to its parent, HDFC Bank. Key highlights: Total Allotment: 1,45,23,906 equity shares. Issue Price: Rs 688.52 per share (9% premium to the current price) Stake Increase: HDFC Bank’s holding in HDFC Life will rise from 50.21% to 50.54%. … Read more
Edelweiss Financial Services (EFSL) is divesting majority of it’s stake in the Home Finance Business. The subject business is currently under Nido Home Finance Limited (Nido), a wholly-owned subsidiary of EFSL. EFSL is divesting 73% stake of this entity through a mix of primary and secondary to Carlyle group and Aditya Puri Family investment vehicle. … Read more
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