Tata Motors seeks Sebi approval to sell engineering unit stake in IPO

Tata Technologies Ltd. has sought approval from India’s markets regulator for an initial public offering in which its parent carmaker Tata Motors Ltd. and other investors will sell as many as 95.7 million shares. The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover’s owner will comprise a 23.6% stake, according to … Read more

Warren Buffett’s $3 Billion Investment in GE Stopped Massive Meltdown

Warren Buffett’s $3 billion investment in General Electric saved the company, a new book reveals. GE Capital faced a potential default and bankruptcy in 2008, Bill Cohan writes in “Power Failure.” Buffett’s cash and vote of confidence enabled GE to survive the financial crisis, Cohan reported. Warren Buffett plowed $3 billion into General Electric at … Read more

Adani Enterprises looks to raise Rs 20,000 crore from Follow On Public Offer

In line with the recent speculations, Board of Adani Enterprises (AE) has approved raising of further equity from public (FPO) aggregating up to Rs 20,000 crore. Proposal is subject to the existing shareholders’ approval which should not be a challenge given it’s shareholding structure – at September 2022 end, promoters held 72.62%, FIIs 19.12%, DIIs … Read more

Amicable family settlement happens at the Inox group

Currently Inox group is run by the 3rd generation of promoters – Brothers Pavan Jain (70) and Vivek Jain (66). Brothers have reached an amicable family settlement. Pavan Jain gets the control of – Inox Leisure – listed, movie theater business Inox Air Products – unlisted, industrial and medical gases manufacturer Inox India – unlisted, … Read more