stake

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about $1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on…

Knitwear exporter Eastman Exports Global Clothing has partnered Bharat Biotech Group’s investment arm for about 20% stake sale.A press release said the share purchase agreement between the two companies has been approved by the Competition…

BENGALURU: The board of FMCG major ITCMonday approved de-merging its hotel arm, unlocking significant value for its over 30 lakh shareholders. Under the approved scheme of arrangement, ITC will hold about 40% stake in the new entity and…

The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. Photograph: Kind courtesy…

Kenvue, a unit of Johnson & Johnson's consumer health business.CFOTO | Future Publishing | Getty ImagesJohnson & Johnson on Monday said it plans to reduce by at least 80% its stake in Kenvue, the consumer health business it spun out…

HONG KONG : China Ruyi Holdings, a movie production and online streaming company, said one of its subsidiaries will buy a 49 per cent stake in an investment unit of Dalian Wanda Group for 2.3 billion yuan ($320.08 million).The share…

Chinese phone company Xiaomi will not dilute the company’s shareholdingin India by inducting an Indian partner through the joint venture route, even as it looks to go deeper with sourcing of components as well as fully-built products such…

Sheela Foam shares jump after Kurl-on acquisitionThe acquisition will enable Sheela Foam to become an undisputed market leader and accelerate Sheela Foam’s growth & enhance profitability.Sheela Foam shares surged 15 per cent to Rs…

ESPN has held talks with some of the most powerful leagues in professional sports, including the National Football League, the National Basketball Association and Major League Baseball, about taking a minority stake in its business.The…

Nobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael Schaeffer.Source: NobullThe man who turned Vitaminwater and BodyArmor into household beverage names is turning his attention to the sneaker…