Tag Archives: stake

Volkswagen Finance picks up 25% stake in Kuwy Technology

Volkswagen Finance on Wednesday said it has picked up 25 percent stake in Chennai-based instant lending digital platform Kuwy Technology Service. As part of the deal, the company, which supports Volkswagen Group customers in India by facilitating financing and insurance solutions, will now have access to Kuwy’s pan-country network related to car financing. “At Volkswagen Finance, we always try to ... Read More »

Piramal Enterprises divests its stake in Shriram Transport Finance

Piramal Enterprises (PEL) announced the sale of its investment of 9.96% in the fully paid-up share capital of Shriram Transport Finance Company Limited (STFCL). Piramal has a long-standing track record of shareholder value creation and has consistently leveraged the right opportunities at the appropriate time to deliver an annualized shareholder return of approx. 28% over the last 31 years. Earlier this year in ... Read More »

Siemens’ finance arm buys 46% stake in Greenko’s wind unit

Mumbai: German engineering conglomerate Siemens’ financing arm has signed a pact with Greenko group to acquire 46% stake in its 200 MW-Poovani wind powerproject, German conglomerate said on Monday. This is SiemensNSE 0.61 % Financial Services’ first investment in a wind farm in Asia. Its group company Siemens Gamesa Renewable Energy is building the project for Greenko. “Completing our first equity investment in ... Read More »

Future Lifestyle to buy 30% stake in fashion e-tailer Koovs: Report

Kishore Biyani-led Future Group is set to buy a 30 percent stake in online fashion retailer Koovs.com, according to a reportby The Economic Times. The move comes as a fresh attempt to crack the Indian e-commerce fashion market after the company’s unsuccessful bid to buy Jabong.com in 2016. The stake will be purchased by the group’s subsidiary Future Lifestyle Fashion for ... Read More »

TeamLease acquires 40% stake in Schoolguru for Rs13 crore

The purchase of additional stake by TeamLease is linked to Schoolguru’s future performance and meeting its milestones. New Delhi: Staffing services firm TeamLease Services on Wednesday said it has acquired 40% stake in online learning company Schoolguru Eduserve Pvt Ltd for Rs13.53 crore, a move that will accelerate TeamLease’s employability strategy. Both the companies have signed a definitive agreement to this ... Read More »

PremjiInvest buys 3.26% stake in Future Lifestyle for Rs 196 crore

PremjiInvest, the investment arm of Wipro Chairman Azim Premji, on Monday bought 3.26 percent stake in Kishore Biyani’s Future Lifestyle Fashions Ltd (FLFL) for nearly Rs 196 crore through open market transactions. As per the block deal data available with NSE, PI Opportunities Fund 1, part of PremjiInvest, today purchased 62 lakh shares, or 3.26 percent stake, in FLFL. The ... Read More »