Wednesday, April 24

Tag: shareholding

TPG May Acquire Large Stake in Big Data Firm Mu Sigma
6Aug By Gauri SinghNo Comments
ACQUISITION

TPG May Acquire Large Stake in Big Data Firm Mu Sigma

The big data analytics company Mu Sigma is in talks with the private equity player TPG Capital to sell a large stake sale in the firm. According to the sources, this acquisition of stake may result in a potential sale of the venture and this will value the company at around $1.2 billion.  However, there has been no formal agreement regarding the same, the sources say the ongoing talks may not lead to a definitive deal and a complete exit for present shareholders is not being ruled out. “TPG and Mu Sigma are trying to explore if a deal is workable. The discussions have been substantial but contours of the transaction are yet to evolve,” stated a source familiar to the matter. He also told that the two companies have not involved any investment banks yet. The data analytics company ...
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Kotak Mahindra Banks Promoter Uday Kotak Sold His Shares
22May By AnkitaNo Comments
BUSINESS

Kotak Mahindra Banks Promoter Uday Kotak Sold His Shares

Kotak Mahindra Banks promoter Uday Kotak today sold 1.8 crore shares of the private sector lender for a little over Rs 1,687 crore, bringing down his stake to below 30 per cent to meet the RBI directive. The shares were purchased by several entities, including Canadian pension fund Caisse de Depot et Placement du Quebec and Fidelity Funds. According to bulk deal data available with the BSE, Uday Kotak, Vice Chairman and Managing Director, sold a total of 1.8 crore shares, amounting to 0.95 per cent stake of the bank. The shares were offloaded on an average price of Rs 937.35, valuing the transaction at Rs 1,687.23 crore, the data showed. Following the transaction, Kotaks personal stake in the bank declined to 29.79 per cent from 30.74 per cent. Earlier in March, Kotak had so...
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