Selling Stake

Limitless still looking to India for investments

Dubai-based Limitless is still exploring opportunities in India despite the developer's joint venture with Indian developer DLF exiting the $12 billion (Dh44.04bn) Bidadi project earlier this year, a company spokesperson said.

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EDITORIAL : Nan Shan deal: Too much at stake

The government’s regulatory agencies last week lashed out at a Hong Kong consortium’s plan to sell 30 percent of its stake in Nan Shan Life Insurance Co to Chinatrust Financial Holding Co. However, the Nan Shan deal has also...

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Saad Group sells 19% stake in Petra Diamonds

Saad Group has agreed to sell a 19 percent stake in Petra Diamonds Limited, a UK-based mining company focusing on diamond resources, for $100 million in a private placement, SPA reported. Saad Group is a Saudi Arabia-based...

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Saad Group To Sell 19% Stake In Petra Diamonds

has agreed to sell a 19 percent stake in Petra Diamonds Limited, a UK-based mining company focusing on diamond resources, for $100 million in a private placement. Saad GroupSaad Group is a Saudi Arabia-based conglomerate...

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Galleon sells entire stake in Edelweiss Capital for Rs 256 crore

MUMBAI: US-based hedge fund Galleon has sold its entire holdings in leading investment banking and broking firm Edelweiss Capital through the open market route on Friday. The fund sold its 7% stake for Rs 256 crore through two...

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Calsoft sells stake in IDC

California Software Company Ltd (Calsoft) today announced that it had sold its 51 per cent stake in Informed Decisions Corporation (IDC) to a US-based company called Higher One. Calsoft held the stake through a wholly owned...

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Doğan Yayın to sell 29 pct stake to Axel Springer

Facing a TL 4.8 billion fine for tax fraud, Turkey’s largest media company, Doğan Yayın, is attempting to sell a 29 percent stake in the company. The announcements by both companies stated that Doğan Holding must first inject...

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L&T exits from BIAL by selling its 17% stake to Zurich Airport

Friday, November 20, 2009 (New Delhi) India's largest engineering firm L&T, is exiting from the Bangalore International Airport Ltd (BIAL) by selling its 17 per cent stake to partner Zurich Airport. GVK Airport Developers, a...

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Benettons to sell their 2% in Telecom Italia 2010

Italian businessman Gilberto Benetton on Friday said his family plans to sell its 2% stake in local top telecommunications operator Telecom Italia (BIT:TIT) in the first half of next year. No financial details were given....

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SAFE Investments to Control New China Life

BEIJING, Nov 20, 2009 (SinoCast Daily Business Beat via COMTEX) -- -- China's insurance protection fund has decided to sell a 38.815 percent stake in New China Life Insurance Co., Ltd. to China SAFE Investments Ltd., said...

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