#Stake Sale

[secretstalks]

IndiGo co-founder Rahul Bhatia comments on company stability

On Monday, Rahul Bhatia, the managing director and co-founder of IndiGo, clarified that InterGlobe Enterprises’ recent equity sale was aimed at raising funds for general corporate purposes and business needs. He reassured that both the company and himself are committed to staying involved.

This statement comes amid concerns about a major stakeholder divesting shares during the airline’s ambitious expansion phase. In June, InterGlobe Enterprises Pvt. Ltd., the parent company of IndiGo, sold 7.72 million shares, which represents approximately 2 percent of InterGlobe Aviation’s total share capital.

At an event celebrating IndiGo’s 18 years of operation, an emotional Bhatia explained that the stake sale was a straightforward move to secure necessary funding for operational and corporate purposes. “The stake sale is really that straightforward… InterGlobe and I are committed to staying,” Bhatia assured the audience in the national capital.

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[sequelscreen]

Paytm Refutes Speculative Claims of Stake Sale Talks with Adani Group

In the midst of swirling rumors, Paytm has officially refuted claims that it is in discussions with the Adani Group regarding the sale of a stake in the company. This response comes after media reports suggested a potential deal was being finalized.

Paytm’s Official Statement

On Wednesday, One97 Communications Ltd, the parent company of Paytm, issued a statement firmly denying any such negotiations. The company stated, “We hereby clarify that the above-mentioned news item is speculative and the company is not engaged in any discussions in this regard.”

Paytm emphasized its commitment to transparency and regulatory compliance, ensuring that any material developments will be disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Rumor Mill

Media reports had claimed that Paytm founder and CEO Vijay Shekhar Sharma recently met with billionaire Gautam Adani at his Ahmedabad office to discuss a potential deal. This alleged deal would have marked Adani Group’s entry into the competitive fintech sector, positioning it against giants like Google Pay and PhonePe.

Current Shareholding

Currently, Vijay Shekhar Sharma holds a 19% stake in One97 Communications. Other significant shareholders include Saif Partners, a private equity fund, and Antfin Netherlands.

Recent Challenges

Paytm has faced challenges since January when the Reserve Bank of India (RBI) put a hold on Paytm Payments Bank Ltd (PPBL) from conducting business. This regulatory setback has added to the company’s hurdles as it navigates the dynamic fintech landscape.

Conclusion

For now, it appears that the speculation around Paytm selling a stake to the Adani Group is unfounded. Paytm continues to operate independently, with no current plans for such a sale. Stay tuned for any further updates directly from the company as they remain committed to maintaining open and transparent communication.

[gazetteweekly]

Tata Sons Plans to Offload 0.65% Stake in TCS for Nearly Rs 9,400 Crore

Introduction:

In a strategic move, Tata Sons, the holding company of the prestigious Tata group, has announced its intention to sell a portion of its stake in tech giant Tata Consultancy Services Ltd (TCS). The decision to offload 2.34 crore shares, amounting to 0.65% equity of TCS, aims to raise approximately Rs 9,362 crore through block deals. This move, while significant, comes at a slight discount to the current market value, highlighting Tata Sons’ strategic approach to capital management.

Key Details:

The proposed floor price for the sale stands at Rs 4,001 per share, representing a discount of 3.46% to Monday’s closing price on the BSE.

Citigroup and JPMorgan are appointed as joint bookrunners for facilitating the share sale process.

The sale of shares will not significantly impact Tata Sons’ majority stake in TCS, with promoters collectively holding 72.41% of the company.

The recent stake sale by BAT plc in ITC Ltd serves as a notable precedent, showcasing strategic divestment maneuvers in the market.

Financial Insights:

Tata Sons’ robust financial performance reflects its substantial market value and financial flexibility. With investments totaling Rs 11.2 lakh crore as of March 2023, Tata Sons maintains a strong position with its investments outweighing total borrowings by a significant margin.

The company’s stellar financial results in FY 2023, with a 47% rise in standalone revenue and a 28.89% growth in profit, underscore its sound financial management.

Notably, Tata Sons’ income stream primarily stems from its investment in TCS, which recorded a substantial profit of Rs 39,106 crore in FY 2023.

Conclusion:

Tata Sons’ decision to offload a portion of its stake in TCS reflects a calculated move to optimize its capital structure while maintaining a strong financial position. The proposed sale, coupled with the company’s robust financial performance, underscores Tata Sons’ strategic foresight and commitment to shareholder value. As the transaction unfolds, market observers will keenly monitor its impact on both Tata Sons and TCS, anticipating further strategic developments in the dynamic landscape of corporate finance.

[archerinventive]

Spent some time this Mushroom Monday working on another fungi flower arrangement using roses from the garden. :)

I hope you all enjoyed your weekend and found some time to enjoy the little things.

Just a quick reminder that you have less than 5 days left to get all items at the shop 20% off, including our mushroom stakes. :)

Wishing you all a wonderful week. ❤️

https://www.etsy.com/shop/ArcherInventive

[kanerallels]

*starts to make a post about my latest crisis like three times*

[irunoart]

🚨✨𝗛𝗔𝗣𝗣𝗬 𝗕𝗟𝗔𝗖𝗞 𝗙𝗥𝗜𝗗𝗔𝗬! ✨🚨

🌟 Everything is up to 2️⃣5️⃣% OFF!! Standees, coasters, plant stakes, phone holders, keychains, and more! You can get an additional🔟% discount by joining the newsletter!🌟

🛍️ [ shop.iruno.art ] 🛍️

Ends Dec 8

Sale does not apply to the "Song of Hope" sticker as every sale will be donated to an animal shelter to help care for the animals affected by Valencia's recent floods.

Thank you! 💗

[quiet-art-kid]

Do you know what would be a great use for AI? An AI that can tell you what foods you can get for cheap locally that are both the most filling, nutritious and fit within what you're willing to/ can eat. Can one of the AI bros do that please, there are enough image generators.

[that-gay-jedi]

Today a trainee working the same position as me transferred a call back into the pool because they didn't know how to do what the client was asking, the call came to me, it was a relatively easy/routine task for a more experienced agent so I finished it off.

Later in my shift my manager told me "put on your superhero cape because you just saved somebody's job", turns out the mistake the trainee had made before transferring would have been very illegal had it remained and by re doing it correctly a breach of national regulations was prevented.

Working in banking is fuckin scary.

[zealousfurykryptonite]

Best High Limit Casinos in India | India Best Live Casinos for High Rollers

[leclerc-apologist]

hi hi! do u have a shop? i would love to purchase baby girl max!!!

Hi! I currently don’t have a shop as I’m just getting started and was looking to gauge interest before I let Etsy start taking a cut lol but I accept Venmo, PayPal and Zelle

[ritzperez]

F-Series Super Duty Stake Bodies up to $8,800 off MSRP

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[specialtyhce]

How to Choose the Right Digger derrick truck for sale

Discover how to select the perfect Digger derrick truck for sale for your needs at Specialtyhce. Expert tips and insights to guide your purchase decision.

[authorajalexander]

Stakes: How to Hook an Audience All the Way to THE END - Written By Kristen Lamb

Stakes, bizarrely enough, are a key ingredient missing in many stories. If the characters don’t have skin in the game, why would the audience? The bigger the stakes the better the page turner. Whether on the page or on the screen, what keeps audiences enraptured the most? What makes us spend an entire weekend inhaling a book, a series, or binging that Netflix series? We want to have to know…what…

[zenkaiankoku]

Universe fucking hates me I guess. Tent got fucking nuked by the tiny storm we had. Just collapsed. So much for my big sale this weekend. Gotta pay my friend 200$ for the tent and re-setup with a smaller one. Been crying all morning and I feel sick.

[ursaspecter]

🌓 halfmoonhorror Follow

wtf i'm literally shaking and crying right now i just saw silver bullets for sale on temu why the fuck are there silver bullets on temu

🪢 knotexplosion Follow

Hey. Hey. Look at me. Do you genuinely believe Temu of all places is going to have genuine sterling silver bullets for sale? TEMU. Wish and Shein's bastard child?

🌓 halfmoonhorror Follow

they had wooden stakes on there too i'm actually fearing for my and my partner's lives right now

🦇 count-fuckula Follow

Yeah I bought some wooden stakes from Temu and they broke instantly. I wasn't even using any force to put them in my lawn as it rained quite recently. I wouldn't worry too much about any silver bullets you find. They're probably just silver plated.

🍖 roadkill-meatloaf Follow

Can confirm- Temu silver isn't real and can't hurt us. I bought a bunch of silver jewelry off there because I can't afford anything the legitimate stores are selling and when I tried them they barely even burned. Not worth it.

🍯 bearly-hanging-on Follow

Why on earth would you, a werewolf, buy silver jewelry???

🍖 roadkill-meatloaf Follow

well for me it's a sex thing.

🪢 knotexplosion Follow

Why would you voluntarily wear jewelry from Temu? Did you at least sanitize it first???

🍖 roadkill-meatloaf Follow

Uh... I licked it first. Werewolf saliva can disinfect surfaces right?

🪢 knotexplosion Follow

YOU WHAT

🦇 count-fuckula Follow

Oh my g-d just because werewolf saliva can make your wounds heal faster doesn't mean it works miracles!!!

🪢 knotexplosion Follow

Wait how would you know that?

🦇 count-fuckula Follow

@.daddy-fenris is not the brightest sometimes.

🌕 daddy-fenris Follow

oh my god IT WAS ONE TIME why do you have to put me on blast right now

🦇 count-fuckula Follow

The world needs to know. Roadkill please go see a doctor or a vet or something.

🌓 halfmoonhorror Follow

i feel like this is taking away from the real issue at paw

🪢 knotexplosion Follow

Can't you see we're having a conversation here?

🌓 halfmoonhorror Follow

IT'S MY POST???

🍖 roadkill-meatloaf Follow

Not anymore it's not

[carlyraejepsans]

hey! you!

do you love yuri? gorgeous art styles? sick ass action scenes with unbelievably stupid stakes? a solid mostly female main cast of characters that play off of each other really well and are also funny as fuck?

Introducing "Love Bullet", the GL manga about cupids! with GUNS!

The series isn't officially localized in english yet, but luckily fan translators are hard at work on a real-time english translation (I won't share a link here, but you can find it easily enough)

*flowey voice* huh? why am i doing all this? because love bullet is at risk of being cancelled!

the author's said she already has the entire story planned out, but due to bad marketing and a lack of official english translations, the sales for volume one have been pretty low, and the story risks being discontinued

the chapters out so far aren't many, they're a relatively quick read, and really entertaining all the same. i am DYING to see more of these characters, they're loads of fun and there's some genuinely interesting hypotheticals about love, romance (and lack thereof) the series could get into... but only if it stays running!!

so please, give this story a shot (lol) and if you like it, consider supporting the original mangaka. other fans of LB have been resourceful enough to put together a way for you to do that, even as a western fan, so it's the least i can do to spread the word.

do it for yuri... and also insane women and heart grenade launchers

★