Indus Towers records Rs 5,229-crore block deal, KKR, CPP likely sellers
Thu, Feb 1, 2024 11:01 AM

Indus Towers records Rs 5,229-crore block deal, KKR, CPP likely sellers

A Flip by Shubhangi Gupta
Get it on Google Play
Indus Towers sold a 9.2% stake worth Rs 5,229 crore in a block deal on February 1, leading to a 1.2% decline in share price. The buyers and sellers have not been identified, but it is reported that KKR and Canadian pension fund CPPIB were looking to exit the telecom tower company through a $465 million deal.

More great flips

Maharashtra Election Result: experts recommend the stocks to buy on Monday

Maharashtra Election Result: experts recommend the stocks to buy on Monday

As the BJP-led NDA is all set to form the next government in the State of Maharashtra, stock market experts are busy guessing the possible changes in investors' investment strategy. Experts have recommended these 10 stocks to buy- 💰RVNL, 💰IRFC, 💰Railtel, 💰IRCON, 💰SBI, 💰Canara Bank, 💰J&K Bank, 💰ICICI Bank, and 💰HDFC Bank

Open Flip
Norway $1.8 Trillion Fund’s CEO Sees Rare Political Unity as Key

Norway $1.8 Trillion Fund’s CEO Sees Rare Political Unity as Key

Norway’s $1.8 trillion sovereign wealth fund benefits from a rare consensus among its political masters, according to Chief Executive Officer Nicolai Tangen, unlike other countries which are exploring such an option. “We have a very constant investment philosophy and I think that’s really one of the success factors behind the fund,” Tangen said, speaking in a Bloomberg TV interview.

Open Flip
Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir

Saudi Aramco unit in talks to invest $1 bn in US software maker Mavenir

Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon