What should be the position on Kotak Mahindra Bank Stock after Zurich stake
Mon, Feb 26, 2024 12:53 PM

What should be the position on Kotak Mahindra Bank Stock after Zurich stake

A Flip by Avya Verma
Get it on Google Play
In a regulatory filing to the stock exchanges on Friday, Kotak Mahindra Bank confirmed that Zurich Insurance Company is set to acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single tranche. This development follows Zurich Insurance's prior announcement of an initial acquisition of 51%, with the remaining 19% planned over the next three years.

More great flips

A surging stock market may not need a catalyst — but it's getting one

A surging stock market may not need a catalyst — but it's getting one

Just in time, chipmaking juggernaut Nvidia comes a-calling. The company’s report is way at the end of the regular earnings season — nearly a month after Meta’s. And Nvidia’s results have only grown in importance as the company’s value has ballooned. Its market cap is $2.3 trillion, and it’s now the third-weightiest stock in the S&P 500 behind Microsoft and Apple.

Open Flip
Enfinity Global enters into $135 mn financing

Enfinity Global enters into $135 mn financing

US-based renewable energy company Enfinity Global Inc. on Thursday announced that it has signed a deal for $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc., said a company statement.

Open Flip
Patanjali Foods Divests Subsidiaries to Sanatan Multi Skill Development

Patanjali Foods Divests Subsidiaries to Sanatan Multi Skill Development

The board of directors of Patanjali Foods, during a meeting on March 27, 2020, decided to divest its investments in subsidiaries to Sanatan Multi Skill Development and Education Private. Sanatan will retain these shares for beneficial liquidation. Ruchi Ethiopia Holdings reported nil revenue and a net worth of $567,179 as of March 31, 2019.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon