On 14 November, Bharti Enterprises sold its stake in food business Del Monte Foods Pvt. Ltd to Agro Tech Foods in a share swap deal. Bharti will retain 21% stake in Agro Tech as the second largest shareholder.
In April, L&T completed divestment of its 51% stake in L&T Infrastructure Development Projects (LTIDPL) to Epic Concesiones Pvt. Ltd, an investee company of Edelweiss Infrastructure Yield Plus Strategy. LTIDPL was a joint venture between L&T and Canada Pension Plan Investment Board. Network services provider Tata Communications sold its ATM business to Transaction Solutions International on 13 November.
Last July, HUL signed an agreement to sell Pureit, its water purification business in India, to A. O. Smith. "This move is in line with our strategic intent to focus sharply on our core categories," HUL's CEO and managing director Rohit Jawa said at the time.
Paytm Ltd, too, sold its stake in Japan's PayPay, which provides electronic payment services, to Softbank Group, and its ticketing business to Zomato in line with its strategy to focus on core competencies.
This story is from the January 09, 2025 edition of Mint Bangalore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 09, 2025 edition of Mint Bangalore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A Boycott of Costco for Its DEI Efforts Is Not Likely to Succeed
The US retailer has a loyal base of shoppers that it's unlikely to lose
Wealth tax: Let's judge it by principles of taxation
Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism
Hacked in 2024? India's privacy rules require you to take action
Draft digital personal data protection rules demand that data breaches be reported retrospectively
MFD, RIA, RA: Explore your career as a financial adviser
Understand the earning potential, licensing and compliance to choose your best suited path
Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025
Remember that social media is for fun, and not serious topics such as personal finance advice
Health insurance claims: How to ensure grievance redressal
My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require. Despite having submitted all other necessary documents, they are insisting on these specific papers, which I am unable to obtain from the hospital. I believe my claim is valid and that I have complied with all the necessary documentation required.
Assam mining tragedy: Rescue operations on for fourth day
Rescue operations by multiple state and central agencies continued for the fourth day on Thursday to locate trapped miners inside an illegal rat-hole coal mine in Dima Hasao district of Assam, officials said.
Bank officers' union warns of strike
Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on 24-25 February to press for their various demands, including a five-day work week and adequate recruitment in all cadres.
Centre to give LPG subsidy to oil PSUs
The government is likely to provide a subsidy of ₹35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, people aware about the development said.
Eli Lilly to Set Up GCC in Hyderabad
Pharma major Eli Lilly and Co. on Thursday said it plans to establish a new global capability centre (GCC) in Hyderabad and hire over 1,000 people to strengthen its digital strategy and service delivery.
