Tag: majority stake

A flag with the logo of Proximus is seen at the headquarters of the Belgian telecoms operator in Brussels,(REUTERS)
Posted in Business

Belgian teleco Proximus to buy Indian cloud provider for $721 million. Why?

 July 17, 2023  Leave a Comment on Belgian teleco Proximus to buy Indian cloud provider for $721 million. Why?

Belgian telecommunications operator Proximus Group has agreed to buy a majority stake in Indian cloud communication service provider Route Mobile Ltd. for 59.22 billion rupees…

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The stake sale in the lender is the first major divestment across state-owned banks as part of a broader privatisation plan. (Representational Image)
Posted in Business

RBI assessing potential bidders for IDBI Bank: Report

 April 13, 2023  Leave a Comment on RBI assessing potential bidders for IDBI Bank: Report

The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank…

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