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.
Esta historia es de la edición January 09, 2025 de Mint Hyderabad.
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Esta historia es de la edición January 09, 2025 de Mint Hyderabad.
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