Marengo Asia Hospitals is looking to raise ₹500 crore by selling a 10% stake, putting its valuation at about ₹5,000 crore. Backed by Samara Capital and promoter families tied to Godrej and Havells India, the chain runs eight hospitals across regions. The capital will fund further expansion, including acquisitions to grow its network.
Cairn India shares climbed to a record level on the BSE, rising sharply late in the session. After trading largely flat for most of the day, the stock gained momentum in the final hour, settling up 4.36% at Rs 355.45 as market chatter around possible stake sale plans drew attention.
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Rakesh Gangwal’s gradual exit from IndiGo, reportedly worth around INR 30,000 crore, is reshaping the airline’s ownership landscape. With no obvious single big investor stepping in to challenge Rahul Bhatia, the shifting shareholding, IndiGo’s valuation changes, and the timing of Gangwal’s latest stake sale are fueling speculation rather than clarity.
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