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Norwegian sovereign-wealth fund Norges Bank Investment Management has cut its stake in three Indian infrastructure companies including IVRCL Ltd. and Lanco Infratech Ltd. in the past two weeks, stock exchange filings showed Tuesday. Norges Bank Investment has reduced its holding in IVRCL to 6.39% from 7.61% by selling shares on the open market and in Lanco Infratech to 4.93% from 5.97%, the fillings showed. It has also marginally cut its stake in NCC Ltd. to 5.51% from 5.57%. IVRCL and […] Singapore-based private equity firm, Nalanda Capital increased its stake to 11.19 per cent in Mindtree. The PE firm, Nalanda already had a stake of 8.84 per cent in Mindtree. Nalanda India Fund and Nalanda India Equity Fund purchased the stake of 2.85 per cent through open market. Although the price of acquisition was undisclosed, the market price on Wednesday was Rs 464 per share. The announcement coincided with the elevation of vice-chairman Subroto Bagchi as chairman of Mindtree, replacing the […] |