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    Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out

    Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.

    Zee Entertainment approves share buyback worth Rs 600 crore at Rs 91 per share

    Zee Entertainment has approved a Rs 600 crore share buyback of up to 6.59 crore shares at Rs 91 apiece through the tender offer route. The buyback represents 6.86% of its paid-up equity capital. Promoters and promoter group members will not participate in the proposed buyback.

    Singapore's Temasek to invest Rs 2,500 cr in Godrej Industries' financial services arm

    Temasek Holdings announced plans to invest 25 billion rupees in Godrej Capital's financial services business. This investment will value Godrej Capital at approximately 280 billion rupees. Following this deal, Godrej Industries Group will retain approximately 80% ownership in the company.

    Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse

    Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.

    Sundar Pichai tops HSBC Hurun Global Indians List as Alphabet overtakes Microsoft

    Sundar Pichai, the CEO of Alphabet, heads the HSBC Hurun Global Indians List 2026, marking a staggering company valuation of $4.2 trillion. Featuring 236 leaders of Indian descent, the collective value of these companies reaches an impressive $15 trillion. Noteworthy is the growth in artificial intelligence, boasting 18 companies valued at $227 billion.

    Godrej Industries shares rally 10% after Temasek's Rs 2,500 crore investment in Godrej Capital

    Godrej Industries shares rose sharply on Thursday after Temasek announced a Rs 2,500 crore investment in Godrej Capital at a valuation of up to Rs 28,000 crore. The group will retain around 80% ownership in the financial services business, which reported assets under management of Rs 35,000 crore in October 2026.

    The Economic Times
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