On Tuesday, Reuters reported that Rakesh Gangwal, co-founder of India’s largest low-cost airline IndiGo $INDIGO.NS , plans to offload up to 5.7% of his stake in the carrier through a block deal that could raise as much as $1.4 billion USD. This strategic move has sparked investor attention given Gangwal’s historic influence over the company and IndiGo’s dominant role in India's domestic aviation sector.
Intel Corporation continues its active efforts to reallocate resources and focus on its key business areas. On Monday, the company announced the sale of 51% of its programmable chip division, Altera, to private investment firm Silver Lake Management. The deal is valued at $4.46 billion, placing the full business valuation at $8.75 billion.
Singapore's sovereign investment company, Temasek Holdings Pte, is considering selling Element Materials Technology, a UK-based testing company. If this transaction occurs, it could significantly influence the market and reshape the scenario for both entities involved.
European online company Adevinta ASA $ADEVY is actively finalizing negotiations to sell its stake in the Austrian digital marketplace Willhaben. The involvement of heavyweight investment firms such as Blackstone Inc. $BX and Permira highlights the significance of this event for both the asset and the market as a whole.