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In 2024, Kedaara Capital and Partners group took Vishal Mega Mart to the public to raise ₹8,000 crore through an initial public offering. In 2018, Partners Group and India-focused PE firm Kedaara Capital bought Vishal Mega Mart from investment firm TPG Capital and Shriram Group for around $735 million. Details of the other buyers of Vishal Mega Mart’s shares could not be ascertained on the exchange. Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.
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AMD flagship products clearly demonstrate why the company is a leader in the processor market. Beneficiaries can request replacement plates by contacting the call centre at 901, with the Vehicles and Drivers Licensing Department handling all procedures, including printing the plates and delivering them to customers’ homes free of charge. The strategic importance of Kharg Island explains why markets are closely watching US military movements in the Gulf.
Through its modular, platform-as-a-service model, Peko addresses the growing demand among SMEs and mid-market companies for seamless, automated infrastructure that replaces fragmented legacy systems. Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for ₹7,635 crore through open market transactions. The end of support for Windows 10 on October 14, 2025, highlights the urgency of migrating IT infrastructures to modern, high-performance systems. The AI Hub will serve as a “gateway” for AI adoption built on multiple pillars, including talent, global relationships, and through existing infrastructure The AI Hub will also bridge the gap between innovation and implementation by offering integrated services, including AI consulting, applied research and development, data analytics, prototyping, and advanced computing infrastructure.
Tuesday morning became extra special for actor Huma Qureshi as she woke up to a surprise shout-out from acclaimed global filmmaker Zack Snyder. Iranian forces have since attacked US assets and civilian infrastructure in Gulf countries, causing casualties and damage to infrastructure. The Embassy of India in stake app Kuwait expressed its condolences and was closely coordinating with the Kuwaiti authorities to render all possible support and assistance.
We see strong potential for Peko to scale regionally and globally, particularly as AI becomes increasingly embedded in enterprise operations.” This acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors. The transaction, valued at approximately $1 billion (Dh3.6 billion), will see the remaining stake acquired through share warrants over an 18-month period. The Abu Dhabi investment firm will have rights to appoint a majority of Sammaan Capital’s board and play an active role in its strategic direction following the acquisition, which will amount to approximately 41.5 per cent.
Vishal Mega Mart promoter entity sells 14% stake for ₹7,635 cr
He explained the Park’s high-performance computing facilities, like the Sharjah Open Innovation Lab (SOILAB), as well as its network and relationship with outside partners will allow it to help provide companies with the support they need to grow. A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow. Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight. Disruptions that began in South Asia are already spreading across wider energy markets, according to Wael Sawan, chief executive of Shell. The acquisition of Peko Holdings further strengthens IHC’s global portfolio and reinforces its commitment to backing businesses that enable economic participation, operational efficiency, and sustainable growth across diverse markets.
- The acquisition aligns with IHC’s strategy of investing in category-defining platforms with strong governance, clear paths to scale, and the ability to generate long-term, sustainable value across global markets.
- These entities purchased more than 29.42 crore shares or a 6.3 per cent stake in VMM at an average price of ₹117 per share, taking the aggregate value to ₹3,443.17 crore.
- “We think companies are talent, people at universities are talent, and also those from outside the UAE,” he said.
- Shipping disruptions triggered by attacks on civilian vessels and regional energy infrastructure have already slowed tanker traffic across the Gulf.
- An independent regulator of financial services conducted in or from the DIFC, a purpose-built financial free zone in Dubai.
Following the completion of all stages, IHC will be classified as a promoter of Sammaan Capital, reinforcing its strategic expansion into India’s financial services sector. In addition, a mandatory tender offer will be launched to acquire up to 26 per cent of the company’s expanded share capital from public shareholders, in compliance with Indian securities regulations. Abu Dhabi-based International Holding Company has announced it has received “all requisite regulatory approvals” to acquire a majority stake in Sammaan Capital, an Indian private housing finance company, for a total transaction value of Dh3.6 billion. The current CoinMarketCap ranking is #1345, with a live market cap of $3,486,122 USD.
Bangladesh is considering introducing partial online classes in schools as part of austerity measures to ease pressure from the global energy crisis and domestic constraints. The platform is underpinned by recurring, subscription-based revenues, high customer retention, and strong scalability, positioning it as foundational digital infrastructure for the next generation of digital-first businesses. Peko is an all-in-one digital platform purpose-built to help businesses streamline financial operations and essential administrative processes through a single, intuitive interface. The company operates through 220 branches across more than 150 towns and cities, employing over 4,400 people and playing a key role in advancing financial inclusion. Sammaan Capital, which is publicly listed on the Bombay Stock Exchange and National Stock Exchange of India, is among the country’s largest non-banking financial companies, primarily focused on mortgage lending.
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