Page 4 - Blackrock

BlackRock buys 4.55 mn shares of Swan Energy worth Rs 304 cr via block deal

Global asset manager BlackRock on Monday bought shares of Swan Energy for Rs 304 crore through open market transactions. US-based BlackRock through its three affiliates acquired 45.56 lakh shares, amounting to a 1.45 per cent stake in Mumbai-based Swan Energy, as per the block deal data available with the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 668.27 apiece, taking the combined deal size to Rs 304.50 crore. Meanwhile, Mauritius-based private equity fund 2i Capital PCC, EOS Multi-Strategy Fund AIFLNP VCIC, Dovetail India Fund, Epitome Trading and Investments and Paulomi Ketan Doshi were among the entities which offloaded shares of Swan Energy. The shares were disposed of in the price range of Rs 666.20-692.60 per piece. Shares of Swan Energy jumped 5 per cent to close at Rs 692.60 apiece -- its upper circuit limit -- on the NSE. Swan Energy operates across sectors including textiles, real estate, energy, and petrochemicals.

G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others

While GOAT has completed the $21 million raise, the round is likely to get extended and close at about $30 million given the interest and the active discussions

Asset manager BlackRock to buy UK data firm Preqin for $3.2 bn in cash

BlackRock, which manages more than $10 trillion, is seeking to capitalise on a boom in demand from investors for alternative assets

Google acquires stake in Taiwan solar power firm owned by BlackRock

Google and BlackRock both declined to specify the size of the equity stake being taken in NGP

Ahead of JP Morgan's inclusion, HSBC sees $250 mn of India swap deals

The British bank, via its unit in the International Financial Services Centres Authority, carried out the so-called total return swap deals worth more than $250 million

India bond ETF assets grow by a third after index inclusion announcement

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs

BlackRock stays bullish on Indian bonds brushing aside Modi's narrow win

India's financial markets were jolted Tuesday as results showed Modi's party losing its majority in parliament, an outcome that Moody's Ratings said may delay more far-reaching economic reforms

BlackRock's $20 bn ETF is now world's largest bitcoin fund: Report

The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg

BlackRock sans Fink? Shareholders fret about asset management firm's future

Today, it's a caretaker of $10.5 trillion of investor money and a provider of sophisticated trading technology, and Fink has been an informal financial adviser to many governments, including the US

BlackRock bullish on India, looking to expand its share in govt bond ETFs

BlackRock leads the global ETF space with a nearly 40% market share

Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes

The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure

BlackRock buys shares of two companies for Rs 207 crore via open market

US-based asset manager BlackRock on Friday acquired shares of Electrosteel Castings and PTC India Ltd for Rs 207 crore through open market transactions. BlackRock, through its affiliates iShares II Public Ltd Company - iShares Global Water UCITS ETF, iShares Global Clean Energy ETF and iShares Global Clean Energy UCITS ETF purchased shares of two companies. iShares is a collection of exchange-traded funds managed by BlackRock. According to the bulk deal data available with the National Stock Exchange (NSE), iShares Global Water UCITS ETF bought 32.28 lakh shares of Electrosteel Castings at an average price of Rs 196.21 per scrip, taking the deal value to Rs 63.35 crore. In addition, iShares Global Clean Energy ETF purchased 27.50 lakh shares of PTC India, and iShares Global Clean Energy UCITS ETF acquired 38.67 lakh shares of the firm at an average price of Rs 217.53 apiece, taking the transaction value to Rs 143.95 crore. The combined deal value of both transactions is Rs 207.30

Jio Financial shares rally after company announces JV with BlackRock

The incorporation of a brokerage firm by the joint venture will follow the launch of its wealth management company

Jio Financial-BlackRock JV to launch wealth management, broking business

The two firms had earlier inked a tie-up in July 2023 to step into the over Rs 50 trillion mutual fund market in India

Jio Financial, Blackrock form JV to set up wealth management, broking biz

Jio Financial Services, part of billionaire Mukesh Ambani led-Reliance Group, and BlackRock formed a 50:50 joint venture to launch asset management services in India in July 2023

BlackRock's Q1 profit rises on higher fee income, AUM jumps to $10.47 trn

Investment advisory and administration fees, typically a percentage of AUM and BlackRock's chief source of revenue, jumped nearly 8.8% to $3.63 billion

Blackrock, ADIA, domestic mutual funds increase holdings in Vedanta

The world's largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority, along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the last four months, said market participants. At the same time, foreign institutional investors (FIIs) increased their stake in the conglomerate by 1.2 per cent during the corresponding period, they added. The recent rally in Vedanta share price on the back of demerger plans, deleveraging and soaring metal prices has led to a bullish call by domestic and international funds. "Vedanta has witnessed significant buying interest. Many foreign and domestic investors have increased their stake on the back of strong fundamentals," according to a dealer in a foreign brokerage house. This comes at a time when the Vedanta stock has surged almost 30 per cent, adding about USD 3 billion to its market capitalization since December. Shares of Vedanta

US regulators probe role of asset managers BlackRock, Vanguard in banks

The move could add to a host of troubles for asset managers, which have often been criticized for exerting undue influence on the management of their portfolio companies

Bitcoin 'halving' spurs exodus of old United States mining computers abroad

Bitcoin has surged about 50% this year to around $63,500, though it's down from a record high of $73,798 reached on March 14

India, Indonesia bright spots for investment opportunities: BlackRock

US investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on Tuesday