State-owned Oil and Natural Gas Corporation is in active negotiations to acquire stakes in San Cristobal and Carabobo oilfields in Venezuela.
Tag: Stake
L’Oréal Acquires Majority Stake in Indian Startup Innovist in Strategic D2C Expansion
The French beauty giant described the acquisition of the Indian direct-to-consumer skincare startup as central to its growth strategy in South Asia.
Meta Invests $900 Million for 20% Stake in CRED Tapping Kunal Shah to Lead WhatsApp
The US social media giant made a significant bet on Indian fintech and named CRED founder Kunal Shah to lead its WhatsApp messaging service.
L’Oreal Acquires Majority Stake in Indian Skincare Startup Innovist
The French cosmetics giant expanded its Indian footprint through the acquisition of Innovist, calling the startup ‘a clear testament to expand our presence in India’.
SoftBank Seeks Stake in Japan’s Top Utility to Power Its AI Boom
Masayoshi Son’s SoftBank is targeting a strategic utility investment to secure reliable electricity for its growing AI infrastructure ambitions.
SpaceX Stake Worth Over $1 Trillion as Musk Becomes First Trillionaire
Elon Musk’s SpaceX valuation has pushed his personal net worth past $1 trillion, making him the world’s first US-dollar trillionaire.