Posts Tagged “group”

Mall owner Simon Property Group to buy rival Taubman Centers in $3.6 billion deal

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Mall owner Simon Property Group to buy rival Taubman Centers in $3.6 billion deal

Taubman Centers shares skyrocketed Monday after the mall owner agreed to be bought by larger rival Simon Property Group in a deal valued at $3.6 billion. The companies said Simon plans to acquire Taubman’s stock for $52.50 a share, or a 51% premium to where Taubman shares closed on Friday. The news sent Taubman’s stock soaring up 52%…

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DHFL funds breach Sebi’s group exposure limits

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DHFL funds breach Sebi’s group exposure limits

A key consequence of the debt market concerns surrounding groups like IL&FS, DHFL and Essel is that schemes exposed to these groups have seen significant outflows. As more liquid holdings were sold to meet redemption pressures, the share of relatively illiquid DHFL papers that they owned soared. So much so that they have crossed the limits prescribed…

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