Tag Archives: Shareholder

BlackBerry to Raise $605 Million From Shareholder Fairfax, Others

Troubled smartphone maker BlackBerry said it would raise about $605 million (roughly Rs. 4,062 crores) by selling convertible debentures to shareholder Fairfax Financial Holdings and other investors. The Canadian company will also redeem on September 2 roughly $1.25 billion (roughly Rs. 8,393 crores) worth of outstanding debentures carrying a coupon of 6 percent, it said on Friday. The new debt ... Read More »

LeEco will become Coolpad’s largest Shareholder

chinese net conglomerate LeEco has purchased eleven percentage extra shares of telecommunications system employer Coolpad, turning into its biggest shareholder. LeEco bought the stocks from data Dreamland, the previous biggest shareholder of Coolpad, for $one hundred thirty five million (more or less Rs. 910 crores). After the transaction, LeEco holds a total 28.9 percent of Coolpad’s shares and will become ... Read More »