Share Sales

Cipla promoters may sell 1.72% stake worth Rs 2,000 crore via block deal

The floor price for the Cipla share sale has been set at Rs 1,442 per share, reflecting a 6 per cent discount to the current market price

NTPC Green, Waaree Energies: Rs 1.17 trn worth shares to exit IPO lock-in

IPO lock-in exit wave: NTPC Green, Waaree Energies, Hyundai Motor India, among 50 companies whose shares will go through the IPO lock-in exit period; check the full list here

Sudarshan Chemical Industries promoters sell 3% stake for Rs 197 crore

Pradeep Ramwilas Rathi and Subhadra Pradeep Rathi, the two promoters of Sudarshan Chemical Industries, on Wednesday sold a 3 per cent stake in the company for Rs 197 crore through open market transactions. According to the bulk deal data on the BSE, Pradeep Ramwilas Rathi offloaded 7.6 lakh shares of Sudarshan Chemical Industries, while Subhadra Pradeep Rathi sold 20.75 lakh shares. The shares were sold in the price range of Rs 950.04-950 apiece, taking the combined deal value to Rs 197.15 crore. Pursuant to the latest transaction, Subhadra Pradeep Rathi exited the firm by selling entire 1.9 per cent stake in Sudarshan Chemical Industries, while the holding of Pradeep Ramwilas Rathi has declined to 4.95 per cent from 6.05 per cent in the firm. Meanwhile, Boon Investment and Trading Co, Jovial Investment and Trading Co and Blue Daimond Properties picked up 20.22 lakh shares or 2.92 per cent stake in the company. The shares were acquired at an average price of Rs 950 per piece, taki

Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS

Grid Equipments, the promoter of GE Vernova T&D India, on Monday said it will divest up to 8.38 per cent of its holding in the company through an offer for sale (OFS) mechanism. The proposed OFS will open on Tuesday and conclude on Wednesday. The sale will involve a base offer of 1.4 crore equity shares (5.47 per cent of paid-up equity) with an option to oversubscribe by an additional 74.51 lakh shares (a 2.91 per cent stake), collectively amounting to 2.14 crore shares, amounting to an 8.38 per cent with a face value of Rs 2 each. The seller has fixed a floor price of Rs 1,550 per share. The transaction will be executed through a separate trading window on the BSE and the NSE, the company said in a regulatory filing exchanges. On November 26, non-retail investors will have the opportunity to bid during trading hours, with the option to carry forward unallocated bids to the second day. Retail investors and eligible non-retail bidders can participate on November 27, with 10 per ...

SpaceX in talks to sell insider shares to boost valuation to around $255 bn

That would be a premium to the company's previous valuation of about $210 billion. It would also cement SpaceX's status as the most valuable private US company

Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share

The government will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price. The two-day OFS opens for institutional bidders on Wednesday and for retail investors on Thursday. "Offer for sale in Hindustan Zinc Limited (HZL) opens tomorrow (Wednesday) for non-retail investors. Retail investors can bid on Thursday, 7th November. Government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a post on X. The government is selling over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscription of similar amount. The floor price is at a discount of 9.7 per cent over Tuesday's closing price of Rs 559.45. Shares of HZL closed at Rs 559.45, up 2.99 per cent over previous close on the BSE.

Adani Enterprises raises $500 mn in primary equity to fund growth plans

Adani Enterprises Limited (AEL), the flagship firm of the conglomerate helmed by Gautam Adani, on Thursday said it has raised Rs 4,200 crore in share sale to large investors via a qualified institutional placement (QIP) issue to fund its future growth plans. The firm allocated 1.41 crore equity shares to qualified institutional buyers at an issue price of Rs 2,962 per equity share, it said in a statement. "The transaction was launched post-market hours on October 9, 2024 with a deal size of approximately Rs 4,200 crore (USD 500 million) and closed on October 15, 2024," it said. The QIP saw overwhelming demand, receiving bids of approximately 4.2x of the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds and insurance companies. A QIP is, at its core, a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Adani Enterprises had in January last year planned to raise Rs 20,000

US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek

Financial services company Capital Group on Tuesday divested a 1.7 per cent stake in IT firm Mastek for over Rs 148 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based Capital group through its arm SmallCap World Fund Inc offloaded 5.30 lakh shares, amounting to a 1.7 per cent stake in Mastek. The shares were sold at an average price of Rs 2,801.68 apiece, taking the deal value to Rs 148.49 crore. After the share sale, Capital group's holding in Mastek has come down to 6.24 per cent from 7.94 per cent. Meanwhile, Aalidhra Textool Engineers bought 2 lakh shares of the company at an average price of Rs 2,800.81 per piece. This took the deal value to Rs 56.01 crore. Details of the other buyers of Mastek's shares could not be ascertained. Shares of Mastek rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE.

Adani Enterprises raises $500 million via share sale to insurance, MF firms

Adani Enterprises in May approved raising up to $2 billion through modes including a so-called QIP method used by listed Indian companies to raise funds from large institutions

Adani's about $1.3 billion share sale likely to start next week: Report

Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7

Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market

Hydra Trading, a public shareholder of RBL Bank, on Monday sold a 1.24 per cent stake in the private sector lender for over Rs 152 crore through an open market transaction. According to block deal data available on the BSE, Hydra Trading Pvt Ltd offloaded 75.11 lakh shares or 1.24 per cent stake in RBL Bank. The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore. As of June quarter ending, Hydra Trading owned a 1.25 per cent holding in Mumbai-based RBL Bank. These shares were acquired by Cronus Merchandise LLP at the same price. Shares of RBL Bank fell 1.57 per cent to close at Rs 204.35 per piece on the BSE. In a separate transaction on the BSE, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for Rs 51 crore through an open market transaction. The shares were picked up at an average price of Rs 59.95 apiece, taking the aggregate transaction value to Rs 50.96 crore, as pe

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

Antfin Singapore Holding divests 2.1% stake in Zomato for Rs 4,771 cr

Antfin Singapore Holding on Tuesday divested a little over 2 per cent stake in online food delivery firm Zomato for Rs 4,771 crore through open market transactions. Antfin Singapore Holding Pte is an arm of Ant Financial Group, while the latter is a part of Chinese e-commerce giant Alibaba. According to the bulk deal data available on the BSE, Antfin Singapore Holding sold 18,54,40,550 shares in two tranches, amounting to a 2.1 per cent stake in Gurugram-based Zomato. The shares were disposed of in the price range of Rs 257.17-257.46 apiece, taking the transaction value to Rs 4,771.66 crore. After the share sale, Antfin Singapore Holding's stake has been reduced to 2.14 per cent from 4.24 per cent. Details of buyers of Zomato's shares could not be ascertained. Shares of Zomato rose 0.27 per cent to close at Rs 263 apiece on the BSE. In March this year, Antfin Singapore Holding pared a 2 per cent stake in Zomato for Rs 2,827 crore. Earlier this month, food delivery aggregator Zo

Vedanta raises OFS size of Hindustan Zinc, set to offload 3.31% stake

Mining conglomerate Vedanta on Wednesday said it has raised the offer-for-sale size of Hindustan Zinc and will now offload 3.31 per cent stake in the company, representing up to 14 crore shares. On Tuesday, the Vedanta board approved the sale of up to 11 crore shares or 2.60 per cent stake in Hindustan Zinc through offer-for-sale (OFS). "The duly authorised Committee of Directors of Vedanta Ltd , at its meeting held on August 14, 2024, has approved the sale of up to 14,00,00,000 equity shares of Hindustan Zinc Ltd (HZL), representing 3.31 per cent of the issued and paid-up equity share capital of HZL, by way of an offer-for-sale," Vedanta said in a filing to BSE. At Wednesday's closing price of Rs 572.95 apiece on BSE, the sale of HZL's 14 crore shares will fetch Vedanta Rs 8,021 crore. At 11 crore shares, the amount would have been Rs 6,302 crore. At the end of the June quarter, Vedanta owned 64.92 per cent stake in HZL while the government had 29.54 per cent. Vedanta plans to .

Adani planning to raise $1.2 bn for flagship firm via share sale: Report

Adani Group is seeking institutional investors including from the US as part of its efforts to expand its shareholder base and draw more research analysts to cover the firm

BLS E-Services to acquire 55% stake in Aadifidelis Solution for Rs 190 cr

Visa services provider BLS International on Tuesday said its subsidiary BLS E-Services Limited (BLSE) has signed an agreement to acquire 55 per cent in Aadifidelis Solutions and its affiliates for an enterprise value of about Rs 190 crore. BLSE has entered into a definitive Share Purchase Agreement (SPA) to acquire the controlling interest in Aadifidelis Solutions (ASPL) and its affiliates, a major player in India in the distribution and processing of loans for corporates and individuals. BLSE will make an upfront investment (primary and secondary) of about Rs 71 crore with balance consideration being deferred linked to the achievement of milestones in 2024-25, BLS said in a release. The acquisition will be an all-cash deal. The transaction will be completed in the second quarter of the fiscal. Shikhar Aggarwal, Joint Managing Director of BLS International Services said that the signing of a definitive agreement with ASPL is a strategic move that will unveil a plethora of ...

Timken India promoter pares 6.6% stake for Rs 1,956 cr through open market

Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Axis Mutual Fund (MF), Nippon India MF, UTI MF, HDFC Life Insurance, Morgan Stanley Asia Singapore, BofA Securities Europe SA, Singapore government and Monetary Authority of Singapore were among the buyers of Timken India's shares. Timken Singapore Pte offloaded a total of 50 lakh shares in 17 tranches through separate block deals on the BSE. As per the data, Timken Singapore sold 50 lakh shares, amounting to a 6.6 per cent stake in Bengaluru-based Timken India. The shares were disposed of at an average price of Rs 3,913.35 apiece, taking the deal value to Rs 1,956.67 crore. After the share sale, shareholding of Timken Singapore Pte has reduced to 51.06 per cent from 57.70 per cent in the company. On Tuesday, shares of Timken India rose 2.78 per cent to close at Rs 4,062.80 apiece on the BSE. In June last year

All procedure followed for share sale, says REL Chairperson Rashmi Saluja

Refuting allegations by Burman family, Religare Enterprises Ltd (REL) Executive Chairperson Rashmi Saluja said the share sale by her was in accordance with procedure and approval of the board. Earlier this month, Burman Family, who are locked in a pitched battle with Religare Enterprises for the acquisition of the financial services firm, made fresh complaints against Saluja about insider trading violations. As per the disclosure on exchanges last month, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja's holding in REL is reduced to 0.81 per cent from 1.23 per cent. "What I have read in the newspaper it is all unsubstantiated. The proposal was approved by the board and Nomination and Remuneration Committee (NRC). The board and independent members approved the proposal as per the regulation. So there has been no violation of regulation at all," she said. Burmans, who holds around 25 per cent o

Punjab National Bank seeks to close institutional share sale in 6 mths: CEO

Punjab National Bank's board had in December approved a Rs 7,500 crore ($898 million) fund raise through equity capital

RK Swamy IPO: All you need to know about this Rs 423 cr share sale

RK Swamy IPO: The Company's share sale opens today and closes on March 06. Investors can subscribe to the issue in the price band of Rs 270-288 per share.