Page 12 - Stake Sale

DOMS buys 30% stake in Delhi-based toy maker Clap Joy for undisclosed sum

The move is part of the acquirer's strategy to expand into newer related-product segments and leverage its global distribution reach

Who is Rajiv Jain, and how he built his $92 billion empire at GQG Partners

Jain's career as a portfolio manager started in 1994 when he joined Vontobel Asset Management

Adani promoters sell stakes worth Rs 15,446 crore to GQG Partners

The promoters plan to use the proceeds to retire debt and for other corporate purposes

Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece

Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr

Delhivery had come out with a Rs 5,235 crore IPO in May 2022

Tata Group's talks over $1 billion Bisleri stake stall over valuation

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said

Temasek in talks to buy stake in India's Cloudnine hospital chain: Report

Singaporean sovereign fund Temasek Holdings is in advanced talks to buy a minority stake in Cloudnine Hospitals, valuing the Indian hospital chain at Rs 30 billion ($362.7 million)

China's Alibaba Group sells its entire remaining 3.4% stake in Paytm

At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January

Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy

The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. For the coming fiscal, the government has lined up strategic stake sales in companies like HLL Lifecare, PDIL, Shipping Corporation and BEML to meet the similar disinvestment target set in the 2023-24 Budget. The government currently holds a 29.54 per cent stake in Hindustan Zinc or HZL. In 2002, it sold 26 per cent of HZL to the mining billionaire Anil Agarwal-led group. Vedanta group later bought 20 per cent from the market and another 18.92 per cent from the government in November 2003, raising its ownership to 64.92 per cent in HZL, which is the world's second-largest integrated Zinc producer and sixth-largest silver producer globally. The government on Wednesday lowered the disinvestment target for the current fiscal (2022-23) to Rs 50,000

Biocon sells 9.96% stake in contract research firm Syngene via open market

Bengaluru-based Biocon had in September 2022 sold a 5.4% stake in the open market, as per an exchange filing

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

AT1 bond setback: Carlyle, Advent supportive, says YES Bank MD & CEO

The stock tanks 8.33% following Bombay HC order and weak Q3 showing

BoM Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale

State-owned bank may come out with qualified institutional placement of equity shares in the last quarter of FY23

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr

The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore

Paytm shares slip over 6% after Alibaba sells direct stake via block deal

However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company

Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

The transaction would be worth Rs 2,250 crore taking into account the stock movement today

Small, mid CPSEs likely to be on Centre's FY24 disinvestment list

Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March

Private-equity firm Carlyle Group buys majority stake in India's VLCC

VLCC founders Vandana Luthra and Mukesh Luthra will continue to hold a significant stake in the company, Carlyle said

Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz

The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company