Page 16 - Stake Sale

Kirloskar Pneumatic soars 7%, hits record high as MFs acquire over 6% stake

On August 10, the promoters have sold 9.32 million shares or 14.45 per cent stake in the company for Rs 432 crore via bulk deals on the BSE.

Six merchant bankers in fray for HZL stake sale; presentation on Friday

As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice

Centre shortlists six investment banks to assist in HZL stake sale

Centre is looking to sell its residual 29.5% in tranches through offer for sale mechanism

CARE Hospitals buy majority stake in United CIIGMA for around Rs 400 cr

The investment will allow CARE to have a presence in three Maharashtra cities. CARE's network spans 17 healthcare facilities in eight cities and six states of the country.

CCI approves Greenforest New Energies' stake buy in Tata Power Renewable

The proposed combination relates to the acquisition of up to 11.43% stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment Company

Metropolis tanks 27% in 1-mth on promoter stake sale buzz, latter clarifies

The promoters of Metropolis Healthcare on Monday after market hours clarified that they have no intention to exit the business.

IIFL Finance rallies 8% as home loan arm inks Rs 2,200-cr deal with ADIA

IIFL Home Finance proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.

Bata India dives after 2.8% promoter stake sale; stock down 8% in a week

On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.

IDBI may be allowed to merge with pvt bank after stake sale by Centre, LIC

The government sees banks and large non-banking financial companies as the most suitable contenders to participate in the sale of IDBI Bank

Aditya Birla Fashion to sell minority stake to private equity firms

On Monday, the stock closed flat at Rs 273 a share, thus, giving a total market valuation of Rs 25,618 crore to the company

Govt weighs selling part of BPCL instead of entire stake: Report

New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, say two government officials who declined to be named

Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation

The founder of Dr Sheth's will continue to lead the business and product innovation

Future Enterprises sells 25% stake in joint venture insurance firm

Future Enterprises has defaulted on repayment of Rs 2,911.51 crore of loans to lenders

LIC board to meet Tuesday for IPO dates, issue likely opens May 4

The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion

Invesco sells 7.74% stake in Zee Entertainment for Rs 2,092 crore

Puts 74.32 million shares on the block at Rs 281.46 apiece; Morgan Stanley, Segantii India among buyers

Centre to sell 1.5% stake in ONGC via OFS; may get Rs 3,000 crore

Offer includes green shoe option, opens Wednesday; retail investors can place their bids Thursday

University of California picks up 0.57% stake in Kotak Mahindra Bank

The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board (CPPIB), data released by BSE showed

Mahindra Logistics acquires last-mile delivery firm ZipZap for Rs 72 crore

Mahindra will acquire 60% in the Hyderabad-based firm through primary and secondary purchases in two phases

Stake-sale overhang likely to keep Indus Towers stock under pressure

Rental renegotiations another dampener for the stock

IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies

Fleetx.io has raised a total of Rs 145 crore in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT