Page 21 - Stake Sale

Singapore govt, monetary authority trim stake in Zee Entertainment

Singapore government and Monetary Authority of Singapore have sold almost 1% of their total holding in ZEEL to 5.93% for an estimated sum of over Rs 186 crore by selling shares in the open market

Govt plans stake sale in IRCTC, invites bids for managing sale by Sep 10

Govt holds 87.40 per cent stake in IRCTC and has to lower its stake to 75 per cent, according to regulator guidelines

L&T Finance sells its remaining stake in CG Power and Industrial Solutions

Shares of CG Power were trading 4.98 per cent higher at Rs 15.39 per share on BSE

Google to buy 6.6% stake in home security firm ADT for $450 million

ADT expects to offer certain Google devices to its customers beginning this year and to expand the integration in 2021

Oman firm likely to exit Bina refinery as BPCL gears up for divestment

Bharat Oman Refineries (BORL) may get merged with BPCL post-Oman's exit

ITC acquires spices maker Sunrise Foods in all-cash deal for Rs 2,150 cr

SFPL is a Kolkata-based family-owned company engaged primarily in the business of spices

Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31

Amazon in talks to pick up 9.9% stake in Reliance retail arm: Report

Amazon wants a preferred, strategic stake in Reliance Retail for JioMart

Qualcomm Ventures picks 0.15% stake in Jio Platforms for Rs 730 crore

Qualcomm Ventures is a global fund of Qualcomm that invests in pioneering companies across the wireless ecosystem in areas like 5G, AI, IoT, automotive, networking and enterprise

Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment

Dipam secretary pointed out there have been hiccups due to Covid-19

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Reliance Industries announced today an investment of $252 million by Intel Capital for a 0.39 per cent stake in Jio Platforms

IDBI Bank to raise Rs 595 crore by divesting 27per cent stake in IFLI

The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance at a combined value of Rs 595 crore

ICICI Bank sells 3.96% stake in ICICI Lombard for Rs 2,250 crore

Post the transaction, the ICICI Bank's stake in its general insurance subsidiary stands at 51.9 per cent and the rest is publicly held

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

GSK to offload HUL stake worth Rs 26,000 cr in largest secondary sale

Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window

Manulife Investment completes 49% stake acquisition in Mahindra MF

Joint venture to be oriented towards retail assets, deeper penetration

Saudi Aramco plans to sell pipeline stake amid a slump in crude prices

Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a burgeoning list of spending obligations.

Ashok Leyland picks 3.62% stake in Hinduja Leyland Finance for Rs 202 cr

It may be noted that Ashok Leyland decided to acquire 9% stake in HLFL as against its original plan to acquire 19%

Good Feb volumes not enough, power sector demand key for Coal India stock

Pressure on e-auction premiums, subdued outlook on prices and stake sale overhang remain key concerns

RBSA Advisors, Deloitte transaction advisors in NEEPCO, THDCIL stake sale

The government plans to complete the two sale deals before March 2020 in order to meet its Rs 1,05,000-crore disinvestment target