Page 4 - Stake Sale

Adani Ports' 0.5% stake worth Rs 1,480 crore changes hands, seller unknown

Adani Ports holds a 65.89% stake in the company, mutual funds owns 3.1% stake, while India's largest insurance company, LIC, holds a 7.86% stake

Cipla zooms 5% on 2.53% stake sale by Hamied family, Okasa Pharma

Promoters Shirin Hamied, Rumana Hamied, Samina Hamied and Okasa Pharma Private Limited have sold 2.53 per cent shares of Cipla for an undisclosed amount

Quant Money Managers gets RBI nod to acquire up to 9.98% in RBL Bank

Stake can be acquired through various schemes by mutual fund subsidiary of the investment management firm

Adani Energy Solutions arm to acquire 100% stake in Pointleap Projects

Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a subsidiary of Adani Energy Solutions Ltd (AESL). "AEML today executed Share Purchase Agreement (SPA) with Windson Projects LLP (WPLLP) for acquiring 100 per cent equity shares of PPPL," AESL said in a regulatory filing. The acquisition is expected to be completed within 4-5 working days from the execution date of SPA, it said.

Two entities sell 4.9% stake in Gland Pharma for Rs 1,411 cr via open mkt

Two entities -- Lakumi Trust and Nicomac Machinery -- on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE). As per the data on the NSE, Lakumi Trust offloaded 61.65 lakh shares of Gland Pharma and Nicomac Machinery sold more than 19.55 lakh shares, amounting to a 3.74 per cent stake and an 1.18 per cent stake in the company. The shares were sold within the price range of Rs 1,735.31-1,739.10 apiece, taking the transaction value to Rs 1,411.57 crore. After the latest transaction, Nicomac Machinery sold its entire 1.18 per cent stake and exited the firm. Details of the buyers of Gland Pharma's shares could not be ascertained. Shares of Gland Pharma fell 2.83 per cent to close at Rs 1,807 apiece on the NSE. China's Fosun Pharma is the promoter of Gland Pharma and holds a 57.86 pe

Bain Capital raises $429 mn with Axis Bank stake sale; sells 33.4 mn shares

Bain sold 33.4 million shares in the block trade, according to a term sheet reviewed by Reuters

Singapore's Xcelerate picks up strategic stake in governance firm Stirrup

The acquisition by Xcelerate comes at a time when demand for ESG-related advisory and communication services is on the rise following increased regulatory emphasis on ESG disclosures

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

Govt raises Rs 16,500 cr by selling stakes in companies in FY23-24

Prime Minister Narendra Modi's ambition of privatising state-run firms has taken a back seat due to general elections that start on April 19

Hindustan Construction Company divests entire equity shareholding in HREL

Hindustan Construction Company (HCC) on Sunday said it has divested its entire equity shareholding in HREL Real Estate Ltd, a wholly owned subsidiary of the company. Accordingly, HREL and its following subsidiaries -- Nashik Township Developers Ltd, Powai Real Estate Developers Ltd, HCC Aviation Ltd, HCC Realty Ltd have ceased to be subsidiaries of the company, HCC said in a regulatory filing. "Hindustan Construction Company Ltd has divested its entire equity shareholding in HREL Real Estate Ltd, a wholly owned subsidiary of the company vide share purchase agreement executed on March 31, 2024," it said. The consideration received from sale stood at Rs 10 lakh. HCC had reported a consolidated profit of Rs 233.22 crore in the December quarter.

PPFAS Mutual Fund buys 6.2 million shares of ZEEL for Rs 88 crore

PPFAS Mutual Fund on Wednesday bought over 62 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) for Rs 88 crore through an open market transaction. PPFAS Mutual Fund through its affiliate Parag Parikh Long Term Value Fund acquired the shares of Mumbai-based ZEEL on the National Stock Exchange (NSE). According to the bulk deal data available with the NSE, Parag Parikh Long Term Value Fund acquired 62.22 lakh shares of Zee Entertainment Enterprises. The shares were bought at an average price of Rs 141.44, taking the deal value to Rs 88 crore. Details of the sellers of ZEEL's shares could not be ascertained. Shares of Zee Entertainment Enterprises gained 1.18 per cent to close at Rs 140.90 apiece on the NSE. Meanwhile, in a post on X (formerly Twitter), PPFAS Mutual Fund said, "There is a bulk deal trade of Parag Parikh Flexicap Fund buying Zee Entertainment Enterprises Ltd shares reported on NSE today. We wish to clarify that this was an Arbitrage transaction.

Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore

Standard Chartered Bank on Wednesday sold its entire 7.18 per cent stake in Central Depository Services (India) Ltd for Rs 1,266 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL). The shares were disposed of at an average price of Rs 1,688.64 apiece, taking the transaction value to Rs 1,266.48 crore. As of December 2023, Standard Chartered Bank had owned a 7.18 per cent stake in CDSL, shareholding data showed with the NSE. Details of the buyers of CDSL's shares could not be ascertained. Shares of CDSL plunged 5.58 per cent to close at Rs 1,689 apiece on the NSE.. In a separate transaction on the NSE, Chicago-based Equity International divested a 4.7 per cent stake in Samhi Hotels for Rs 209 crore through an open market transaction. Equity International through its affiliate company -- Blue Chandra Pte Ltd --

HDFC Bank completes Rs 9,553 cr stake sale in education unit HDFC Credila

Central bank had asked private lender to reduce its shareholding in HDFC Credila

HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

Tata Sons to sell up to 23.4 mn TCS shares in a deal worth $1.13 bn

Tata Consultancy Services' stock price closed at Rs 4,152.50 today, it is up 1% on one month and has gone up by 14.92% in six months

Brokerages see up to 25% upside for ITC post BAT stake sale

With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.

Rakesh Gangwal mops up Rs 6,786 crore from 6% stake sale in Indigo

At the end of December 2023 quarter, Rakesh Gangwal directly held 11.72 per cent stake in the company, the shareholding pattern data shows

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Triveni Engineering acquires 25.43% stake in Sir Shadi Lal Enterprises

Sugar company Triveni Engineering & Industries Ltd has acquired a 25.43 per cent stake in Sir Shadi Lal Enterprises Ltd (SSEL) for Rs 35 crore and launched an open offer to shareholders for acquiring an additional 26 per cent stake. Triveni Engineering is one of the leading integrated sugar producers in the country. It is also into engineered-to-order high speed gears & gearboxes and water and waste water management business. In a statement, the company said it has acquired a 25.43 per cent stake in SSEL. Pursuant to a share purchase agreement executed with Vivek Viswanathan and Radhika Viswanathan Hoon on January 30, 2024, the company on Monday acquired 25.43 per cent equity stake in SSEL for an aggregate consideration of Rs 35 crore, i.e. at a price of Rs 262.15 per equity share of SSEL. To acquire a majority stake in SSEL, the company had launched an open offer to the shareholders of SSEL to acquire up to 26 per cent of the outstanding voting share capital at Rs 262.15 per .

Rakesh Gangwal sells shares of InterGlobe Aviation worth Rs 6,785 crore

InterGlobe Aviation's promoter Rakesh Gangwal on Monday sold shares worth Rs 6,785 crore of the company through open market transactions. The co-founder of the company, which operates the country's largest airline IndiGo, offloaded 2.25 crore shares of IndiGo amounting to 5.83 per cent stake, according to bulk deal data on BSE. The shares were sold in three tranches, with the price per scrip varying from Rs 3,015.10 to Rs 3,016.36.