Page 8 - Stake Sale

Lighthouse Advisors India sells 1.3% stake in Bikaji Foods for Rs 156 cr

Mumbai-based Lighthouse Advisors India on Tuesday divested a 1.3 per cent stake in Bikaji Foods International for nearly Rs 156 crore through an open market transaction. Lighthouse Advisors through its investment vehicle Lighthouse India Fund III sold the shares of Bikaner-based Bikaji Foods. According to the bulk deal data available with the BSE, Lighthouse India Fund III offloaded 32,42,070 shares, or a 1.3 per cent stake, in Bikaji. The shares were disposed of at an average price of Rs 480 apiece, taking the aggregate transaction value to Rs 155.62 crore. After the transaction, Lighthouse India Fund III's shareholding has declined to 1.4 per cent from 2.7 per cent, shareholding data with the BSE showed. Meanwhile, Plutus Wealth Management LLP acquired 13.5 lakh shares of Bikaji Foods International, while details of other buyers could not be identified. Shares of Bikaji Foods International jumped 6.12 per cent to close at Rs 511.70 apiece on the BSE. In a separate bulk deal on

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

Investment company Verlinvest Asia Pte Ltd on Thursday divested a 12.56 per cent stake in wine producer Sula Vineyards for Rs 513 crore through an open market transaction. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards. The shares were sold at Rs 484.13 per piece, taking the transaction size to Rs 513.17 crore. After the transaction, Verlinvest Asia Pte Ltd's shareholding fell to 6.08 per cent from 18.64 per cent stake, shareholding data showed with the exchange. Meanwhile, HDFC Mutual Fund, Ghisallo Master Fund LP, Morgan Stanley Asia Singapore Pte, Societe Generale acquired a total of 59.58 lakh shares of Sula Vineyards at Rs 484 per piece. This took the deal value to Rs 288.39 crore.

APL Apollo Tubes slips 3% on heavy volume amid promoter stake sale buzz

According to reports, the promoter was to sell stake close to 1 per cent stake via block deals.

University of Notre Dame sells 3% stake; Vishnu Prakash IPO subscribed 88x

The company was looking to issue Rs 309 crore in fresh capital through the IPO

Stake sale, IPO plans for retail units in focus for Ambani's AGM speech

His once-a-year speech to investors - similar to Warren Buffett's annual letters to Berkshire Hathaway shareholders - has over time evolved into an highly anticipated pageant

Antfin likely to sell over 3% stake in Paytm via block deal on August 25

Deal is said to be valued at around $234 million

Quinag exits Manappuram Finance, sells entire stake for Rs 1,177 crore

Foreign fund house Quinag Acquisition on Thursday offloaded its entire stake in Manappuram Finance for Rs 1,177 crore through an open market transaction. According to the bulk deal data available with the BSE, Quinag Acquisition (FPI) disposed of 8,37,85,880 shares amounting to a 9.90 per cent stake in Manappuram Finance. The shares were offloaded at an average price of Rs 140.50 apiece, taking the transaction value to Rs 1,177.19 crore. At the end of June quarter, Quinag owned more than 8.37 crore shares which is equivalent to 9.90 per cent stake in the company, as per the shareholding data available with the BSE. Meanwhile, Bofa Securities Europe SA acquired 62.60 lakh shares and Chartered Finance and Leasi NG bought 50 lakh shares of Manappuram Finance. Shares of Manappuram Finance fell 2.64 per cent to close at Rs 142.25 apiece on the BSE. In a separate open market transaction on the BSE, promoter entity Sapphire Foods Mauritius pared a 2.5 per cent stake in restaurant operat

Paytm shareholder Antfin to sell 3.6% stake via block deal: Report

The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees

Subway nears $9.6 billion sale to Arby's owner Roark Capital: Report

A deal could be finalized this week, the report said, citing people familiar with the matter

Welspun Enterprises buys 50% stake in Michigan Engineers for Rs 137 cr

Welspun Enterprises Ltd on Monday announced acquiring a little over 50 per cent stake in technology-based EPC firm Michigan Engineers Private Ltd for Rs 137.07 crore. With the completion of the transaction, Michigan Engineers Private Ltd (MEPL) has become its subsidiary, Welspun Enterprises Ltd (WEL) said in a statement. "WEL has announced acquisition of 50.10 per cent stake in MEPL, a trenchless technology-based EPC (Engineering, Procurement and Construction) company in the urban water infrastructure segment, from the existing shareholders for an equity investment of Rs 137.07 crore," the statement said. The acquisition aligns with WEL's strategy to expand its water infrastructure business and marks the company's entry into a high-margin and high-growth water and tunnelling solutions segment, strengthening its overall business portfolio, the statement said. "MEPL is strong, strategic fit for accelerating the growth of our water business and we are certain that the combined strengt

Authum Investment picks up 1.9% stake in DB Realty for Rs 100 crore

Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in real estate developer DB Realty for Rs 100 crore through open market transactions. Following the stake purchase by Authum, DB Realty shares zoomed 11.84 per cent to close at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE. According to the bulk deal data available with the BSE and NSE, Authum Investment and Infrastructure bought 40 lakh shares each on both the bourses in four tranches, amounting to a 1.9 per cent stake in DB Realty. The shares were acquired in the range of Rs 123-127 apiece on the NSE and BSE, taking the combined transaction value to Rs 100 crore. Meanwhile, two individuals -- Abhay Shyamsunder Chandak and Aditya S Chandak -- offloaded a total of 80 lakh shares of DB Realty on NSE and BSE at the same price. Authum Investment and Infrastructure Ltd is a BSE-listed and registered NBFC in the business of investment in shares and ..

IRFC slumps 6% as govt eyes 11% stake sale via OFS, stock up 49% in 2023

News agency Reuters reported the government will aim to sell up to 11 per cent stake in IRFC in multiple tranches, but it is yet to decide the exact quantum of sale

Burman Family buys 7.5% stake in Religare Enterprises for Rs 534 cr

The Burman Family on Wednesday acquired a 7.5 per cent stake in diversified financial services group Religare Enterprises for Rs 534 crore through open market transactions. Following the stake purchase, shares of Religare Enterprises zoomed 6 per cent to close at Rs 233.35 apiece on the BSE. The three entities -- Puran Associates, Vic Enterprises and M B Finmart -- of the Burman Family acquired the shares of Religare Enterprises. According to the block deal data available with BSE, Puran Associates, Vic Enterprises and M B Finmart purchased a total of 2.45 crore shares, amounting to a 7.5 per cent stake in Religare Enterprises. The shares were bought at an average price of Rs 217.95 apiece, taking the combined transaction value to Rs 533.97 crore. Meanwhile, these shares were offloaded by Singapore-based entity Investment Opportunities V Pte in three tranches at the same price. Puran Associates is owned by Anand Burman and Minnie Burman, while V C Burman owns Vic Enterprises. M B

Evergrande's EV maker agrees to sell 28% stake for $500 mn to Dubai's NWTN

NWTN has agreed to invest $500 million in China Evergrande New Energy Vehicle Group Ltd. in exchange for shares and a majority of the EV maker's board

Authum Investment sells JSW Energy shares for Rs 552 cr via open market

Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and securities. According to the bulk deal data available with the BSE, Authum Investment & Infrastructure sold 1,60,00,000 shares, amounting to a 0.97 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 345 apiece, taking the transaction size to Rs 552 crore. Meanwhile, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy at the same price, taking the aggregate transaction value to Rs 411 crore. Details of the other buyers could not be ascertained. Shares of JSW Energy gained 1 per cent to close at Rs 345.10 apiece on the BSE. Last month, JSW Energy reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to the one-time impact of non-operational ..

Top headlines: MoS IT meets laptop makers, delays likely in IDBI stake sale

Business Standard brings you the top headlines at this hour

Carlyle to acquire minority stake in Quest Global at $2 bn valuation

The percentage of stake acquired by Carlyle and Prabhu was not disclosed as part of the announcement

Paytm founder set to acquire 10.3 per cent stake in the company from Antfin

The no-cash deal will make Sharma the largest shareholder in the company

Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results

With regards to the promoters stake sale buzz, the company said it will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises.

Promoter entity Twin Star pares 4.1% stake in Vedanta for Rs 3,983 cr

Billionaire Anil Agarwal-promoted Twin Star Holdings on Thursday divested a 4.1 per cent stake in conglomerate Vedanta Ltd for Rs 3,983 crore through an open market transaction. Following the stake sale, shares of Vedanta tumbled 6.71 per cent to close at Rs 253.90 apiece on the NSE. According to the bulk deal data available with the National Stock Exchange (NSE), Twin Star Holdings Ltd offloaded more than 15.40 crore shares, amounting to a 4.14 per cent stake of Vedanta Ltd. The shares were sold at an average price of Rs 258.55 apiece, taking the aggregate transaction value to Rs 3,983.10 crore. Meanwhile, Copthall Mauritius Investment acquired nearly 8.49 crore equity shares in two tranches and Societe Generale bought more than 2.94 crore shares, amounting to 2.2 per cent and 0.79 per cent, respectively, stake in Vedanta. The shares were purchased at an average price of Rs 258.50 per piece. This took the combined deal size to Rs 2,955 crore.