EQUITY STAKE
Global firms buy PB Fintech stakes from early backers Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deal...
03 Jul, 2024, 06.06 PM ISTPromoter selling can cross Rs 1 lakh crore mark as retail investors buy using MFs With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.
01 Jul, 2024, 04.13 PM ISTGoogle buys stake in Taiwan solar power firm owned by BlackRock Investing in New Green Power in Taiwan, I drive sustainable energy solutions for manufacturers, reducing Scope 3 emissions. This aligns with my commitment to carbon-free operations and environmental sustainability, supporting solar capacity growth i...
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JSW Infrastructure to acquire 70.4% stake in Navkar Corp for Rs 1,012 cr JSW Infrastructure on Thursday said it will acquire 70.37 per cent shareholding in Navkar Corporation for around Rs 1,012 crore, paving the way for its foray into the logistics industry.
27 Jun, 2024, 09.21 PM ISTMapmyIndia shares fall 6% after promoter likely offloads stake Shares of CE Info Systems-owned MapmyIndia fell by 6% to day’s low of Rs 2,271 on BSE after the company’s promoter Rakesh Verma reportedly offloaded equity stake via a block deal on Wednesday.
26 Jun, 2024, 02.39 PM ISTAmbuja Cements, Ravi Sanghi to offload 3.52 pc stake in Sanghi Industries Ambuja Cements and Ravi Sanghi plan to sell a 3.52% stake in Sanghi Industries through an OFS. The sale will occur over two days on June 26 and June 27, 2024. Adani group firm Ambuja Cement acquired a majority stake in Sanghi Industries last year, w...
26 Jun, 2024, 11.33 AM ISTPrivate equity firm Olympus to sell upto 10% stake in Aster DM Healthcare on Friday Olympus Capital Asia Investments is set to trim its stake in Aster DM, with a base offering of 2.5 crore shares, representing 5% of the company. Olympus currently holds a 10.1% stake in Aster DM.
20 Jun, 2024, 07.09 PM ISTWestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 crore WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of share...
20 Jun, 2024, 08.30 AM ISTAxis Group ups stake in Max Life Insurance to 19.99% Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life's FY24 gross premium income stands at ₹29,529 crore.
20 Jun, 2024, 07.16 AM ISTJindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 cr Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal S...
17 Jun, 2024, 09.16 PM ISTPromoter of ZF Commercial mulling stake sale worth Rs 1,500 crore Cashing on the benefit of peak multiples in the Indian equity market, promoters of ZF Commercial Vehicle Systems India (formerly WABCO INDIA) is looking to sell 4-5% stake in the India unit, according to multiple people aware of the development. Ger...
06 Jun, 2024, 07.50 PM ISTGodrej Properties sells 5% in Godrej Green Homes to Godrej Fund Management Godrej Properties sells 5% equity stake in Godrej Green Homes to Godrej Fund Management and Investment Advisors for Rs 46.70 crore.
05 Jun, 2024, 11.49 PM ISTInsuranceDekho in talks to acquire credit marketplace BankSathi: sources Insurance marketplace InsuranceDekho, backed by investors like TVS Capital and Goldman Sachs Asset Management, will acquire a majority stake in BankSathi, which is a distributor of credit cards and personal loans, two people in the know said.
04 Jun, 2024, 07.58 AM ISTGeneral Atlantic likely to sell up to 6.8% stake in KFin Technologies today The base size of the sale is 70.17 lakh shares, constituting 4.1% of the company, with an option to increase to 1.17 crore shares or 6.8% of today's equity.
30 May, 2024, 05.40 AM ISTGeneral Atlantic Singapore likely to sell up to 6.8% stake in KFin Technologies for Rs 833 crore via block deal: Report General Atlantic is a part of the promoter group which holds a stake in KFin Technologies. In December, General Atlantic had sold a nearly 10% stake in KFin or 1,70,00,000 shares of the company at Rs 500.25 apiece. It made a profit of Rs 851 crore.
29 May, 2024, 09.04 PM ISTConcord Biotech stock slips over 5% after Rs 519 crore worth of shares change hands Shares of Concord Biotech fell 5.3% on BSE due to a large block deal where Ontario Inc. sold a 3.4% stake at a discount, impacting stock performance.
28 May, 2024, 11.25 AM ISTNazara promoter sells 6.38% stake to Plutus Wealth, stock up 4% Today, Mitter Infotech, the promoter of gaming and esports company Nazara Technologies, completed an on-market block deal by selling 48.84 lakh shares, equivalent to 6.38% equity, to Plutus Wealth Management.
27 May, 2024, 10.13 AM ISTIndian Bank plans to raise Rs 5,000 crore via equity & Rs 7,000 crore through debt Indian Bank plans to raise Rs 5,000 crore in equity and Rs 7,000 crore through perpetual and infrastructure bonds. This move aims to strengthen capital base and finance infrastructure projects. Government's stake to decrease.
22 May, 2024, 03.08 PM ISTPB Fintech's Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore Dahiya plans to sell up to 54 lakh shares, while Alok Bansal intends to sell up to 29.70 lakh shares, valuing the deal at about ₹1,053 crore at the floor price.
17 May, 2024, 05.50 AM ISTS&P Dow Jones to sell stake in indices venture to BSE BSE will buy the S&P unit's 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter of the current financial year.
09 May, 2024, 05.43 AM IST