Stake Sale

The 30.48 per cent divestment in IDBI Bank is expected to take the government's receipts from stake sales and asset monetisation past the BE of ₹80,000 cr

Care Edge Ratings on Monday said it has decided to sell a 19.8 per cent stake in its wholly-owned subsidiary CareEdge Global IFSC to State Bank of India and NSE IFSC. The company has executed share purchase agreements and a shareholders' agreement with State Bank of India (SBI) and NSE IFSC (NSEIX) to sell a 9.9 per cent equity stake each in CareEdge Global IFSC Ltd (CGIL), Care Edge Ratings said in a regulatory filing. After the share transfer is completed, the company will continue to hold an 80.2 per cent equity stake in CGIL, it said. The deal is expected to be concluded within two months, it added.

Govt must push its disinvestment agenda aggressively

The IDBI employees' forum sought a halt to the proposed sale and disclosure of valuation details, while the government said employees' service conditions would remain unchanged

Emami, ITC, Britannia and Orkla India are among the companies interested in Farmley, as early investors explore a stake sale that could value the healthy snacking brand at ₹2,000 crore

CEO Giuseppe Marsocci says no decision has been made on the stake sale; Giorgio Armani's will named LVMH, L'Oreal and EssilorLuxottica as preferred buyers

The government is evaluating the financial bids for strategic stake sale in IDBI Bank and the process is moving at a steady pace, government sources said on Friday. In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank, sources had earlier said. The strategic disinvestment of IDBI Bank is moving at a steady pace. The government is evaluating the financial bids submitted by the interested investors, the sources said, without disclosing any further details. Both the bidders have experience in the Indian banking sector, with Dubai-based Emirates NDB acquiring majority stake in RBL Bank earlier this year and Fairfax Financial holding a 40 per cent stake in the private-sector CSB Bank. The bidders already have security clearance from Ministry of Home Affairs (MHA) and 'Fit and Proper' assessment from the Reserve Bank of India. This is the second time that the interested ..

SBM Bank (India), a wholly owned subsidiary of SBM Bank (Mauritius) Ltd, is exploring a 26 per cent stake sale, and the proceeds would be utilised for the expansion of its Indian operations, the bank's ED and CFO, Amit Jagdhari, said. "The bank has appointed a consultant for the process, and we are at the Expression of Interest stage. As you know, there are very regulatory processes involved, so it is very difficult to give a timeline," he said. He clarified that the money realised from the stake sale would be deployed as growth capital for SBM Bank (India). He further said the parent entity has infused Rs 75 crore in June, while another Rs 75 crore is coming later this month to grow the business. The bank, with a limited branch presence in the country, aims for credit growth of 32-35 per cent in FY27. Earlier in the day, the bank opened its 23rd branch in Gurugram near Delhi. Alongside its physical expansion, SBM Bank India is also strengthening its digital wealth proposition, h

Promoter family buys 0.57% stake from TPG-backed Centella, two months after Aster-Quality Care merger became effective

Startup accelerator Y Combinator on Tuesday divested nearly a 1.2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction. US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19 per cent stake in Bengaluru-based Groww, as per the bulk deal data on the BSE. The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore. After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44 per cent from 8.63 per cent. Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange. Shares of Billionbrains Garage Ventures settled 2.52 per cent lower at Rs 193.70 apiece on the BSE on Tuesday. In May, Y Combinator sold a 1.45 per cent stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market ...

Fair trade regulator CCI on Tuesday cleared the proposal of Prudential Corporation Holdings, an arm of UK-based financial giant Prudential plc, to acquire a stake in Bharti Life Insurance Company Ltd. "The proposed combination envisages the acquisition of certain equity shareholding in Bharti Life Insurance Company Ltd (Target) by Prudential Corporation Holdings Ltd (Acquirer)," the Competition Commission of India (CCI) said in a release. Prudential Corporation Holdings acts as the holding company of the acquirer Group's insurance and asset management operations in Asia and provides management and support to its Asia and Africa business operations, while Bharti Life Insurance is an IRDAI-licensed insurer. "CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company Limited by Prudential Corporation Holdings Limited," the regulator said in a post on X. In May this year, UK-based Prudential plc announced that it would acquire a majority 75 per cent stake

India is selling PSU stakes, but rarely giving up control. Why has the government chosen disinvestment over full privatisation? Experts explain

The long-delayed sale of the government's stake in IDBI Bank is also likely to conclude this fiscal year, potentially adding $2.5 billion to state coffers

Police arrested seven people, including GSM Foils co-chairman Sagar Bhanushali, alleging he hired contract killers to eliminate Managing Director Mohansingh Parmar over a ₹32 crore financial dispute

Expect govt to also undertake minority stake sale in bank this year

HDFC Mutual Fund has bought 9.37 lakh shares of multi-speciality hospital chain operator Jupiter Life Line Hospitals for Rs 139 crore through open market transactions, according to block deal on the BSE. Following the transaction, shares of Jupiter Life Line Hospitals on Thursday rose 2.53 per cent to trade at Rs 1,537.60 apiece on the exchange. HDFC Mutual Fund purchased 9.37 lakh equity shares in two tranches, representing a 1.43 per cent stake in Mumbai-based Jupiter Life Line Hospitals Ltd (JLHL), as per the data. The transaction was executed on Wednesday at an average price of Rs 1,483.50 apiece, taking the combined deal value to Rs 139 crore. Meanwhile, two public shareholders of JLHL -- Arvind Rao Kamini and Mitul Nitin Thakker -- sold an equal number of shares at the same price, according to BSE data. In a separate bulk deal on the BSE, Nippon India Mutual Fund (MF) bought 5 lakh shares of logistics company TCI Express from HDFC MF for over Rs 28 crore through open market

The government has received revised financial bids for the strategic sale of IDBI Bank from Fairfax Financial Holdings and Emirates NBD, sources said on Tuesday. A final decision on the successful bidder will be taken once the financial bids are opened, which is likely very soon, sources added. According to sources, both the bidders have experience in the Indian banking sector, with Dubai-based Emirates NDB acquiring RBL Bank earlier this year and billionaire investor Prem Watsa-backed Fairfax Financial already holding a 40 per cent stake in the private-sector CSB Bank. Both the bidders already have security clearance from the Ministry of Home Affairs (MHA) and 'Fit and Proper' assessment from the RBI. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came on February 6. However, the financial bids from Fairfax Financial Holdings and Emirates NBD were below the reserve pr

Mylan, part of global healthcare company Viatris, plans to sell up to 92 million shares in Biocon through a secondary offering valued at as much as Rs 34.81 billion

The proposed minority stake sale could pave the way for the US firm's entry into India's water-tech sector and strengthen innovation in precision irrigation and agtech

The government will sell up to 5 per cent stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale beginning Tuesday. The "government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per cent as the green-shoe option in case of over subscription," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026. The floor price of Rs 1,400 per share is at a 7 per cent discount over Monday's closing price on BSE. Shares of Cochin Shipyard closed at Rs 1,504.75, down 1.25 per cent over the previous close on BSE on Monday. The government currently holds a 67.91 per cent stake in CSL. So far in the current fiscal, the government has sold stake via OFS in six public sector entities -- Central Bank of India, Coal India, NHPC,