Share Sales

Govt's share sale in BHEL oversubscribed; institutions bid tops ₹5,650 cr

The government's stake sale in BHEL was over-subscribed two times on the first day on Wednesday, with institutional investors placing bids worth over Rs 5,650 crore. Institutional investors put in bids for over 22.07 crore shares at an indicative price of Rs 256.07 a share, as against over 9.40 crore shares on offer. The base issue size was over-subscribed 2 times, with bids worth Rs 5,650 crore coming in. The government is disinvesting 3 per cent equity in BHEL with an additional 2 per cent as a green-shoe option at a floor price of Rs 254 in the two-day offer for sale. Retail investors will be able to place a price bid on Thursday. The base issue size comprises over 10.44 crore shares, or 3 per cent stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2 per cent. The sale of total 17.41 crore shares, or 5 per cent stake, would fetch the government Rs 4,422 crore. The government holds 63.17 per cent in BHEL. Shares of BHEL touched a low of Rs 258.60 in ...

Anta Sports snares 29% stake in Puma for $1.8 bn, becomes top shareholder

The stake sale comes as the German firm seeks to revive its fortunes after it lost ground to Nike and Adidas and also faces competition from fast-growing brands like New Balance and Hoka

SpaceX to offer insider shares at record-setting valuation of up to $800 bn

The latest figure would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion

Swiggy plans $10,000 cr share sale next week, three banks shortlisted

Swiggy's board approved plans on Nov. 7 to raise up to ₹10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval

Avendus Spark under scrutiny after error in Clean Science share sale

Clean Science shares fell as much as 9.3 per cent but pared their losses to close 2.7 per cent lower in Mumbai

SpaceX eyes share sale deals, valuation likely to hit around $400 billion

This would mark the largest-ever valuation for a privately held US company, surpassing SpaceX's previous record of $350 billion from its share buyback in December

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr

Easy Trip Planners promoter and co-founder Nishant Pitti on Tuesday divested a 1.4 per cent stake in the company for Rs 78 crore through an open market transaction. Ease Trip Planners Ltd is the parent firm of online travel company EaseMyTrip. According to the bulk deal data available on the National Stock Exchange (NSE), Nishant Pitti offloaded 4.99 crore shares or 1.41 per cent stake in Easy Trip Planners. The shares were disposed of at an average price of Rs 15.68 apiece, taking the transaction value to Rs 78.32 crore. After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97 per cent from 50.38 per cent. Meanwhile, Arunaben Sanjaykumar Bhatiya picked up 2.40 crore shares of Easy Trip Planners at an average price of Rs 15.86 per piece. This took the deal value to Rs 38.06 crore. Details of the other buyers of Easy Trip Planners' shares coul

India, Australia brighten share sales' prospects for 2025 in Asia Pacific

The Indian exchange accounted for 16.8 per cent of global market share for IPOs, outranking the New York Stock Exchange and Nasdaq, the data showed

Cipla promoters may sell 1.72% stake worth Rs 2,000 crore via block deal

The floor price for the Cipla share sale has been set at Rs 1,442 per share, reflecting a 6 per cent discount to the current market price

NTPC Green, Waaree Energies: Rs 1.17 trn worth shares to exit IPO lock-in

IPO lock-in exit wave: NTPC Green, Waaree Energies, Hyundai Motor India, among 50 companies whose shares will go through the IPO lock-in exit period; check the full list here

Sudarshan Chemical Industries promoters sell 3% stake for Rs 197 crore

Pradeep Ramwilas Rathi and Subhadra Pradeep Rathi, the two promoters of Sudarshan Chemical Industries, on Wednesday sold a 3 per cent stake in the company for Rs 197 crore through open market transactions. According to the bulk deal data on the BSE, Pradeep Ramwilas Rathi offloaded 7.6 lakh shares of Sudarshan Chemical Industries, while Subhadra Pradeep Rathi sold 20.75 lakh shares. The shares were sold in the price range of Rs 950.04-950 apiece, taking the combined deal value to Rs 197.15 crore. Pursuant to the latest transaction, Subhadra Pradeep Rathi exited the firm by selling entire 1.9 per cent stake in Sudarshan Chemical Industries, while the holding of Pradeep Ramwilas Rathi has declined to 4.95 per cent from 6.05 per cent in the firm. Meanwhile, Boon Investment and Trading Co, Jovial Investment and Trading Co and Blue Daimond Properties picked up 20.22 lakh shares or 2.92 per cent stake in the company. The shares were acquired at an average price of Rs 950 per piece, taki

Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS

Grid Equipments, the promoter of GE Vernova T&D India, on Monday said it will divest up to 8.38 per cent of its holding in the company through an offer for sale (OFS) mechanism. The proposed OFS will open on Tuesday and conclude on Wednesday. The sale will involve a base offer of 1.4 crore equity shares (5.47 per cent of paid-up equity) with an option to oversubscribe by an additional 74.51 lakh shares (a 2.91 per cent stake), collectively amounting to 2.14 crore shares, amounting to an 8.38 per cent with a face value of Rs 2 each. The seller has fixed a floor price of Rs 1,550 per share. The transaction will be executed through a separate trading window on the BSE and the NSE, the company said in a regulatory filing exchanges. On November 26, non-retail investors will have the opportunity to bid during trading hours, with the option to carry forward unallocated bids to the second day. Retail investors and eligible non-retail bidders can participate on November 27, with 10 per ...

SpaceX in talks to sell insider shares to boost valuation to around $255 bn

That would be a premium to the company's previous valuation of about $210 billion. It would also cement SpaceX's status as the most valuable private US company

Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share

The government will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price. The two-day OFS opens for institutional bidders on Wednesday and for retail investors on Thursday. "Offer for sale in Hindustan Zinc Limited (HZL) opens tomorrow (Wednesday) for non-retail investors. Retail investors can bid on Thursday, 7th November. Government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a post on X. The government is selling over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscription of similar amount. The floor price is at a discount of 9.7 per cent over Tuesday's closing price of Rs 559.45. Shares of HZL closed at Rs 559.45, up 2.99 per cent over previous close on the BSE.

Adani Enterprises raises $500 mn in primary equity to fund growth plans

Adani Enterprises Limited (AEL), the flagship firm of the conglomerate helmed by Gautam Adani, on Thursday said it has raised Rs 4,200 crore in share sale to large investors via a qualified institutional placement (QIP) issue to fund its future growth plans. The firm allocated 1.41 crore equity shares to qualified institutional buyers at an issue price of Rs 2,962 per equity share, it said in a statement. "The transaction was launched post-market hours on October 9, 2024 with a deal size of approximately Rs 4,200 crore (USD 500 million) and closed on October 15, 2024," it said. The QIP saw overwhelming demand, receiving bids of approximately 4.2x of the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds and insurance companies. A QIP is, at its core, a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Adani Enterprises had in January last year planned to raise Rs 20,000

US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek

Financial services company Capital Group on Tuesday divested a 1.7 per cent stake in IT firm Mastek for over Rs 148 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based Capital group through its arm SmallCap World Fund Inc offloaded 5.30 lakh shares, amounting to a 1.7 per cent stake in Mastek. The shares were sold at an average price of Rs 2,801.68 apiece, taking the deal value to Rs 148.49 crore. After the share sale, Capital group's holding in Mastek has come down to 6.24 per cent from 7.94 per cent. Meanwhile, Aalidhra Textool Engineers bought 2 lakh shares of the company at an average price of Rs 2,800.81 per piece. This took the deal value to Rs 56.01 crore. Details of the other buyers of Mastek's shares could not be ascertained. Shares of Mastek rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE.

Adani Enterprises raises $500 million via share sale to insurance, MF firms

Adani Enterprises in May approved raising up to $2 billion through modes including a so-called QIP method used by listed Indian companies to raise funds from large institutions

Adani's about $1.3 billion share sale likely to start next week: Report

Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7

Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market

Hydra Trading, a public shareholder of RBL Bank, on Monday sold a 1.24 per cent stake in the private sector lender for over Rs 152 crore through an open market transaction. According to block deal data available on the BSE, Hydra Trading Pvt Ltd offloaded 75.11 lakh shares or 1.24 per cent stake in RBL Bank. The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore. As of June quarter ending, Hydra Trading owned a 1.25 per cent holding in Mumbai-based RBL Bank. These shares were acquired by Cronus Merchandise LLP at the same price. Shares of RBL Bank fell 1.57 per cent to close at Rs 204.35 per piece on the BSE. In a separate transaction on the BSE, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for Rs 51 crore through an open market transaction. The shares were picked up at an average price of Rs 59.95 apiece, taking the aggregate transaction value to Rs 50.96 crore, as pe

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz