Share Sales

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle co-founder Larry Ellison cancelled a plan to sell up to 50 million shares worth about $7.5 billion, saying no shares were sold under the plan

Former Tata Technologies CEO McGoldrick sells shares worth ₹165 crore

Patrick McGoldrick sold 2.1 million shares, or a 0.51 per cent stake, in Tata Technologies through block deals on the BSE, reducing his holding to 0.62 per cent

Italian market regulator clears Tata Motors' tender offer for Iveco shares

TML CV Holdings will offer €14.10 per Iveco share, with the initial acceptance period running from September 7 to October 26 and payment scheduled for October 30

Adani Energy may launch another institutional share sale next fiscal

Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches

Ather Energy planning to raise $200 million via institutional share sale

EV two-wheeler maker may launch a qualified institutional placement as early as next week to fund capacity expansion, retail growth and new product development

$6 bn share sale wave in India signals deals perking up after slow start

About a dozen companies are expected to collectively raise more than ₹60,000 crore ($6.3 billion) across initial public offerings, institutional placements and government stake sales in two months

Peak XV sells stake in Go Digit to JP Morgan, Aditya Birla MF for ₹100 cr

JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 33.3 lakh shares of Go Digit General Insurance from Peak XV Partners for Rs 100 crore through open market transactions. Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to Rs 318 apiece on the National Stock Exchange (NSE). US-based JP Morgan through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. The shares were acquired at an average price of Rs 300 apiece, taking the combined deal value to Rs 100 crore. Meanwhile, venture capital firm Peak XV Partners through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. The stake sale comes after Peak XV Partners fully exi

Waaree Energies planning to hire banks for $700 million share sale

Waaree Energies has selected Motilal Oswal Investment Advisors Ltd., JPMorgan Chase & Co., Nuvama Wealth Management Ltd., and Nomura Holdings Inc. to manage the offering

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 ...