Stake Sale

Pakistan's national airline PIA is up for sale: Who are the 3 bidders?

To attract more investors, the government reduced PIA's debt, removed sales tax on new aircraft, and offered protection from select taxes and legal issues to revive interest in the sale

Piramal Finance to sell 14.72% stake in Shriram Life for ₹600 crore

The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of requisite regulatory approvals

Govt to use green-shoe option to divest 3% stake in Indian Overseas Bank

The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share. "Offer for Sale in Indian Overseas Bank received good response from non-retail investors today. "Against about 34.66 cr shares on offer, demand was received for more than 41 cr shares. Government has decided to exercise the green shoe option. Retail investors get to bid tomorrow 18th December 2025," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. The government proposed to sell up to 38.51 crore (38,51,31,796) shares or 2 per cent base offer size with an option to additionally sell 19.25 crore (19,25,65,898) shares, representing 1 per cent of the total issued and

Bhavish Aggarwal offloads another block of Ola Electric shares for ₹142 cr

For the second day in a row, the Ola Electric founder offloaded a block of shares, this time worth ₹142.3 crore through open market deals as part of a monetisation plan to repay a promoter-level loan

Centre to sell up to 3% stake in Indian Overseas Bank, eyes ₹2,100 crore

The Centre will sell a base tranche of 2 per cent, or about 385.1 million shares, with an option to offload an additional 1 per cent, or 192.5 million shares, through a green shoe option

HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank

The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue

Fairfax leads race to acquire majority stake in IDBI Bank from govt, LIC

Fairfax has moved ahead in the race to buy a majority stake in IDBI Bank, with Kotak Mahindra Bank still in the fray as the government and LIC prepare to finalise bids for the lender's sale

Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO

The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest

ICICI Bank to maintain over 51% stake in all 3 of its listed entities: ED

The country's second largest private sector lender ICICI Bank is aiming to maintain over 51 per cent stake in all three of its listed entities, a senior official said on Monday. Its Executive Director Sandeep Batra said the bank is also committed to maintaining over 51 per cent stake in the IPO-bound ICICI Prudential Asset Management Company, and hence, it is upping stake by 2 percentage points before the entity hits the markets. "We are committed to ensuring all our three listed entities remain our subsidiaries. So, our stake will remain at over 51 per cent," Batra told reporters at a press conference here. The mutual fund arm's Managing Director and Chief Executive Nimesh Shah said that ICICI Bank will pick up the additional 2 per cent stake for the same price as the one which will be paid by other investors as part of its initial public offering. Shah added that at present, the ICICI Bank ownership in the company is 51 per cent, which will go up to 53 per cent post the IPO, ...

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

Bharti Airtel promoters to sell 0.56% stake to raise up to ₹7,200 crore

Sale to be third instance of sale by promoter entity ICIL within 2025

TotalEnergies likely to sell 6% stake in Adani Green for ₹10,200 crore

The French company had acquired a 19.75 per cent stake in AGEL in January 2021 for around $2.5 billion as part of its strategy to strengthen its renewable energy footprint in India

Promoter sell-downs cross the 1% mark at more companies, shows data

Trend strengthens for second straight quarter

IHCL to acquire 51% stake in wellness brand Atmantan for ₹240 crore

The transaction will entail a primary investment of Rs 205 crore and a secondary share purchase of Rs 35 crore

JSW Steel likely to sell 50% stake in Bhushan Power & Steel to Japan's JFE

The stake sale could help scale Bhushan Power & Steel's capacity to 10 million tonnes and strengthen JSW's partnership with Japan's JFE while keeping debt in check

M&M to sell entire 3.45% stake in RBL Bank via ₹682-cr block deal

The automaker's full exit from RBL Bank via a Rs 682 crore block deal brings a 64 per cent return on its year-old investment

SBI Q2 net profit rises 10% to ₹20,160 crore on Yes Bank stake sale

State Bank of India reported a strong second-quarter performance, driven by gains from the Yes Bank stake sale, and raised its FY26 credit growth guidance to 12-14% amid steady asset quality

RBI denies approval for Dia Vikas Capital's 5% stake purchase in ESAF SFB

The central bank has refused approval for Dia Vikas Capital's proposed 5% stake purchase, prompting ESAF SFB's board to review its promoter scheme and next steps

Goldman Sachs nears $1 bn deal to buy majority stake in Excel Sports

Founded by Jeff Schwartz, Excel Sports Management is a sports talent agency representing Tiger Woods, Derek Jeter, and Caitlin Clark that is reportedly valued at nearly $1 billion

Kedaara Capital, General Atlantic eye 6-7% slice of Balaji Wafers

The Virani brothers - Chandubhai, Bhikhubhai, and Kanubhai - who founded and control the company, are considering a partial stake sale to fund expansion across India