Tuesday, January 13, 2026 | 05:25 PM ISTहिंदी में पढें

Stake Sale

RedTape founders look to sell majority stake, approach Blackstone, KKR

EY has reached out to private equity firms Blackstone and KKR and Co to explore potential offers for the family's stake, said two of the three sources

Updated On : 13 Jan 2026 | 4:48 PM IST

Universal Music India to acquire minority stake in Excel Entertainment

Under the terms of the agreement, Universal Music will gain global distribution rights for all future original soundtracks created for projects owned or controlled by Excel

Updated On : 05 Jan 2026 | 2:35 PM IST

Arvind Fashions to acquire 31.25% stake of Flipkart in Arvind Youth Brands

Arvind Fashions Ltd on Monday said it will acquire Flipkart group's 31.25 per cent stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore. Arvind Youth Brands Pvt Ltd (AYBPL) is currently engaged in the business of wholesale and retail of apparel and accessories under the brand name 'Flying Machine'. It had a turnover of Rs 432.16 crore in the financial year ended March 31, 2025, the company said in a regulatory filing. Over the last five years Flying machine has re-established as a well-accepted brand on digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brands on digital platforms, catering to the fashion-conscious youth of India, it said in a separate filing. "Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals," Arvind Fashions Ltd (AFL) Managing Director & CEO ...

Updated On : 29 Dec 2025 | 1:57 PM IST

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

Updated On : 23 Dec 2025 | 3:14 PM IST

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

Updated On : 19 Dec 2025 | 10:49 PM IST

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

Updated On : 17 Dec 2025 | 11:00 PM IST

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

Updated On : 17 Dec 2025 | 10:16 PM IST

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

Updated On : 16 Dec 2025 | 9:53 PM IST

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

Updated On : 16 Dec 2025 | 9:38 AM IST

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

Updated On : 12 Dec 2025 | 10:00 AM IST

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

Updated On : 11 Dec 2025 | 10:55 PM IST

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, ...