Stake Sale

ADIA arm plans ₹1,944 crore block deal to trim 2.3% stake in Lenskart

Platinum Jasmine A 2018 Trust aims to sell up to 40 million shares at a 2.8 per cent discount to Wednesday's closing price.

Co-founders of Policybazaar parent PB Fintech sell 0.82% stake for ₹665 cr

These investors bought a total of 38 lakh equity shares, representing a 0.82 per cent stake in PB Fintech, at an average price of ₹1,751 apiece

Policybazaar parent PB Fintech promoters plan stake sale worth ₹654 crore

PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal

Govt to offload up to 8% stake in Central Bank of India through OFS

The government will begin an offer for sale in the Central Bank of India on Friday, with a base offer of 4 per cent stake and an additional 4 per cent green shoe option

Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore

Another ₹700 crore payable if certain conditions met; Prudential to reduce stake in ICICI Pru Life Insurance

Vodafone weighs stake transfer to shore up Voda Idea's capital base

The UK telecom company, which owns 19% of Mumbai-listed Vodafone Idea Ltd., is considering transferring part of its shareholding to the Indian company to hold in treasury

FMCG firm Emami to acquire remaining 73.5% stake in Axiom Ayurveda

Emami will acquire full control of Axiom Ayurveda in a phased deal exceeding Rs 300 crore, strengthening its presence in health, wellness and the fast-growing beverage segment

Magnum Ice Cream Company completes 61.9% stake buy in Kwality Wall's

TMICC completes acquisition of majority stake in Kwality Wall's India from Unilever, with mandatory tender offer underway and listing to continue on Indian bourses

Kotak Mahindra Capital divests nearly 31% stake in Infina Finance

The transaction involves the sale of a cumulative 30.99 per cent stake in Infina, an associate company of the bank, to multiple investors, the bank said in a regulatory filing

Swan Defence drops after OFS concludes

Swan Defence shares hit lower circuit after promoter Hazel Infra's discounted OFS, even as subscription demand stayed firm across investor categories

IDBI Bank shares plunge 16.5% amid reports govt may scrap stake sale

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

Bandhan Bank shares slide 7.5% on reports of promoter exit options

Shares fall sharply after reports that promoter Bandhan Financial Services is exploring options including a stake sale or IPO to facilitate exits for long-term investors

Ola Electric plans stake sale to raise up to ₹2,000 crore for battery arm

Ola Electric has kicked off a plan to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), according to the sources. OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. Investment bank Avendus and Motilal Oswal are mandated to run the fundraising process, sources said. The development comes amid Ola Electric's efforts to restructure operations and shore up its balance sheet as it works towards its business turnaround. The stake dilution plans will also determine the market valuation of a crucial battery infrastructure asset that has not yet been ascertained, sources said, adding that the asset's unique nature has attracted inbound interest from financial investors, including some leading sovereign wealth funds. The gigafactory, with an upfront investment of Rs 3,500 crore, marks a significant step toward localising battery cel

Motilal Oswal buys 1.65% stake in Zelio E-Mobility for ₹9.8 crore

Motilal Oswal Financial Services has purchased a 1.65 per cent stake in Zelio E-Mobility through a Rs 9.8 crore block deal, boosting institutional interest in the newly listed EV maker

IIFL Finance hires EY for due diligence on potential Samasta stake sale

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

MNCs, Indian drugmakers diverge to mutual gain: How win-win is it?

Novartis exits India's mass-market generics, signalling a deeper split between MNC innovation bets and domestic pharma scale

Reliance Enterprise Intelligence ceases to be wholly owned arm of RIL

Reliance Enterprise Intelligence is no longer a wholly owned step-down subsidiary of RIL after issuing shares to a Meta unit, which now holds 30% of its equity

IRFC OFS sees weak institutional demand; bids hover near floor price

Government's 4% IRFC stake sale drew muted interest from institutional investors, with only 85% subscription at the base level and bids clustering near the ₹104 floor price

Novartis to sell majority stake in India unit in ₹1,446 crore deal

The consortium will offer ​Novartis India's ‌public shareholders ₹860.64 per share, ‌an exchange filing showed, representing a 3.6 per cent ‌premium to ​its closing ​price on Thursday

MUFG will not need RBI approval to acquire 20% in Shriram Finance

Shriram Finance says RBI has confirmed Japan's MUFG Bank does not require prior approval for proposed 20% stake acquisition