Stake Sale

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

USV to acquire 79% stake in Wellbeing Nutrition at ₹1,583 cr valuation

USV, a pharmaceutical and biotechnology company, will acquire a 79 per cent stake in Wellbeing Nutrition at a valuation of Rs 1,583 crore. USV has signed a definitive agreement to acquire a 79 per cent equity stake in Nutritionalab Pvt Ltd, which owns "Wellbeing Nutrition", according to a joint statement. This includes 35 per cent from the founder Avnish Chhabria and 44 per cent from existing shareholders. Its investors -- Early backers Fireside Ventures and Hindustan Unilever -- will divest their collective 40 per cent stake. This Rs 1,583 crores all-cash transaction represents the largest exit in India's health and wellness startup space to date, it added. This strategic expansion of USV, a leading player in diabetes and cardiac care, into consumer wellness is aligned with its expansion across the healthcare continuum. "The addition of Wellbeing Nutrition reinforces USV's evolution into a comprehensive healthcare powerhouse spanning both therapeutic excellence and consumer ...

Money comes to the movies: Fresh bets on film and OTT firms are good news

Bhansali Productions will sell all its future film music exclusively to Saregama, giving it steady pipeline of premium music

Marico signs deal to buy majority stake in Cosmix Wellness for ₹225.67 cr

Marico has signed definitive agreements to acquire a majority stake in digital-first wellness brand Cosmix Wellness, valuing the company at ₹375 crore and strengthening its health portfolio

Promoters of Pramerica Life Insurance look to sell their major stake

Promoters of Pramerica Life Insurance are in talks with multiple insurers to sell their entire stake, amid losses and constraints on fresh capital infusion

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

General Atlantic to acquire 7% stake in Balaji Wafers for over ₹2,000 crore

Global private equity major General Atlantic is planning to acquire a minority stake in Balaji Wafers, a move that will strengthen key corporate functions across the Gujarat-based packaged snack company. The industry insider said the leading global investor is picking up a 7 per cent stake in Balaji Wafers for over Rs 2,000 crore, valuing the company at around Rs 35,000 crore. Balaji Wafers has entered into a "definitive agreement" with General Atlantic for a strategic investment, according to a joint statement. With General Atlantic's investment, Balaji Wafers will focus on further strengthening key corporate functions across the company and accelerating innovation. Drawing on General Atlantic's global expertise in the food and consumer sectors, the company plans to accelerate its expansion across India, the statement added. "General Atlantic's investment will support our efforts to establish and operate world-class facilities, invest in innovation and build a professional team to

Offer for sale-heavy market listings unlock fresh money for luxury realty

Founders, Esop holders emerge as a younger cohort of high-end buyers

Everstone Capital to exit Burger King India parent Restaurant Brands Asia

QSR Asia exits Restaurant Brands Asia, selling 11.26% stake to Inspira Global; Rs 1,960 crore infusion planned via equity and warrants

Aditya Birla Fashion drops over 8%, hits 4-year low after large trades

Aditya Birla Fashion and Retail share price slumped 8.5 per cent to ₹65.78, the lowest level since May 11, 2021, on the National Stock Exchange (NSE)

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