Page 15 - Stake Sale

Reliance nears multibillion-dollar deal to buy Disney's India operations

The US entertainment giant may sell a controlling stake in the Disney Star business, which it values at around $10 billion, as opposed to piecemeal transactions weighed earlier

Torrent lines up at least $5 billion funding to buy 33% stake in Cipla

Torrent has secured commitments from a group of overseas banks for a potential deal, the people said, asking not to be identified as the information is not public

Venture Highway gets 50x returns in secondary sale of stake in Meesho

Venture Highway, an early and long-term backer of Meesho, invested in the company's first seed round over eight years ago

Apple CEO Tim Cook gets $41 million from biggest share sale since 2021

Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. He made $355 million from a stock sale in August 2021

Apple CEO Tim Cook gets $41 million from biggest share sale since 2021

Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. He made $355 million from a stock sale in August 2021

TVS Logistics Parks sells 4.5% stake to Dutch firm for Rs 51 crore

TVS Industrial & Logistics Parks (TVS ILP), which recently went public through a Rs 880 crore IPO, on Friday sold 4.5 per cent stake for Rs 51 crore to London-based Lingotto Investment Management, owned by Dutch group Exor. As per the deal, which involves picking up a large minority stake later, the Chennai-based logistics player has an enterprise value of Rs 2,800 crore. The TVS statement said the deal was carried out through secondary sale of 4.5 per cent in TVS Supply Chain Solutions for Rs 51.3 crore and the Dutch firm will soon acquire a significant minority stake in TVS ILP. Exor is a holding company incorporated in the Netherlands and is controlled by the Agnelli family. TVS ILP, a part of TVS Mobility Group, is present in 15 cities with 20 million sq ft of warehousing space. The deal with Lingotto is another milestone in the successful journey of TVS ILP and the parent will continue to hold a significant minority stake at the logistics arm, TVS Supply Chain Solutions ...

TVS Supply Chain Solutions sells Circle Express for Rs 21.32 crore

TVS Supply Chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore). The move is designed to boost the company's profitability and sharpen its focus on core offerings to its customers, TVS Supply Chain Solutions said in a statement. In a regulatory filing, the company said the entire stake in Circle Express Ltd was sold to Winever Industrial Enterprises (UK) Ltd. "The sale of Circle Express is an important step as it found very little synergy with the core operations and represents an important step in our efforts to enhance our financial performance and sharpen our competitive edge," TVS Supply Chain Solutions Managing Director Ravi Viswanathan said. "We are confident that this sale will allow us to allocate resources more effectively and focus on driving sustainable growth and profitability, thereby increasing shareholder value," he said. By shedding th

CVC mulls controlling stake sale in Indian hospital chain HealthCare Global

The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

Asia Healthcare acquires majority stake in AINU, to invest Rs 600 cr

Asia Healthcare Holdings on Wednesday said it has acquired a majority stake in Asian Institute of Nephrology and Urology and will invest Rs 600 crore in the latter. The investment will be through a mix of primary and secondary infusion, Asia Healthcare Holdings (AHH) said in a statement. Asian Institute of Nephrology and Urology (AINU) is a speciality hospital network of urology and nephrology care present in four cities with a speciality in robotic urology surgery, it added. "This acquisition and AHH's foray into urology and nephrology segment marks its expansion into a fourth speciality...," the company said. AINU operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai, with more than 500 beds and over 4 lakh patients treated. It has also completed over 1,000 robotic urology surgeries, as per the statement. AHH Executive Chairman Vishal Bali said, "AINU not only adds a new speciality to the AHH platform but also strengthens our vision of scaling the single

Everstone Capital sells 25.3% stake in Burger King owner for Rs 1,494 crore

A promoter of Restaurant Brands Asia, which owns Burger King brand in India, on Friday divested a 25.3 per cent stake in the firm for Rs 1,494 crore through an open market transaction. Everstone Capital through its investment vehicle Qsr Asia Pte Ltd offloaded the shares of the Restaurant Brands Asia on the NSE and the latter is a part of Singapore-headquartered Everstone Group. Amal N Parikh, Tata Mutual Fund (MF), Quant MF, Plutus Wealth Management LLP, Franklin Singapore 3 Banken Asia Stock-Mix, Avendus Absolute Return Fund, ICICI Prudential Life Insurance, Goldman Sachs, TD Emerging Markets Fund and Societe Generale, among others were the buyers of the shares. According to the block deal data available with the NSE, Qsr Asia Pte sold 12,54,41,820 shares, amounting to a 25.3 per cent stake in Restaurant Brands Asia. The shares were disposed of at an average price of Rs 119.10 apiece, taking the transaction value to Rs 1,494 crore. After the transaction, Qsr Asia Pte's sharehold

Cipla founding family's stake sale in jeopardy over $13 bn valuation target

Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward

Lighthouse Advisors India sells 1.3% stake in Bikaji Foods for Rs 156 cr

Mumbai-based Lighthouse Advisors India on Tuesday divested a 1.3 per cent stake in Bikaji Foods International for nearly Rs 156 crore through an open market transaction. Lighthouse Advisors through its investment vehicle Lighthouse India Fund III sold the shares of Bikaner-based Bikaji Foods. According to the bulk deal data available with the BSE, Lighthouse India Fund III offloaded 32,42,070 shares, or a 1.3 per cent stake, in Bikaji. The shares were disposed of at an average price of Rs 480 apiece, taking the aggregate transaction value to Rs 155.62 crore. After the transaction, Lighthouse India Fund III's shareholding has declined to 1.4 per cent from 2.7 per cent, shareholding data with the BSE showed. Meanwhile, Plutus Wealth Management LLP acquired 13.5 lakh shares of Bikaji Foods International, while details of other buyers could not be identified. Shares of Bikaji Foods International jumped 6.12 per cent to close at Rs 511.70 apiece on the BSE. In a separate bulk deal on

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

Investment company Verlinvest Asia Pte Ltd on Thursday divested a 12.56 per cent stake in wine producer Sula Vineyards for Rs 513 crore through an open market transaction. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards. The shares were sold at Rs 484.13 per piece, taking the transaction size to Rs 513.17 crore. After the transaction, Verlinvest Asia Pte Ltd's shareholding fell to 6.08 per cent from 18.64 per cent stake, shareholding data showed with the exchange. Meanwhile, HDFC Mutual Fund, Ghisallo Master Fund LP, Morgan Stanley Asia Singapore Pte, Societe Generale acquired a total of 59.58 lakh shares of Sula Vineyards at Rs 484 per piece. This took the deal value to Rs 288.39 crore.

APL Apollo Tubes slips 3% on heavy volume amid promoter stake sale buzz

According to reports, the promoter was to sell stake close to 1 per cent stake via block deals.

University of Notre Dame sells 3% stake; Vishnu Prakash IPO subscribed 88x

The company was looking to issue Rs 309 crore in fresh capital through the IPO

Stake sale, IPO plans for retail units in focus for Ambani's AGM speech

His once-a-year speech to investors - similar to Warren Buffett's annual letters to Berkshire Hathaway shareholders - has over time evolved into an highly anticipated pageant

Antfin likely to sell over 3% stake in Paytm via block deal on August 25

Deal is said to be valued at around $234 million

Quinag exits Manappuram Finance, sells entire stake for Rs 1,177 crore

Foreign fund house Quinag Acquisition on Thursday offloaded its entire stake in Manappuram Finance for Rs 1,177 crore through an open market transaction. According to the bulk deal data available with the BSE, Quinag Acquisition (FPI) disposed of 8,37,85,880 shares amounting to a 9.90 per cent stake in Manappuram Finance. The shares were offloaded at an average price of Rs 140.50 apiece, taking the transaction value to Rs 1,177.19 crore. At the end of June quarter, Quinag owned more than 8.37 crore shares which is equivalent to 9.90 per cent stake in the company, as per the shareholding data available with the BSE. Meanwhile, Bofa Securities Europe SA acquired 62.60 lakh shares and Chartered Finance and Leasi NG bought 50 lakh shares of Manappuram Finance. Shares of Manappuram Finance fell 2.64 per cent to close at Rs 142.25 apiece on the BSE. In a separate open market transaction on the BSE, promoter entity Sapphire Foods Mauritius pared a 2.5 per cent stake in restaurant operat

Paytm shareholder Antfin to sell 3.6% stake via block deal: Report

The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees

Subway nears $9.6 billion sale to Arby's owner Roark Capital: Report

A deal could be finalized this week, the report said, citing people familiar with the matter