Page 16 - Stake Sale

HDFC AMC, UTI AMC: Charts suggest up to 15% rally in select AMC shares

Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%

Carlyle to sell its entire 2.53% stake in logistics firm Delhivery

Carlyle plans to sell Delhivery's 1.84 crore shares at a floor price of Rs 385.50 apiece

After TPG, Piramal to sell its entire 8.34% stake in Shriram Finance

About 3.1 crore shares worth Rs 4,832 crore have been offered by the company to institutional investors

Aurionpro up 5% as board approves preferential issue to Malabar India Fund

The board approved allotment of 255,000 equity shares and 425,000 warrants to Malabar India Fund and 45,000 equity shares and 75,000 warrants to Malabar Midcap Fund.

Timken India cracks 11% after almost 16% equity change hands on BSE, NSE

The counter had seen combined traded volume of around 12 million shares in the first hour of trading amid reports of parent company to offload stake.

HDFC Ltd inks pact with BPEA EQT-led consortium for 90% stake sale

Mortgage lender HDFC Ltd informed the bourses that it has executed definitive documents for the proposed disinvestment or sale of approximately 90 per cent stake in its education loan subsidiary

abrdn to sell its entire 10.2% stake in HDFC AMC through block deal

Price band set between Rs 1,800 and Rs 1,892 for Tuesday's block deals

Timken Singapore proposes to sell 8.4% stake in Indian unit for $231 mn

HONG KONG (Reuters) - The Singapore-based parent of Timken India has proposed to sell an 8.4% stake in the Indian bearings and power transmission products maker for up to $231 million on June 20, according to the term sheet of the deal, seen by Reuters.

Coal India OFS for employees to open on June 21; Govt to sell 9.2 mn shares

The government will sell up to 92.44 lakh shares or 0.15 per cent stake in Coal India to its employees at a price of Rs 226.10 a share. "The employee OFS (Offer for Sale) shall remain open from June 21, 2023 to June 23, 2023," Coal India said in a stock exchange filing. Under the share sale offer, 92,44,092 equity shares (representing 0.15 per cent of the total paid up equity share capital of the company) would be offered to eligible CIL employees at a price of Rs 226.10 per equity share. The share sale would fetch around Rs 20,000 crore to the government. Shares of Coal India settled at Rs 227.30 apiece, down 0.48 per cent over the previous close on the BSE. The employee OFS follows the secondary market share sale in Coal India by the government earlier this month. The government had mopped up Rs 4,185 crore through 3 per cent stake sale to institutional and retail investors in state-owned Coal India at a floor price of Rs 225 apiece. The holding of the government has come down

TPG sells stake in Shriram Finance for Rs 1,400 cr, Piramal to follow suit

Shriram Finance last year became India's largest non-bank lender after merger of units

CDPQ divests 0.89% stake in Piramal Pharma via open market transaction

CDPQ on Friday divested a 0.89 per cent stake in Piramal Pharma Ltd for Rs 100 crore through an open market transaction. Caisse De Depot Et Placement Du Quebec (CDPQ) is a global investment group. According to the bulk deal data available with the National Stock Exchange (NSE), CDPQ offloaded a total of 1,05,70,466 shares, amounting to a 0.89 per cent stake in Piramal Pharma. The shares were sold at an average price of Rs 94.48 apiece, taking the transaction size to Rs 99.86 crore. Post the latest transaction, CDPQ's shareholding has been reduced to 4.64 per cent from 5.53 per cent at March-end. Meanwhile, Vanguard Group acquired more than 62 lakh shares of Piramal Pharma at an average price of Rs 94.71 per share, while other buyer(s) identity is not known. Shares of Piramal Pharma went up 3.04 per cent to close at Rs 94.95 per piece on the NSE. In a separate bulk deal, SmallCap World Fund Inc offloaded more than 7 lakh shares of Aavas Financiers for nearly Rs 96 crore through a

Highdell Investment sells 6.2% stake in Kalyan Jewellers for Rs 725 cr

Highdell Investment, owned by US-based private equity major Warburg Pincus, on Friday divested a 6.2 per cent stake in Kalyan Jewellers India Ltd for Rs 725 crore through an open market transaction. Franklin Templeton Mutual Fund (MF), Sundaram MF, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, and Employees Provident Fund, among others, were the buyers of the shares of Kalyan Jewellers. Following the deal, shares of Kalyan Jewellers zoomed 17.16 per cent to close at Rs 133.80 per piece on the National Stock Exchange (NSE). According to the block deal data available with the NSE, Highdell Investment sold a total of 6,41,02,561 shares, amounting to a 6.2 per cent stake in the jeweller chain company. The shares were disposed of at an average price of Rs 113.10 apiece, taking the transaction size to Rs 724.99 crore, as per the data. Post the latest transaction, Highdell's shareholding has been reduced to 17.6 per cent from 23.82 per cent stake at the end of March. In Mar

Isuzu may sell 44% stake in India unit as it exits low-profit businesses

Japanese firm, whose stake is valued at Rs 734 cr, is talking to several potential investors including JBM Auto, a media report said on Friday

JBM Auto top contender for controlling stake in SML Isuzu: Report

JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added

SoftBank looking to book profits by selling shares in Zomato, Paytm: Report

The shares will be sold in small tranches in the open market and not through block deals

Bain Capital sells 0.7% stake in Axis Bank via open market transactions

US-based private equity major Bain Capital on Thursday offloaded a 0.7 per cent stake in private sector lender Axis Bank for Rs 2,178 crore through open market transactions. Bain Capital through its affiliates -- BC Asia Investments III, BC Asia Investments VII and Integral Investments South Asia IV -- sold the shares of Axis Bank in three tranches. Bajaj Allianz Life Insurance Company, ICICI Prudential Mutual Fund, Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, Societe Generale, the Sultanate of Oman Ministry of Defence Pension Fund, Bay Pond Partners LP, and among others were the buyers of the shares. BC Asia Investments III, BC Asia Investments VII and Integral Investments South Asia IV offloaded a total of 2,25,00,001 shares, amounting to a 0.7 per cent stake in Axis Bank, as per the block deal data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 968 apiece, taking the combined transaction value to Rs 2,178 ...

US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report

The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added

Peak XV Partners received 15x return on its investment in Go Fashion

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Gangwal family may sell up to 8% stake in Indigo via block deals by July

The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore

IndiGo co-founder's family likely to sell stake worth up to $909 mn: Report

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline's parent InterGlobe Aviation Ltd, CNBC Awaaz said in a report, citing sources.