Page 19 - Stake Sale

Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore

PE major's holding in the Thrissur-based gold retailer falls to 24.06% from 26.36%; Shares of Kalyan Jewellers dip 9.1% to end at Rs 107.9 on the NSE

Vedanta denies talks of stake sale, calls them 'untrue', 'baseless'

Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as "untrue and baseless." This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating a stake sale in Vedanta as a last-resort option and is examining the possibility of selling less than 5 per cent of the company. According to company's spokesperson, "Any talk of stake sale in Vedanta Ltd is untrue and baseless." The media report said that stake sale in Vedanta is a last resort for Agarwal and will only be considered if other fundraising options fail. Vedanta Resources which is a majority shareholder of Vedanta Ltd has been looking to reduce its debt through the sale of its zinc assets for a cash consideration of USD 2,981 million to Hindustan Zinc Ltd (HZL). However, the government which holds 29.54 per cent stake in Hindustan Zinc has sternly opposed this move. Vedanta holds 64.92 per cent of the equity share capital of HZL. Vedanta Resources had earlier said t

Anil Agarwal weighing Vedanta stake sale as last resort, says report

Agarwal is evaluating the possibility of divesting a less than 5% stake in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

Nazara arm Sportskeeda pays $1.8 mn for 73.27% stake in NFL-focused US firm

It's an all-cash deal; company is eyeing multiple acquisitions in the near future to further boost its position in the sports media landscape

GQG Partners trims its stake in HDFC AMC from 5.33% to 2.76%

Shares of HDFC AMC last closed at Rs 1,677. The stock is down 13 per cent in the past six months. GQG was recently in news for its $1.9 billion share purchase of four Adani group stocks

US demands TikTok owner ByteDance sell stakes or face ban: Report

TikTok's owners may retain some form of ownership but through a passive structure

Shriram Finance looking to sell 15% stake in housing finance arm: Report

Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia

Kedaara buys majority stake in Oliva Skin & Hair Clinic for $65 million

Oliva Skin & Hair Clinic, which is a medico-aesthetic dermatology services player, has said it has sold majority stake to Kedaara Capital for a consideration of USD 65 million (around Rs 530 crore). With its third investment in the single speciality healthcare segment, Kedaara aims to fuel Oliva's growth towards becoming a leading medico-aesthetic dermatology chain, a statement said. The transaction also provides an exit to InvAscent, which invested in the company in 2014, it said, without disclosing the details such how much was invested and for what stake. Nor the company disclosed what is the stake that Kedaara has picked up. Founded by Prashant Soma in 2009, Oliva has been supported by multiple rounds of funding from InvAscent-advised India Life Sciences Fund II. Oliva grew from a four-centre Hyderabad-based operation to a network of 23 centres across Bengaluru, Chennai, Pune, Kolkata, Kochi and Vizag now and offers a range of skin and hair treatments and products. Kedaara is

Top headlines: Reliance ups ante with Campa, Adani to sell stake in Ambuja

Business Standard brings you the latest headlines at this hour

Manipal Health Enterprises set to buy AMRI Hospitals for Rs 2.3K crore

Temasek will buy controlling stake in Manipal at $4-billion valuation

Cholamandalam Investment, Aptus deny talks for merger after media reports

Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

DOMS buys 30% stake in Delhi-based toy maker Clap Joy for undisclosed sum

The move is part of the acquirer's strategy to expand into newer related-product segments and leverage its global distribution reach

Who is Rajiv Jain, and how he built his $92 billion empire at GQG Partners

Jain's career as a portfolio manager started in 1994 when he joined Vontobel Asset Management

Adani promoters sell stakes worth Rs 15,446 crore to GQG Partners

The promoters plan to use the proceeds to retire debt and for other corporate purposes

Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece

Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr

Delhivery had come out with a Rs 5,235 crore IPO in May 2022

Tata Group's talks over $1 billion Bisleri stake stall over valuation

The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people said

Temasek in talks to buy stake in India's Cloudnine hospital chain: Report

Singaporean sovereign fund Temasek Holdings is in advanced talks to buy a minority stake in Cloudnine Hospitals, valuing the Indian hospital chain at Rs 30 billion ($362.7 million)