Page 19 - Stake Sale

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

Hapag-Lloyd to buy 40% stake in container terminal firm JM Baxi Ports

AT1 bond setback: Carlyle, Advent supportive, says YES Bank MD & CEO

The stock tanks 8.33% following Bombay HC order and weak Q3 showing

BoM Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale

State-owned bank may come out with qualified institutional placement of equity shares in the last quarter of FY23

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr

The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore

Paytm shares slip over 6% after Alibaba sells direct stake via block deal

However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company

Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

The transaction would be worth Rs 2,250 crore taking into account the stock movement today

Small, mid CPSEs likely to be on Centre's FY24 disinvestment list

Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March

Private-equity firm Carlyle Group buys majority stake in India's VLCC

VLCC founders Vandana Luthra and Mukesh Luthra will continue to hold a significant stake in the company, Carlyle said

Orient Cement up 21% in 2 days; firm clarifies on Adani stake purchase buzz

The BSE had sought clarification from Orient Cement on January 3, 2023, regarding reports stating that Adani Group was in talks to buy promoter stake In the company

Equitas SFB hits 52-week high, up 7% as RBI approves SBI MF stake buy plan

RBI gave approval to SBI Funds Management Limited (SBIFML) to acquire up to 9.99 per cent of the paid-up equity capital of the Bank through the schemes of SBI Mutual Fund (SBIMF).

Tata Consumer acquires 23% additional stake in South Africa-based Joekels

FMCG firm Tata Consumer Products Ltd (TCPL) on Thursday said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas) -- a step-down wholly-owned subsidiary of the company through Tata Consumer Products UK Group -- "has decided to purchase 23.3 per cent of the share capital of Joekels Tea Packers, Republic of South Africa from its Joint-Venture partners," said a regulatory filing. This is as per the terms of the share purchase agreement and the shareholders' agreement, finalised and executed, amongst TCP Overseas, Joekels and the JV Partners, it added. Over the cost of the acquisition of the stake, the Tata group FMCG arm said it is for a consideration value of Rs 43.65 crore plus the adjustment amount. As a result of the acquisition, the "holding of TCP Overseas in Joekels will increase from 51.7 per cent to 75 per cent" of the equity shar

S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr

Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions

Govt likely to sell 11% stake in IRFC by FY24 as part of disinvestment plan

Senior officials say govt plans to bring own shareholding down to 75%;

Dabur India promoters sell 1% stake through block deal to finance ventures

" The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange filing said

Tata in talks to buy majority stake in UTI AMC from 4 PSU finance entities

If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India

GMM Pfaudler falls over 18% on report of promoter selling bulk stake

Shares of GMM Pfaudler fell as much as 18.1%, their worst intraday percentage fall in nearly five years, after a report said that one of its promoters will sell the bulk of its stake

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

Auto component maker Shriram Pistons & Rings on Friday said its unit will acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space. SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake. The financial details of the deal were not disclosed. EMF Innovations (EMFI) is co-founded by engineering entrepreneurs with substantial R&D and operations in India and Singapore. Shriram Pistons & Rings (SPRL) Managing Director & CEO Krishnakumar Srinivasan said that with this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The alliance will also offer the potential for SPRL (through SEL) and EMFI to collaborate and partner to serve ...

IRCTC offer for sale oversubscribed, but stock declines more than 6%

Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years

Govt's share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr

The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share. The OFS consists of base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of similar amount. As much as 10 per cent of the issue is reserved for retail investors, for whom bidding would open on Friday. On Thursday, bids for over 5.55 crore shares, representing 3.08 times the base issue size of 1.80 crore shares were put in by institutional investors. Calculated on the basis of the floor price, the bids would be valued at about Rs 3,800 crore. Shares of IRCTC settled at Rs 689.20 apiece, down 6.19 per cent over the previous close on the BSE. During the day, the scrip touched

IRCTC dips 5% after government sets OFS floor price at steep discount

The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.