Page 2 - Stake Sale

RBL Bank eyes wealth management after Emirates NBD acquires 60% stake

The deal is the latest in a series of cross-border deals in India this year as India seeks to attract foreign investment and strengthen the country's midsize banks

SMBC rules out plans to raise stake in Yes Bank beyond current level

In August, SMBC received Reserve Bank of India's approval to buy up to 24.99 per cent stake in Yes bank from State bank of India and seven other shareholders after having inked a deal in May

Philanthropist MacKenzie Scott reduces stake in Amazon by $12.6 billion

The latest disclosure, dated Sep 30, shows she holds 81.1 million shares, down 58 million from a year earlier

Brookfield to buy remaining stake in Oaktree for nearly $3 billion

Under the terms of the deal, Brookfield Asset Management and its parent Brookfield will fund roughly $1.6 billion and $1.4 billion of the purchase price, respectively

Travel platform ixigo to offload 10.1% stake to Prosus for ₹1,296 crore

Travel platform ixigo on Friday said it will raise Rs 1,296 crore from global technology investor and operator Prosus through a preferential issue of equity shares. In a regulatory filing, ixigo (Le Travenues Technology Ltd) said it is offloading a 10.1 per cent stake to Prosus (MIH Investments One B V) for Rs 1,295.56 crore (USD 146 million). The board of directors of ixigo have approved the issuance of 4,62,70,092 equity shares for Rs 1,295.56 crore, representing 10.10 per cent of the post-issue paid-up equity share capital by way of preferential issue on private placement basis to MIH Investments One B.V, the filing said. Prosus will invest Rs 1,295.56 crore (USD 146 million) for a 10.1 per cent stake in ixigo on a fully-diluted basis, corresponding to a share price of Rs 280 per share, a slight premium over the 10-day VWAP (Volume Weighted Average Price) of ixigo as on the relevant date for the transaction, the filing said. ixigo intends to utilise the proceeds for organic and

SBI Life Insurance, others buy 6% stake in AB Lifestyle Brands for ₹998 cr

SBI Life Insurance, Aditya Birla MF, Morgan Stanley, Goldman Sachs, and other entities have cumulatively acquired over 7.31 crore shares, representing a 6 per cent stake, in Aditya Birla Lifestyle Brands from Flipkart Investments for Rs 998 crore through open market transactions on Monday. Singapore-headquartered Amansa Capital, Nippon India Mutual Fund (MF), ICICI Prudential MF, UTI MF, ICICI Prudential Life Insurance, Ghisallo Capital Management, Societe Generale, and US-based Pathstone are among the entities that have bought stakes in Aditya Birla Lifestyle Brands Ltd (ABLBL), as per block deal data on the NSE. These entities have collectively purchased over 7.31 crore equity shares or 6 per cent stake in separate deals. Meanwhile, Aditya Birla Sun Life MF acquired 36.62 lakh shares or 0.3 per cent holding in ABLBL while SBI Life Insurance hiked its stake by picking up 1.73 crore shares representing nearly 1.42 per cent stake, as per the data. After the stake buy, SBI Life's ...

Buy, sell, hold? Trading strategy in PSU bank stocks amid stake sale buzz?

Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.

Investcorp sells 6.8% stake in NDR InvIT via ₹305 crore block trade

Investcorp has divested a 6.8 per cent stake in NDR InvIT through a Rs 305 crore block deal, the largest secondary stake sale in the warehousing InvIT sector

Swiggy to sell Rapido shares worth ₹2,400 cr to MIH Investments, WestBridge

With the planned stake sale to MIH Investments and WestBridge, Swiggy is set to raise around ₹2,399 crore from its holdings in Rapido

Swiggy to sell stake in Rapido for ₹2,400 crore to Prosus, WestBridge

Swiggy will sell its entire 11.8 per cent stake in Rapido to Prosus and WestBridge Capital for Rs 2,400 crore, securing more than 2.5 times return on its 2022 investment

Govt plans minority stake sales in nearly 6 state firms: Divestment secy

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year

TIMF Holdings, 360 ONE invest ₹140 cr in Rubicon Research ahead of IPO

Prior to this transaction, General Atlantic held 83.7 million shares, about 54.01 per cent of the company's total shares

IL&FS to exit Roadstar InvIT, will offload entire 15% residual stake

Debt-ridden Infrastructure Leasing & Financial Services has decided to sell its entire 15 per cent residual stake in Roadstar Infra Investment Trust (InvIT) to reduce liabilities. Infrastructure Leasing & Financial Services (IL&FS) has appointed Axis Bank to scout for potential buyers for its 15.1 per cent stake in Roadstar InvIT. "Sale of IL&FS' 15 per cent stake in Roadstar InvIT forms an important part of the Group's resolution initiative and approved framework. We would be taking steps in this direction - including appointing consultants and intermediaries - in due course," an IL&FS Group spokesperson said. In March this year, IL&FS had listed the Roadstar Infra Investment Trust units on NSE as a part of its debt restructuring. Roadstar Infra Investment Trust, sponsored by Roadstar Infra, was established with the objective of owning, operating and investing in infrastructure projects in India, directly or indirectly, and is registered under the InvIT ...

General Mills joins ITC and PE giants in race for 10% Balaji Wafers stake

Balaji Wafers is exploring a partial stake sale, with global players like General Mills, ITC, PepsiCo, and top private equity firms in talks as the company plans for expansion and IPO

SBI completes 13.18% sale in Yes Bank to Sumitomo Mitsui Banking Corp

The proceeds of the transaction would boost the bottomline of SBI in the second quarter ending September at a time when interest income and margins are under pressure

At least 10 private equity suitors circle Balaji Wafers for 10% stake

Balaji Wafers in talks with global PE giants, eyeing up to 10% stake sale at ₹40,000 crore valuation; ITC lone FMCG suitor, IPO planned in 5-6 years

ITC, PepsiCo, PE giants vie for 10% stake in Balaji Wafers at ₹40,000 cr

Balaji Wafers, known for its strong presence in western and central India, reported over ₹5,400 crore revenue in FY24, making it a top target for investors eyeing the snacks market

Blue Jet Healthcare down 4% as promoter launches OFS at ₹675; check details

Blue Jet Healthcare's share price was trading 3.55 per cent lower at ₹704.8 per share compared to previous day's close of ₹730 on the NSE

Balaji Wafers in talks with leading PE firms to sell up to 10% stake

PE funds, flush with record capital, are eyeing opportunities in India's branded consumer, technology, and healthcare sectors

Dassault Aviation to raise stake in Reliance Infrastructure JV to 51%

French firm to buy 2% stake for Rs 175 crore, increasing its stake in Dassault Reliance Aerospace to 51%.