Page 25 - Stake Sale

IT firm Wipro sells entire stake in Denim Group for $22.4 million

IT company Wipro on Wednesday said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).

Wipro sells stake in Denim Group for $22.42 mn, acquires stake in Squadcast

Wipro, in 2018, had acquired 33.33 per cent stake in Denim Group, an independent application security firm, for $8.83 mn

BPCL may sell some stake in IGL, Petronet to shed promoter status

BPCL is a promoter of 2 companies and since there is a change in ownership of the promoter firm, an open offer is triggered under Sebi (Substantial Acquisition of Shares and Takeovers) Regulations

IDBI Bank: A dilemma of 'parallel sales' in the Indian financial sector

A buyer of the government's stake will have to contend with simultaneous market sales by the other major shareholder, LIC

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

Carlyle sells 4.2% in SBI Life at Rs 960 per share in pre-market deal

CA Emerald Investments, an affiliate of Carlyle Asia Partners, sold a total of 4.23 million shares for Rs 4,061 crore

JSPL hits 52-week high as board approves divestment in Jindal Power

The equity value is an all-cash offer of Rs 3,015 crore, including 3,400 MW coal fired power plants in Chhattisgarh and other non-core assets owned by JPL

Singapore-based SC Ventures plans to divest its stake in B2B company

According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year

Debt-laden IL&FS sells 49% stake in China road asset for Rs 1K crore

IL&FS has duly received Rs 1,035 crore (or $141.3 million) in Singapore as part of this stake sale transaction

Manipal Hospitals to sell minority stake to NIIF for Rs 2,100 crore

The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business

Groupe Atlantic to invest Rs 68 cr for 50% stake in SHIL subsidiary

French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing.

Govt to sell up to 15% stake in Rail Vikas Nigam through OFS on Wednesday

The floor price for the sale has been fixed at Rs 27.50/ share.

Centre may sell stake in Rail Vikas Nigam through OFS this month

In October 2020, the government had announced it would sell its 15 per cent stake in the company

Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block

The government owns a 26 per cent stake in Tata Communications

Govt sells stake in Tata Communications, OFS fully subscribed

The offer for sale will fetch the government about Rs 5,500 crore.

Tata Communications OFS opens Tuesday for institutional investors

The sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore.

Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.

AAI to offload residual stake in Bangalore and Hyderabad airports

Sale of 13% stake in each may fetch Rs 3,000 crore

Govt to sell 16.12% stake in Tata Comm through OFS, rest to Tata Sons arm

The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing

BPCL tanks 6% after BPCL Trust offloads up to 7% stake in firm

The company's board has approved the sale of BPCL equity shares which are held by the BPCL Trust for Investment in shares through accelerated book built offering