Page 26 - Stake Sale
Stake sale at premium valuations a positive for Adani Ports
In addition to volume gains, lower pledges and acquisitions such as Concor would be new triggers
 "Stake sale at premium valuations a positive for Adani Ports")
Mahindra sells its entire stake in First Choice Services to TVS Automobile
It has also sold its entire stake of optionally convertible redeemable preference shares in Auto Digitech, a wholly-owned arm of Mahindra Holdings for Rs 13.5 crore to TVS
 "Mahindra sells its entire stake in First Choice Services to TVS Automobile")
V-Mart Retail raises Rs 375 cr from qualified institutional buyers
V-Mart Retail on Wednesday said it has raised Rs 374.99 crore
 "V-Mart Retail raises Rs 375 cr from qualified institutional buyers")
HDFC Ltd signs agreement to sell 24.48% stake in Good Host for Rs 232.81 cr
HDFC had acquired 25.01 per cent stake in Good Host in August 2018 for Rs 69.5 crore
 "HDFC Ltd signs agreement to sell 24.48% stake in Good Host for Rs 232.81 cr")
Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr
Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner
 "Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr")
French energy group Total buys 20% stake in India's Adani Green Energy
Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL
 "French energy group Total buys 20% stake in India's Adani Green Energy")
SAIL OFS subscribed over 5 times; govt to get Rs 2,664 cr from stake sale
The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India's largest steelmaker SAIL through an offer for sale (OFS)
 "SAIL OFS subscribed over 5 times; govt to get Rs 2,664 cr from stake sale")
Indiabulls Housing Finance in talks with PEs to sell 15-20% stake
Investor to become single-largest shareholder; Sameer Gehlaut likely to step down as promoter
 "Indiabulls Housing Finance in talks with PEs to sell 15-20% stake")
SAIL OFS oversubscribed 3.6 times on day one; govt to use greenshoe option
The government's sale of its 5 per cent shareholding in India's largest steelmaker SAIL was over-subscribed 3.6 times on the first day of its opening
Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore
On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed
 "Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore")
RInfra completes stake sale in PKTCL to India Grid for Rs 900 crore
The proceeds will be utilised for debt reduction, and the company''s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore
 "RInfra completes stake sale in PKTCL to India Grid for Rs 900 crore")
PSUs divestment: The act of setting ambitious targets and falling short
The current fiscal year (2020-21) for divestment has been challenging, with the Covid-19 pandemic having dragged the markets to record lows
 "PSUs divestment: The act of setting ambitious targets and falling short")
BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show
If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels
 "BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show")
IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr
With this, Ageas will hold 49% in the insurance venture, which is being rebranded as Ageas Federal Life Insurance Company
 "IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr")
LIC sells 2% stake in pvt lender ICICI Bank via open market transactions
Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier,
 "LIC sells 2% stake in pvt lender ICICI Bank via open market transactions")
Infosys divests partial stake in US-based Whoop for about $10 million
IT services major Infosys on Friday said it has divested one-third of its holding in US-based Whoop for about USD 10 million (about Rs 73.5 crore). In 2015, Infosys had announced making a USD 3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company. "The company had made a minority investment of USD 3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA. ...The company would like to inform that it has divested one-third of its holding for about USD 10 million," Infosys said in a filing on Friday.
 "Infosys divests partial stake in US-based Whoop for about $10 million")
BPCL board approves buying out Oman Oil's stake in Bina refinery
The board also approved a proposal to approach the Madhya Pradesh government for acquiring 2.69 crore warrants held by it in BORL
 "BPCL board approves buying out Oman Oil's stake in Bina refinery")
Planning for non-core asset sale, govt dividend now mandatory for PSUs
Listed public sector firms will have to maintain their m-cap at a certain level
 "Planning for non-core asset sale, govt dividend now mandatory for PSUs")
Standard Life cuts 1.38% stake in HDFC Life, raises Rs 1,720 crore
Following the share sale, Standard Life's stake in HDFC Life declined to 8.89% Following the share sale, Standard Life's stake in HDFC Life declined to 8.89%
 "Standard Life cuts 1.38% stake in HDFC Life, raises Rs 1,720 crore")
Bharti Infratel, Indus Towers merge; VIL gets Rs 3,760 cr for Indus holding
Vodafone Group will hold 28.12 per cent stake in the merged entity, while the holding of Airtel Group will be about 36.7 per cent
 "Bharti Infratel, Indus Towers merge; VIL gets Rs 3,760 cr for Indus holding")
