Page 27 - Stake Sale

Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition

This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent

Shapoorji Pallonji Group yet to send formal request for separation: Tatas

Tata Sons reiterates that it will only respond in court; settlement remains deadlocked

Rabo Equity sells entire 21.7% stake in Vacmet for around Rs 140 cr

Rabo Equity has sold its entire stake in Vacmet Ltd for around Rs 140 crore back to promoters, thus making an exit from the investment made in 2010

Japan's Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides

Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. "Mitsui and Nisso have acquired 56 per cent stake in BIL through a special purpose company co-founded by Nisso and Mitsui. The BIL's promoters will continue to hold balance shares in BIL," the company said in a statement. The new relationship with Mitsui and Nisso will further strengthen BIL's ability to deliver innovative crop protection products and support sustainable growth of India's agriculture sector, it added. BIL's founder promoter Sat Narain Gupta said, "This is a momentous occasion for us. BIL was started 43 years back with just 2 products and since then, BIL has come a long way. We hope that being part of Mitsui group will take BIL to the next level." Other ...

Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth

The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Singapore govt, monetary authority trim stake in Zee Entertainment

Singapore government and Monetary Authority of Singapore have sold almost 1% of their total holding in ZEEL to 5.93% for an estimated sum of over Rs 186 crore by selling shares in the open market

Govt plans stake sale in IRCTC, invites bids for managing sale by Sep 10

Govt holds 87.40 per cent stake in IRCTC and has to lower its stake to 75 per cent, according to regulator guidelines

L&T Finance sells its remaining stake in CG Power and Industrial Solutions

Shares of CG Power were trading 4.98 per cent higher at Rs 15.39 per share on BSE

Google to buy 6.6% stake in home security firm ADT for $450 million

ADT expects to offer certain Google devices to its customers beginning this year and to expand the integration in 2021

Oman firm likely to exit Bina refinery as BPCL gears up for divestment

Bharat Oman Refineries (BORL) may get merged with BPCL post-Oman's exit

ITC acquires spices maker Sunrise Foods in all-cash deal for Rs 2,150 cr

SFPL is a Kolkata-based family-owned company engaged primarily in the business of spices

Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31

Amazon in talks to pick up 9.9% stake in Reliance retail arm: Report

Amazon wants a preferred, strategic stake in Reliance Retail for JioMart

Qualcomm Ventures picks 0.15% stake in Jio Platforms for Rs 730 crore

Qualcomm Ventures is a global fund of Qualcomm that invests in pioneering companies across the wireless ecosystem in areas like 5G, AI, IoT, automotive, networking and enterprise

Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment

Dipam secretary pointed out there have been hiccups due to Covid-19

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Reliance Industries announced today an investment of $252 million by Intel Capital for a 0.39 per cent stake in Jio Platforms

IDBI Bank to raise Rs 595 crore by divesting 27per cent stake in IFLI

The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance at a combined value of Rs 595 crore

ICICI Bank sells 3.96% stake in ICICI Lombard for Rs 2,250 crore

Post the transaction, the ICICI Bank's stake in its general insurance subsidiary stands at 51.9 per cent and the rest is publicly held

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds