Page 3 - Stake Sale

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%.

ADIA exits One MobiKwik Systems; sells entire 2.1% stake for ₹39 crore

Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal data available on the NSE, ADIA offloaded a little over 16.44 lakh equity shares, representing a 2.10 per cent stake in Gurugram-based One MobiKwik Systems. The shares were disposed of at an average price of Rs 238.45 apiece, taking the deal value to Rs 39.21 crore. Meanwhile, BofA Securities Europe SA and SI Investments Broking Pvt Ltd bought a total of 9 lakh shares or 1.15 per cent stake in One MobiKwik Systems, a combined transaction value of Rs 22.12 crore. The shares were acquired in the price range of Rs 243.61-248.42 per piece. Details of the other buyers of One MobiKwik Systems' shares could not be ascertained on the exchange. Shares of One MobiKwik Systems climbed 8.12 per cent to close at Rs 237.74 apiece on the NSE. Last month, One MobiKwik Systems rep

Gangwal family trust offloads 1.3% stake in IndiGo for ₹2,933 crore

IndiGo promoter Rakesh Gangwal's family trust on Thursday sold a 1.3 per cent stake in the country's largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading shares worth Rs 14,497 crore so far this year. With the latest sale, the cumulative divestment by Rakesh Gangwal, along with his wife Shobha Gangwal and their family trust -- the Chinkerpoo Family Trust -- stood at Rs 39,532.79 crore, translating to around USD 4.51 billion. Since 2022, Gangwals and their family trust have offloaded a 28.32 per cent stake in IndiGo, according to an analysis by PTI. InterGlobe Aviation, which commands substantial valuation in the stock market, operates IndiGo, which accounts for over 65 per cent of the total domestic air traffic. Following a bitter fallout with co-promoter and co-founder Rahul Bhatia, Gangwal, in 2022, announced that he will gradual sell stake in the airline in a phased manner. According to the bulk deal data available on the NSE on Thursday,

Gangwal, The Chinkerpoo Family Trust may sell ₹7,000 crore stake in IndiGo

Proceeds of the offering by Rakesh Gangwal and The Chinkerpoo Family Trust will stand at around ₹7,028 crore or $801m, at offer floor price

CCI okays Multiples Equity-led consortium stake buy in VIP industries

A group of investors led by Multiples Equity on Tuesday received approval from the Competition Commission of India (CCI) to acquire stakes in luggage and travel accessories maker VIP Industries. VIP Industries promoters Dilip Piramal and Family in July had announced the sale of up to 32 per cent of their stake in the company to a consortium led by Multiples Equity, an alternative asset management company. The consortium comprises Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities, Caratlane founder Mithun Padam Sacheti, and his brother, Siddhartha Sacheti. "The proposed combination relates to the acquisition of certain shareholding by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Pvt Ltd, Mithun Sacheti and Siddhartha Sacheti in VIP Industries Ltd," the fair trade regulator said in a release. Multiples focuses on core sectors of financial services, pharma & healthcare, consumer

Sellwin Traders signs agreement to acquire 60% stake in Shivam Contracting

Sellwin Traders on Monday said it has signed an agreement to acquire a 60 per cent stake in US-based infrastructure and construction firm Shivam Contracting Inc (SCI) in an equity deal. Under the deal, Sellwin Traders (STL) will issue shares to Shivam Contracting at a price not less than Rs 18 per share to acquire a 60 per cent stake, a company statement said. "STL has agreed in principle to invest up to USD 6 million (around Rs 52 crore) to participate in SCI's ongoing and future projects across the United States," the statement said further. A fair valuation of SCI for this deal will be conducted as of December 31, 2025. The MOU remains valid for 12 months from the signing date, the company said. "The USD 6 million equity-linked investment in Shivam Contracting Inc. strengthens our exposure to the US infrastructure sector with attractive return and assured fund repatriation within two years. "Simultaneously, the planned controlling acquisition of Dubai's GMIIT amplifies our ...

Yes Bank stake sale to Sumitomo gets RBI approval for 24.99% acquisition

The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter

Apollo Hospitals MD Suneeta Reddy sells 1.3% stake via block deal

Promoter group raises Rs 1,489 cr to reduce debt and holdings; doesn't plan further stake reduction

Clean Science block deal hit by execution error at Avendus Spark

Clean Science and Technology stock saw heavy volatility after a block deal execution error by Spark Institutional Equities, even as promoters sought to sell up to 24% stake

UltraTech Cement to sell up to 6.5% stake in unit India Cements

The company, which took control of India Cements in July last year, said the sale was to comply with "applicable laws"