Page 3 - Stake Sale

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"

Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr

Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & ...

Govt to begin LIC stake sale roadshows, may sell 3% stake in first tranche

The government may sell 2.5-3 per cent of its stake in LIC in the first round, aiming to raise up to ₹17,000 crore, with roadshows likely to start in two weeks

IHCL acquires 51% stake in firms operated under Clarks Hotels for ₹204 cr

IHCL to buy majority stakes in ANK Hotels and Pride Hospitality, operators of 135 Clarks Hotels & Resorts properties, to strengthen midscale presence across India

Sunil Mittal to offload 0.8% stake in Bharti Airtel, eyes ₹9,300 crore

Bharti Airtel promoter ICIL to offload 50 million shares via block deal; proceeds likely to go towards acquiring 49% stake in Haier India with Warburg Pincus

Antfin exits Eternal with ₹5,370 crore stake sale at ₹285 floor price

Antfin Singapore Holding to exit Eternal (formerly Zomato) with Rs 5,370 crore block deal at Rs 285 per share, days after selling entire Paytm stake for Rs 3,800 crore

Madhusudan Kela and Family sells entire Waaree Energies, Samhi Hotels stake

Madhusudan Kela and Family has exited from Waaree Energies and Samhi Hotels by selling their remaining stakes in the two companies, the latest shareholding data with the BSE showed on Tuesday. At the end of March quarter shareholding data, Madhuri Madhusudan Kela owned a 1.16 per cent stake in Waaree Energies, and 1.69 per cent holding in Samhi Hotels. However, as per the latest data on the BSE, Madhuri's name is no longer listed among the public shareholders in the June 2025 quarter. In addition, Madhusudan Kela also trimmed its stakeholding by offloading 94,672 shares or 0.31 per cent stake in financial services company Choice International in the April-June quarter. The combined value of the stake sale in these three companies stood at around Rs 1,132.10 crore. The stake in Samhi Hotels was valued at around Rs 83.24 crore, and the holding in Waaree Energies was worth around Rs 1,049 crore. It is not clear whether the Kela family has fully exited or if their shareholding has m

Multiples-led consortium seeks CCI nod to acquire stake in VIP Industries

A clutch of investors led by Multiples Equity have sought approval from the fair trade regulator CCI to acquire a 32 per cent stake in luggage and travel accessories maker VIP Industries. The move came after Dilip Piramal and Family -- promoters of VIP Industries -- announced last week that they will sell up to 32 per cent of their stake in the company, to Multiples Equity, an alternate asset management company. Multiples consortium consists of ?Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities, Caratlane founder Mithun Padam Sacheti, his brother Siddhartha Sacheti and Profitex Shares and Securities will acquire stakes in VIP Industries. "The proposed combination relates to acquisition of shareholding by the acquirers(MPEF, MPGF, Samvibhag Securities, Mithun and Siddhartha Sacheti) in the target VIP Industries," according to a notice filed with the Competition Commission of India (CCI) on Friday. Multiples is an alternate as

Discovery Global Management exits SpiceJet, sells 2.2% stake for ₹119 crore

Global macro hedge fund Discovery Capital Management on Wednesday exited SpiceJet by selling its entire 2.2 per cent stake in the domestic carrier for Rs 119 crore through an open market transaction. The US-based Discovery Capital Management through its affiliate Discovery Global Opportunity (Mauritius) Ltd offloaded 3,11,53,621 shares, representing a 2.20 per cent stake in Gurugam-based SpiceJet, as per the bulk deal data on the BSE. The transaction was executed at an average price of Rs 38.14 apiece, taking the total deal value to Rs 118.82 crore. Meanwhile, Plutus Wealth Management bought 2.45 crore shares or 1.73 per cent stake in SpiceJet for Rs 93.39 crore. The shares were picked up at an average price of Rs 38.12 apiece. Following the stake buy, Plutus Wealth Management's holding in SpiceJet rose to 4.44 per cent from 2.71 per cent. Details of other buyers of SpiceJet shares could not be ascertained on the bourse. SpiceJet rose 5.75 per cent to close at Rs 40.29 apiece on

Tilaknagar Industries to acquire Imperial Blue business for 412.6 mn euro

The consideration includes a deferred payment of 28 million euro (approximately ₹282 crore as on date), to be paid four years after the closure of the transaction

Whirlpool India stake sale: EQT, Bain lead as Reliance, Havells step back

Private equity firms EQT and Bain Capital are leading the race to acquire a 31 per cent stake in Whirlpool India, as rivals like Reliance Industries and Havells withdraw over valuation concerns

Schneider Electric mulls buying Temasek's 35% stake in Indian JV

Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion