Page 4 - Stake Sale

Theobroma set for ownership change as ChrysCapital nears 90% stake buy

Aqua Investments, Infinity Partners, and Atreides Investments BV seek CCI approval to acquire stake in Theobroma; deal part of ChrysCapital's planned ₹2,410 crore majority buyout

Japan's SMFG considers making additional $1.1 bn investment in YES Bank

Earlier this year, SMFG acquired a 20 per cent stake in YES Bank for approximately $1.6 billion

Multiples PE to acquire 32% stake in VIP Industries from promoters

Multiples Private Equity will acquire up to 32% of VIP Industries from the promoter group, led by the Dilip Piramal family, with an open offer to retail investors

Asian Paints divests entire stake in Akzo Nobel India for ₹734 crore

The transaction, executed via the bulk deal mechanism at ₹3,651 per share, fetched Asian Paints approximately ₹734 crore

Banga family divests 2.1% stake in Nykaa's parent firm for ₹1,213 crore

Harindarpal Singh Banga and his wife Indra Banga on Thursday divested a 2.1 per cent stake in FSN E-Commerce Ventures, the parent company of fashion and beauty retailer Nykaa, through bulk deals worth Rs 1,213 crore. Following the stake sale, shares of Nykaa declined by 4 per cent to Rs 203.50 apiece on the BSE, and by 3.82 per cent to Rs 203.50 per piece on the NSE. Harindarpal Singh is a commodities billionaire and Chairman and CEO of Hong Kong-based Caravel Group. Banga was an early investor in Nykaa, which went public in 2021. As per the deal, up to 6 crore equity shares of FSN were sold at a final price of Rs 202.25 per share. This represents a discount of about 4.4 per cent to FSN's closing price of Rs 211.59 on NSE on Wednesday, as per the term sheet accessed by PTI. Goldman Sachs (India) Securities and J P Morgan India were the brokers for the deal. The transaction comprises a sale of approximately 6 crore shares amounting to around 2.1 per cent stake in FSN. At the final

Carlyle Group may sell 10% stake in Piramal Pharma via block deals: Report

Piramal Pharma sold 20 per cent of its stake to Carlyle Group in June 2020, in a deal worth ₹3,523 crore

Kapur Family Trust to partially sell stake in Travel Food Services

Travel Food Services IPO is a full offer-for-sale issue by Kapur Family Trust with SSP Group raising stake as company eyes APAC, Middle East and highway QSR growth

Dixon Technologies promoter Vachani sells 2.77% stake for over ₹2,221 crore

Sunil Vachani offloads 1.67 million Dixon shares via open market; promoter stake dips to 2.57% as Motilal Oswal Mutual Fund increases holding and company posts strong Q4 results

TPG Asia to offload 6% stake in Sai Life Sciences via ₹102 crore block deal

Private equity firm TPG Asia will sell 12.5 million shares in Sai Life Sciences through a ₹102 crore block deal; IIFL Capital and Jefferies are advising the transaction

Jio Financial acquires SBI's full stake in JPBL for ₹104.54 crore

Prior to this stake acquisition, Jio Financial already held an 82.17 per cent stake in JPBL, with SBI owning the remaining 79.08 million shares (17.83 per cent)

Vishal Mega Mart promoter to sell 10% stake via block deal to raise $588 mn

As per the latest stock exchange records, Samayat Services LLP currently owns a 74.5 per cent stake in the fashion-focused hypermarket chain

Mizuho on verge of buying majority stake in investment bank Avendus

Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million

GEF Capital Partners sells 5.55% stake in Premier Energies for ₹2,629 cr

GEF Capital Partners on Tuesday divested a 5.55 per cent stake in Premier Energies for Rs 2,629 crore through open market transactions. Premier Energies Ltd (PEL) is among the largest integrated manufacturers of solar photovoltaic cells and modules (in terms of installed capacity) and specialty solar photovoltaic products in India. US-based GEF Capital Partners through its affiliate South Asia Growth Fund II Holdings LLC sold a total of 2.5 crore equity shares, representing a 5.55 per cent stake in Premier Energies Ltd, as per the bulk deal data available with the NSE. The transaction, valued at around Rs 2,629 crore, was executed at an average price of Rs 1,051.60 per share. Following the stake sale, the shareholding of South Asia Growth Fund II Holdings in Premier Energies declined to 5.55 per cent from 11.10 per cent. Meanwhile, Quant Mutual Fund bought 43.55 lakh shares, amounting to a 0.97 per cent stake in Premier Energies. Also, Premji Invest's arm PI Opportunities AIF V

Diageo weighs Royal Challengers Bengaluru stake sale, eyes $2 bn valuation

Diageo, through its Indian arm United Spirits, is exploring a potential sale of IPL franchise RCB amid rising regulatory pressure and soaring league valuations

Suzlon promoters sell 1.45% stake; Lalithaa Jewellery files for IPO

Wipro shares worth ₹5,058 crore got traded among the promoter group entities under the block deal window on Monday

Wipro promoter entities swap 1.93% stake valued at over ₹5,000 crore

About 20.23 crore shares of Wipro, amounting to a 1.93 per cent stake, were exchanged among promoter group entities through open market transactions on Monday, according to exchange data. Wipro shares rose by 1.09 per cent to close at Rs 251.30 on BSE. The stock closed 1.26 per cent higher at Rs 251.72 apiece on the National Stock Exchange (NSE). According to the block deal data available with the NSE, promoter entity Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. The transaction, valued at around Rs 5,057 crore, was executed at an average price of Rs 250 per share. Meanwhile, Premji Invest through its arm Prazim Trading and Investment Company Pvt Ltd, Hasham Traders and Prazim Traders bought these shares at the same price. Prazim, Zash and Hasham Traders are part of Wipro's promoter group. In November last year, Premji Invest through Prazim Trading and Investment Company purchased 8.49 crore shares or 1.6 per cent stake in Wipro for Rs 4,75

Bajaj Finserv promoters to sell 1.58% stake in ₹4,750 crore block deal

The block deal involves selling 25.3 million shares at ₹1,880 apiece, with an upsize option of ₹1,080 crore that could take the total deal size to ₹5,830 crore

Carlyle group exits Indegene; sells 10.2% stake for Rs 1,447 crore

Global investment firm Carlyle group on Wednesday exited Indegene by divesting its entire 10.2 per cent stake in digital healthcare services for Rs 1,447 crore through open market transactions. According to the bulk deal data available on the NSE, US-based Carlyle group, through its arm CA Dawn Investments, sold more than 2.44 crore shares, amounting to a 10.20 per cent stake in Indegene. The shares were offloaded in the price range of Rs 591.02-591.84 apiece, taking the combined transaction value to Rs 1,447.17 crore. Meanwhile, Premji Invest's affiliate PI Opportunities AIF V, Capital group, Societe Generale, Luxembourg-based Eastbridge Group and Abakkus Asset Manager cumulatively bought 1.06 crore shares or 4.42 per cent stake in Indegene for Rs 627 crore. The shares were picked up in the price range of Rs 591-591.48 apiece, taking the aggregate deal value to Rs 626.85 crore. Details of the other buyers of Indegene's shares could not be ascertained on the National Stock Exchang

Yes Bank to raise ₹16,000 crore via equity and debt; caps dilution at 10%

Yes Bank's board approves fund-raising plan of ₹16,000 crore and AoA changes as part of its agreement with Sumitomo Mitsui

Fast off the blocks: Share sale activity hits 9-month high, tops ₹65k cr

Improvement in investor sentiment paves way for large secondary issuances