Page 5 - Stake Sale

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

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