Page 6 - Stake Sale

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

South Africa's Sanlam invests ₹105 cr in Shriram AMC for 23% stake

Sanlam becomes co-promoter of Shriram AMC with ₹105 crore for 23% stake, raising total promoter holding to over 71%; Shriram AMC shares rise 10% on the news

Rakesh Gangwal may sell 3.4% in IndiGo for ₹6,831 crore via block deal

IndiGo co-founder Rakesh Gangwal to sell 3.4% stake via block deals as part of his long-term exit plan; total promoter stake now down to 13.53%

Bajaj Group get CCI's nod to acquire Allianz's 26% stake in insurance JVs

Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release. BFS is engaged in the provision of financial services, including consumer and SME finance, housing finance, general insurance, and JSPL is a private limited company incorporated under the provisions of the Companies Act, 1913. BHIL is a RBI-registered as a non-banking financial company - investment and credit company and BALIC and BAGIC are joint ventures between Bajaj Finserv

Edelweiss Employees Trust divests 1.7% stake in Edelweiss Fin for ₹145 cr

Edelweiss Employees Trust sold 16 mn shares worth ₹145 cr; Carnelian, Miri Capital, and others picked up stakes as Edelweiss shares rose 3.15% on the BSE

Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches

"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

Singapore's Singtel sells 1.2% stake in Bharti Airtel for $1.54 billion

Singtel reduces its Bharti Airtel stake from 29.5% to 28.3% after selling 71 million shares for $1.54 billion through its wholly owned unit Pastel

General Atlantic cuts 10% stake in KFin Technologies for ₹1,790 crore

The shares were offloaded in the price range of Rs 1,040.31-1,041.56 apiece on the National Stock Exchange (NSE), taking the combined transaction value to Rs 1,790.41 crore

PNB to sell entire stake in Isarc for ₹34 crore to streamline portfolio

Punjab National Bank has agreed to sell its entire stake in India SME Asset Reconstruction Company for ₹34 crore, aligning with its plan to exit non-core investments and focus on core banking

Yes Bank shares rises over 2% on SMBC's Rs 13,482-cr stake acquisition

Yes Bank rose 2.35 per cent after SMBC's ₹13,482-crore stake deal but underperformed the Nifty Bank and Nifty 50 indices, which posted stronger gains

DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore

DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-ter

SBI, private banks sell 20% Yes Bank stake to SMBC for ₹13,482 cr

In India's largest cross-border banking deal, SBI and private lenders sell 20% stake in Yes Bank to SMBC for ₹13,482 crore, valuing the bank at $7.9 billion

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

Axis Bank plans to raise Rs 20,000 cr through stake sale, debt issuance

The Mumbai-based bank plans to raise 350 billion rupees ($4.1 billion) through local rupee bonds or foreign currency bonds, Additional Tier-1 bonds, infrastructure bonds and other debt, the bank said

Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram

Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India's approval to acquire minority stakes in Haldiram Snacks Food. Alpha Wave is a global investment company and United Arab Emirates-based IHC is one of the world's largest investment companies having a USD 250 billion market valuation and listed on Abu Dhabi Securities Exchange. "The proposed transaction entails the acquisition of less than 10 per cent of the issued and paid-up equity share capital of the target (Haldiram Snacks Food Pvt Ltd)," said a notice filed with the Competition Commission of India (CCI). The proposed combination, classified as an acquisition of shares and voting rights, falls under specific clauses of the Competition Act, it added. Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur. In its submission to the CCI, Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP (acquirers) said that the exact delineation of the ...