Page 8 - Stake Sale

Bharti Enterprises may use Airtel stake sale proceeds to fund BT purchase

Promoter group entity sells 0.84% share in telco for Rs 8,485 crore

Carlyle combines India's Highway, Roop to build global auto parts platform

New entity will have a portfolio of more than 1,500 products, clients in 17 countries

Torrent Group to acquire a majority stake in Gujarat Titans for Rs 7,500 cr

Indian Premier League franchise Gujarat Titans, currently owned by CVC Capital Partners, was acquired in 2021 for Rs 5,625 crore

Whirlpool intends to bring down stake in India unit to around 20% in 2025

It currently holds 51% stake

US businessman makes counter offer for Religare at Rs 275 per share

Burmans' open offer slated to open on Monday

Greenko Energy founders to raise $800 million fund to buy Orix stake

AM Green Power BV, which has ties to Greenko's founders, plans to raise an $800 million loan to acquire the stake from Japanese financial group Orix Corp

PAG acquires majority stake in Pravesha Industries for $200 million

PAG had earlier acquired Manjushree Technopack for $1bn

Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore

The British telecom giant has paid back Rs 890 crore to lenders and acquired a stake worth Rs 1,910 crore in Vi

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price

Temasek nears deal to buy 10% stake in Haldiram's at $10 billion valuation

Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family

JSW Group in talks to acquire Everstone Capital's 8% stake in MG India

If the deal goes through, JSW's stake in MG India will increase to 43% from 35%

BharatPe parent to sell up to 25% stake in Unity SFB for $800 million

The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources

EaseMyTrip co-founder Nishant Pitti to exit firm with Rs 780 cr stake sale

Nishant Pitti's exit signals the completion of his divestment from the travel-tech company, leaving EaseMyTrip in the hands of institutional investors and other stakeholders

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

The stake sale, which will occur in two tranches, is estimated to fetch the Adani group approximately $2.2 billion (Rs 18,824 crore) upon completion

RBL Bank divests entire 8.16% stake in DAM Capital before IPO listing

RBL Bank sold its stake in DAM Capital Advisors via an offer for sale, raising Rs 163.32 crore by selling 5.77 million shares at Rs 283 each

Goldman Sachs eyes majority stake in Multiples PE-backed PeopleStrong

The deal is expected to value Gurugram-based HR tech firm PeopleStrong at approximately Rs 1,500 crore

Amazon exits Shoppers Stop; sells entire 4% stake for Rs 276 crore

In January 2018, Shoppers Stop announced that it had allotted shares worth Rs 179.26 crore to Amazon.Com NV Investment Holdings LLC, an investment arm of Amazon.com

ICICI Bank's board approves 19% stake sale in ICICI Merchant Services

The Board of Directors of ICICI Bank Limited ("the Bank"), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services

ReNew to delist from Nasdaq, gets a non-binding offer from Masdar

According to Reuters, the deal value would be around $2.8 billion. The offer price is 11 per cent higher than ReNew's closing stock price of $6.34 on December 10 on Nasdaq

Pioneer Jellice and Ashok Matches launch open offer for IGCL Stake

This comes after Narmada Gelatines Ltd (NGL), a subsidiary of Pioneer Jellice, acquired 1 million shares of India Gelatine at a price of Rs 408 per share, for a total value of Rs 40 crore on Wednesday