Page 9 - Stake Sale

High valuation amid mkt fall delays Haldiram deal; Blackstone exits race

Blackstone, an American private-equity firm, has backed off, citing a high valuation, according to bankers

Bank of India to pare stake in STCI Finance to meet RBI's proposed norms

A senior BoI executive told Business Standard that RBI's draft norms propose that banks engaged in the same activity as NBFCs should reduce their stake

BP likely to sell global lubricant business, calls it 'strategic review'

British firm holds 51% stake in Castrol India valued at Rs 11,000 crore

MO Alts acquires majority stake in Megafine Pharma for Rs 460 crore

Megafine currently operates two USFDA-approved manufacturing facilities located in Nashik, Maharashtra, and Vapi, Gujarat, and specialises in niche, high-margin APIs, primarily used in chronic disease

Centre kickstarts process for stake sale in PSBs and listed PFIs

According to the government's disinvestment strategy, five public-sector lenders are required to reduce their government stakes to below 75%

Indorama Ventures to buy minority stake of 25% in EPL from Blackstone

The deal, priced at Rs 240 per share, is expected to close in the coming months

Govt seeks merchant bankers for stake sale in PSBs, financial institutions

The Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions. As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity in select PSU banks/select listed public financial institutions. The last day for putting in bids by merchant bankers is March 27. "The Government of India (GOI) intends to empanel BRLMs/MBSBs for a period of three years (further extendable by one year) in the context of dilution of GOI equity in select Public Sector Banks (PSBs), and select listed Public Financial Institutions (PFIs) (as defined under the Companies Act, 2013) using SEBI approved methods in accordance with the extant SEBI/RBI/IRDAI and ..

American PE major Bain Capital's deal with Manappuram enters final lap

Deal negotiations got delayed owing to differences over loss-making segments of the Indian company

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