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Latest Articles in stake sale

India Likely To Announce Sale Of IDBI Bank, Stake In LIC, Sources Say

Finance Minister Nirmala Sitharaman's plans to divest government control of large companies such as Air India and Bharat Petroleum Corp Ltd failed to make much headway in the current fiscal year because of the pandemic.

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Govt Invites Preliminary Bids To Sell 63.75 % Stake In Shipping Corp Of India

Shares of Shipping Corp were trading at Rs 86.30, up 4.54 per cent over its previous close on the BSE.

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Japan's Nomura Second-Quarter Profit Slumps 51%

Pretax income for the wholesale segment, which serves corporations and institutional investors, came in at 65.5 billion yen in the quarter, compared with a pretax income of 18.9 billion yen last year.

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Godfrey Phillips Denies Reports Of Stake Sale

On Monday, some reports which quoted his son Lalit Modi said that all assets owned by K K Modi, including cigarette-maker Godfrey Phillips, are up for sale.

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Jet Airways Falls As Tata Sons Tamps Down Deal Speculation

Tata said on Friday it is only in preliminary talks with Jet Airways and has not made a proposal to acquire a stake in the debt-laden airline

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Analysis: Tata Looks To Reclaim The Skies In Jet Stake Talks

Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures

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Pearson Cashes In $1 Billion Of Its Penguin Random House Stake

Hit by a sharp downturn in its biggest markets, Pearson has sold off some of its best known assets in recent years including the Financial Times and the Economist to enable it to invest in its core business of education

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Apollo Hospitals Shares Fall; Khazanah Arm Selling Stake

India's Apollo Hospitals Enterprise shares fell as much as 2.7 per cent on Thursday as an arm of Malaysian sovereign fund Khazanah was looking to exit the healthcare provider by selling its remaining 4.78 per cent stake

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Stake Dilution In Public Sector Banks After Their Health Improves, Says FM Arun Jaitley

The government will dilute its stake in state-run banks to 52 per cent once the health of the lenders improve and the money will be used to inject capital in them, Finance Minister Arun Jaitley said

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Coal India Weighs LSE Listing

The Kolkata-based public sector miner is holding overseas roadshows as part of plans to dilute a 10 per cent stake. The cabinet committee on economic affairs had agreed to the plan in November 2015

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Government Raises Rs 1,200 Crore From Nalco Share Sale, Kicks Off FY18 Asset Sale Process

The government has raised over Rs 1,200 crore through the sale of 9.2 per cent stake in Nalco as both retail and institutional investors lapped up the shares offered to them

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Government Plans Stake Sales Worth $5.4 Billion In Seven PSUs

India plans to sell stakes worth $5.4 billion in seven state-run companies during the current financial year as Asia's third-largest economy looks to fund its fiscal deficit amid ramped-up spending on rural areas and infrastructure

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Canara Bank Sells 13.45% Stake In Can Fin Homes

State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore

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Government Raises Rs 6,700 Crore From Stake Sale In ITC

The Centre has sold a 2 per cent stake in consumer goods and cigarettes maker ITC Ltd, raising about Rs 6,700 crore for the government, three sources with direct knowledge of the deal said on Tuesday

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Fairfax May Sell 25 Per Cent Of ICICI Lombard In Up To $1 Billion Deal

Fairfax Financial Holdings is in early talks to sell 25 per cent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture

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