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Latest Articles in stake sale

Tiger Global, DST Global Sell Stake In Zomato Worth Rs 1,412 Cr

The stake was sold for a total of Rs 1,412 crore through open market transactions

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Vedanta Denies Any Sale Talks, Calls Them 'Untrue', 'Baseless'

The statement by the company comes after there were news reports about company’s Anil Agarwal contemplating a stake sale in the company

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PE Firms Carlyle, Advent Picks Up 9.99% Stake In Yes Bank For Rs 8,896 Cr

Yes Bank already received Rs 948 crore upfront from the investors, which is 25 per cent of the total warrants issue, while the remaining 75 per cent of the amount will be received at the time of conversion of warrants into shares

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Macrotech Developers Raises Rs 3,547 Crore Through QIP Route

Pursuant to the QIP, the company has raised approximately Rs 10,000 crore of equity in the last 20 months

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Govt Seeks $7.7 Bn Value For IDBI Bank's Stake Sale: Report

The government is looking at a premium of roughly 33 per cent based on IDBI Bank’s market value of about USD 5.8 billion as of 20 October

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LIC Sells Over 2% Stake In Power Grid In 5 Months

The shares were sold at an average price of Rs 220.40 per share during the period through an open market sale in an ordinary course of transaction

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Government Considering Selling At Least 51% Of $5 Bn IDBI Bank

As per the current composition, the government of India and the state-backed Life Insurance Corporation of India together own about 94 per cent of IDBI Bank’s shares

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ICICI Sec, Axis Cap Among 5 Bankers To Manage Govt's HZL Stake Sale

Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers

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Shell In Talks With Indian Consortium To Sell Russian LNG Plant Stake: Report

The consortium's potential interest in the Russian plant shows how India is willing to move in on energy assets and cheap oil supplies coming on the market as a result of Western companies pulling back from Russia

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Government Approves Stake Sale In Hindustan Zinc

Sources indicated that the government will sell its entire stake in Hindustan Zinc where its shareholding is 29.54 per cent

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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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