PE firm Olympus to sell up to $235 million stake in India's Aster DM, term sheet shows
By M. Sriram and Dimpal Gulwani (Reuters) -Private equity firm Olympus Capital Asia plans to sell a 9.8% stake in India's Aster DM Healthcare for up to 19.53 billion rupees (nearly $235 million), Key Points
ThePrintStocks in news: ITC, SBI, Kfin Tech, Vedanta, Muthoot Capital
Debt-ridden cigarette seller British American Tobacco (BAT) announced that it will sell 3.5% stake in Kolkata-based FMCG firm ITC Ltd through a block deal. Key Points
Economic TimesRakesh Gangwal sells 5.8% stake in InterGlobe Aviation for Rs 6,786 crore
Gangwal, the co-founder of Indias largest carrier, had said that he would gradually reduce the holdings in the company after stepping down from the board in February 2022. Shobha Gangwal has completely exited the airline. Key Points
Economic TimesIndia's IndiGo co-founder Gangwal to sell airline's shares worth $450 million, report says
BENGALURU (Reuters) - Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block Key Points
ThePrintRetail rebellion in these 35 smallcap stocks spark rally, defy big money
35 smallcap stocks have seen increased stake from retail investors despite MFs and FIIs reducing their stakes. This has resulted in double-digit returns since October 2023, with stocks like Inox Wind Energy and Prestige Estates Projects showing the highest gains. In many instances, it has been noticed that retail ownership has become sizeable enough to even cross institutional holding. Key Points
Economic Times
SoftBank sells another 2% stake in Paytm
SoftBank Group Corp has sold a stake of 2.17% in beleaguered Indian payments firm Paytm, an exchange filing showed on Thursday. Key Points
Economic TimesKKR considers selling stake in India’s $3 billion JB Pharma
KKR & Co. is reportedly considering selling its 53.8% controlling stake in Indian pharmaceutical company JB Chemicals & Pharmaceuticals Ltd. The US private equity firm is said to be exploring options and seeking financial advisers for a potential sale, with other buyout firms and industry players expressing preliminary interest. JB Pharma's shares have seen a 68% increase in the past year, valuing the company at just over $3 billion. Key Points
Economic TimesPunters' hopes of delisting gains dashed as MNCs opt for stake sales
Wabco, Styrenix Performance Materials (INEOS Styrolution), Federal-Mogul Goetze, Timken India, GMM Pfaudler, Thomas Cook, Samvardhana Motherson, and Whirlpool are among the companies where global parents have sold their stakes. Large overseas stakeholders in ITC and Novartis too have indicated their intention to sell a stake. Key Points
Economic TimesJSW Steel in talks for $1 billion stake in Australia's Blackwater coal mine
“Two parties – one from Japan and one from India – may be about to surface as buyers of a stake. While the identities are unknown, sources pointed to steel producer JSW Group of India or Nippon of Japan,” the Australian Mine Safety Journal reported. Key Points
Economic TimesPromoter sells 1.8% stake in Vedanta via open market for over Rs 1,700 crore
The promoter entity sold 6,55,18,600 shares of the mining major at Rs 265.14 a share, bulk deals data showed. On Thursday, shares of Vedanta ended 4% down on the BSE at Rs 268. The sale happened at a discount of more than 5% to the previous close. Key Points
Economic Times
Vedanta in talks to sell partial stake to Rajiv Jain’s GQG Partners for $1 billion: Report
The final talks for the potential stake sale have reportedly already taken place. The transaction too might take place in a few days in the form of a block deal. Key Points
Business TodaySoftbank trims stake in Paytm, sells another 2% in a month
SVF India Holdings, a SoftBank entity, has sold an additional 2% stake in Paytm through open market transactions, reducing its stake in the company to 5.01%. Key Points
mintDolly Khanna raises stake in two smallcap stocks in December quarter
With the additional stake, Dolly Khanna's stake in Deepak Spinners increased to 1.83% at the end of December 2023 from about 1.65% at the end of September 2023. Key Points
Economic TimesRadhakishan Damani picks up 1.44% stake in VST Industries via bulk deal
Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%. Key Points
Economic TimesYear-Ender 2023: Top 10 mergers and acquisitions that are reshaping industries across India
Top M&As in 2023: Deloitte highlights a 45 per cent jump in M&As within the consumer sector, driven by Reliance Retail's strategic acquisitions like Ed-a-Mamma. Bain & Company emphasises the growing prominence of digital content play with Saregama's Pocket Aces acquisition. Key Points
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Stocks in news: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore. Key Points
Economic Times3 global funds sell 7.8% stake in Five-Star Business for Rs 1,656 crore via open market
TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or 3.05% stake at Rs 730 apiece, aggregating around Rs 650 crore, according to bulk deals data on the National Stock Exchange. As of September end, the global private equity fund held 14.29% stake in the NBFC. Key Points
Economic TimesWarburg Pincus offloads 1.3% stake in IDFC First Bank for Rs 790 crore
As of September-end, Dayside Investment held 1.3% in the company. Cloverdell Investment, another affiliate of Warburg Pincus, also holds a 2.74% stake in IDFC First Bank. Key Points
Economic TimesAlipay exits Zomato via 3.5% stake sale, takes home Rs 3,336 crore
Bank of America and Morgan Stanley acted as advisers to the deal. Among the buyers in the deal were marquee funds including Goldman Sachs, Fidelity Investments, Morgan Stanley, Vanguard, Societe Generale, ADIA. Key Points
Economic TimesBerkshire Hathaway exits India's Paytm in $165 million deal
BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Key Points
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Italy govt could use MPS model as template for other privatisations - minister
The placement of a 25% stake in Monte dei Paschi di Siena (MPS) (BMPS.MI) by Italy's Treasury earlier this week could serve as a template for Rome's strategy to cut its stake in other state-controlled companies, the economy minister said on Thursday. Key Points
ReutersGermany buys stake in EnBW's high voltage grid for $1.1 bln
Germany has acquired a minority stake in local utility EnBW's (EBKG.DE) high-voltage business, the company said on Friday, firming up its grip on critical energy infrastructure in a bid to speed up the country's energy transition. Key Points
ReutersGreece to start sale of National Bank stake in coming weeks - sources
Greece's bank bailout fund plans to start the process for selling a 20% stake in National Bank (NBG) (NBGr.AT), the country's second largest lender, in the coming weeks, two sources familiar with the matter told Reuters on Thursday. Key Points
ReutersSpain's state fund considers taking Telefonica stake after STC move
Spain's state fund SEPI said on Tuesday it is considering whether to buy a stake in Telefonica (TEF.MC), a month after Saudi Arabia's STC built a 9.9% holding in the telecoms group. Key Points
ReutersStake.us Promo Code HellaUSA For 55 stake Cash + 250K Gold Coins
Alongside finding a dedicated Stake.us code, here you will also find a full stake review that will shine a light on stake social casino + claim free money. Key Points
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Zomato block deal: SoftBank reportedly sells 1.09% stake worth Rs 1,000 crore
SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% equity stake in Zomato in a bulk deal worth Rs 1,040.5 crore. This comes after SoftBank offloaded a 1.17% stake in Zomato in August. The Japanese investor has been reducing its stake in Zomato as the lock-in period for the post-Blinkit deal ended in August. SoftBank has also been reducing stakes in other companies, including PB Fintech and Paytm. Key Points
Economic TimesSoftBank fund to sell 1.1% stake in Zomato for ₹1,023.6 crore: Report
SoftBank's SVF Growth to sell 1.1% stake in Zomato for $123.24 million Key Points
mintSoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal: Report
According to reports, the offer price is set around Rs 109.4-111.6 per share and the transaction is valued at 1,024 crore. SoftBank holds a 2.17% stake in the company, at the end of September quarter. Key Points
Economic TimesSoftBank sells another 11.4 million shares of PB Fintech
Before the sale the Japanese tech investor held a 4.39% stake in PB Fintech. This is now down to 1.85% Key Points
mintAdani investor GQG picks up 2.58% stake in IDFC First Bank for Rs 1,527 crore via bulk deal
Meanwhile, Mauritius-based Cloverdell Investment has sold 4.2% stake in the company. As of the June quarter, Cloverdell held about 7.12% stake in IDFC First Bank. Key Points
Economic Times
RIL likely to sell 8-10% more in Reliance Retail Ventures for expansion, stock market debut: Report
The stake sale plan comes a day after Qatar Investment Authority (QIA) said it will invest Rs 8,278 crore ($997 million) at an equity valuation of Rs 8.2 lakh crore. Key Points
Business TodayMultibagger tracker! This Jhunjhunwala-backed auto stock turned Rs 10,000 to Rs 3.5 lakh in just 10 years
According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake Key Points
Economic TimesVedanta’s free float in FTSE All-World index rises to 37% on promoter stake sale
According to the bulk deals data with exchanges, Twin Star offloaded 15.4 crore shares or a 4.14% stake in the company. The transaction was done at a weighted average price of Rs 258, a 5% discount to Wednesday's close price. Key Points
Economic TimesAshish Dhawan picks stake in this financial stock, likely exits 2 tech firms
Dhawan picked up a 1.66% stake in Religare Enterprises (REL) - a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking. The value of his holding in the company stands at Rs 94.3 crore, according to Trendlyne data. Key Points
Economic TimesM&M buys 3.5% stake in RBL Bank for Rs 417 crore; may raise stake further
“We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstances will it exceed 9.95,” M&M says Key Points
Economic Times
Stocks in news: Airtel, Adani Transmission, HDFC Bank, Ultratech Cement, TVS Motor
Promoter entity Fortitude Trade and Investment has sold its entire stake in Adani Transmission Ltd for about Rs 2665 crore through bulk deals on Friday. Meanwhile, GQG partners has bought a stake worth Rs 1,676 crore in the company. Key Points
Economic TimesGQG Partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stak
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission Key Points
Economic TimesDelhivery shares soar 7% as 1.8 crore shares exchange hands; reports suggest Carlyle offloads stake
Delhivery stock price skyrockets 7% as 1.8 crore shares of the internet logistics firm exchange hands in early trade. Key Points
FinancialexpressCarlyle to sell entire stake in Delhivery via block deal: Report
Under the proposed deal, Carlyle will sell about 1.84 crore shares or 2.53% stake in the company. The offer price is set at Rs 385.5 apiece, which is at a minor discount of 0.6% from the last traded price. Through the stake sale, Carlyle is likely to earn about Rs 709 crore. Key Points
Economic TimesPiramals to exit Shriram Finance, sell 8.3% stake
The development comes a day after TPG India Investments II sold its entire 9.92 million shares or 2.65% stake in the company. Key Points
Financialexpress
Govt may invite financial bids for privatising NMDC Steel after commissioning blast furnace this month
The government holds a 60.79 per cent stake in NMDC Steel Ltd, remaining 39.21 per cent stake is with the public. Key Points
mintWarburg Pincus sells 6.2% stake in Kalyan Jewellers for Rs 724 cr; Franklin Templeton, Nomura emerge buyer
The move sees it lower its holdings in the firm from 23.82% in March to 17.60% now. Domestic investors BNP Paribas Arbitrage and Franklin Templeton MF have ended up with a 1.63% and 0.84% stake respectively, while foreign investor Nomura has bought an 0.83% stake. Key Points
Economic TimesStocks in news: TVS Motor, CMS Info Systems, SBI, Punjab & Sind Bank, Blue Dart
Singapore-based Sion Investment Holdings, which is part of the promoter group, has offloaded nearly 13.7% stake in CMS Info Systems through bulk deals on Friday. Key Points
Economic TimesStocks in news: South Indian Bank, Coal India, HDFC Life, SAIL, Adani Green
South Indian Bank has finalised the candidates for the post of MD and CEO of the Bank. The lender will submit the application to the RBI seeking approval for the same. Key Points
Economic TimesGovt to sell up to 3% stake in Coal India via OFS
The government will offload about 9.24 crore shares, which represents about 1.5% stake through the OFS, and in the case of oversubscription, an additional 1.5% stake will be under sale. Key Points
Economic Times
Abrdn readies HDFC Life exit
Abrdn (formerly Standard Life Aberdeen Plc), through its subsidiary Abrdn (Mauritius Holdings) 2006 Ltd, owned a 1.7% promoter stake in HDFC Life as on 31 March. The Indian promoter HDFC Ltd owns a 48.65% in the private insurer. Key Points
mintGovt not to sell ITC stake in FY24
In February 2017, the government sold a 2% stake from SUUTI’s holding in ITC to mobilise about `6,700 crore. Thereafter, it hasn’t reduced much stake in the company. Key Points
FinancialexpressEverstone to exit Burger King
There were reports that Jubilant FoodWorks is also in the fray to acquire the stake. However, when contacted, the company said the rumours are baseless. Key Points
FinancialexpressHow Rekha, Rakesh Jhunjhunwala stake in favourite stock Titan fell sharply since 2016, rose again last FY
From March 2016 to March 2023, Rakesh and Rekha Jhunjhunwala's stake in Titan reached lows of 5.05% in March 2022. Key Points
Financialexpress'UK's first lady' Akshata Murty loses ₹500 crore in one day from Infosys woes
Rishi Sunak’s wife Akshata Murty owns a 0.94% stake in the Indian software giant co-founded by her father Narayana Murthy. The company nosedived Monday. Key Points
Hindustan Times
Tiger Global sells another 1.6% stake in Delhivery via open market for Rs 388 crore
Post the above mentioned 3 transactions, Tiger Globals holding has come down to a marginal 0.68%. This to an extent removes the overhang of any further selling by the foreign firm in the company. Key Points
Economic TimesLarge cap stock at a new 52-week-high level to pay 275% dividend soon, FII stake jump to 7.55% in Q3
With a market valuation of ₹71,976.80 Cr, ABB India Ltd. is a large cap company with operations in the industrial sector. Key Points
mintGovt proposes to sell up to 3.5% stake in defence firm HAL
So far, the government has mopped up 311.1 billion rupees by selling its shares in state-run firms as against its target of 500 billion rupees for the financial year ending March 31. Key Points
The Indian ExpressSingapore's Temasek pips KKR to buy Manipal Hospitals; valuation hits Rs 29,000 crore
Temasek Holdings has acquired a 59% stake in India's Manipal Health Enterprises for Rs 29,000 crore ($3.6bn), valuing the Indian hospital chain at the same amount, according to people with knowledge of the development. Temasek-owned Sheares Health initially held 18% of Manipal, with the additional 41% bought from existing investors and promoters. After the deal, existing Promoter Ranjan Pai & family's Manipal Health stake will be lowered to 30% while existing investor TPG's share is reduced to 11%. Key Points
Economic TimesBankers propose Italy's Treasury sells part of Eni stake, sources say
Several investment banks have approached Italy's Treasury with offers to help it sell part of its stake in Eni (ENI.MI), saying the group's current share buyback will allow Rome to reduce its holding without losing full control, sources said on Friday. Key Points
Reuters
Infosys cofounder Shibulal's son, daughter-in-law offload shares worth Rs 435 crore
Cumulatively, Shreyas and Bhairavi Shibulal sold 0.06% and 0.02% of their respective shareholding in Infosys, cofounded by Shibulal along with six others including Narayan Murthy and current chairman Nandan Nilekani. Key Points
Economic TimesPaytm shareholder Antfin to sell 3.6% stake via block deal - report
Paytm (PAYT.NS) shareholder Antfin is likely to sell a 3.6% stake in the Indian payments firm through a block deal on Friday as it further reduces its stake in the company, CNBC-TV18 reported on Thursday. Key Points
ReutersPromoter pledge in these 5 cos significantly down in FY23, stocks turn multibaggers
Several BSE500 companies, including Apollo Tyres, Jindal Stainless, NCC, Suzlon Energy, and CG Power and Industrial Solutions, saw their stocks turn multibaggers after a significant reduction in the pledge shares of promoters in the last four quarters. Lemon Tree Hotels also saw considerable fall in pledge shares. The efforts taken by corporates and promoters to deleverage balance sheets in recent years is one of the major factors that has put India in a better position compared to its emerging market peers. Indias major transformation includes Make in India, GST, digitalization, new bankruptcy law, and a sharp decline in corporate balance sheet leverage. Key Points
Economic TimesGQG buys 17.1 million shares of Ambuja Cements via block deal
Adani Group's Holderind Investments sold approximately 68 million shares. Following the transaction, Ambuja's stock initially jumped 4%. The Adani Group now holds a 70.33% stake. Recently, Ambuja enhanced its market share by acquiring Penna Cement, broadening its influence in southern India. Key Points
Economic TimesSoftBank may offload $135-million worth stake in Zomato via block deal: Report
SoftBank has been gradually paring stake in Zomato post the lock-in for Blinkit deal ended in August. As of June end, the Japanese investor, through its affiliate, held 3.35%, which came down to 2.17% in September. Key Points
Economic Times
Stocks to Watch: SBI, LTIMindtree, SAMIL, SpiceJet, Dabur, M&M
FIIs extended their buying spree for five consecutive trading sessions on Tuesday, however, DIIs selling widened. FIIs infused more than ₹2,134 crore in Indian stocks when the US market will be closed. Traders' sentiment has remained optimistic in domestic equities. Key Points
mintIndiGo co-founder's family likely to sell stake worth up to $909.6 mn
The family of IndiGo's co-founder Rakesh Gangwal is likely to sell between 5-8% stake in the Indian airline's parent InterGlobe Aviation Ltd , worth upto 75 billion rupees ($909.58 million). The Gangwal family will likely sell stake in block deals when the lock in for shares open on July 15, the report said. Key Points
Economic TimesGovt to sell up to 3.5% stake in Hindustan Aeronautics via OFS
the government holds 75.15% stake in Hindustan Aeronautics or HAL The floor price for the HAL stake sale is set at Rs 2,450 rupees apiece, at a discount of 6.7% to Wednesday's close. Key Points
Economic TimesGovt's HZL stake sale only after clarity on proposed global asset transfer; unlikely this fiscal
So far in the current fiscal, the government has mopped up Rs 31,107 crore from stake sales in CPSEs. It was planning to sell its 29.54 per cent in HZL to meet the revised target. Key Points
Economic TimesBurmans get CCI approval to buy stake in Religare
The Competition Commission of India approves the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, along with a subsequent open offer for an additional 26% stake. Key Points
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