SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology platform engaged in the business of providing services related to tours and travel. A total of 44.72 lakh…
Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent…
Block and bulk deals are significant transactions that take place on stock exchanges. Block deals are executed through a special trading window that is not visible to all market participants, and they involve a large number of shares being bought or sold by institutional investors or large traders at an agreed-upon price. On the other…
Morgan Stanley was among the marquee investors to buy Cyient DLM stake as Cyient offloaded 14.5% stake in a Rs 879 cr bulk deal. Promoter Cyient Ltd on Wednesday sold a partial stake in its listed subsidiary Cyient DLM through bulk deal. According to exchange data, Cyient has offloaded about 1.14 crore shares or 14.5%…
New Delhi, Hong Kong-based Olympus Capital Asia on Friday divested a 9% stake in Hospital chain Aster DM Healthcare for Rs 1,530 crore through open market transactions. Investment firm Olympus Capital Asia, through its arm Olympus Capital Asia Investments, offloaded shares of Dubai-based Aster DM Healthcare on BSE. According to the bulk deal data available…