Vishal Mega Mart‘s promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block deal. The shares are likely to be sold at a price of Rs 115 apiece, which implies a 10% discount from today’s closing price, according to ET Now report. Samayat Services held 54.09% (252.74 crore)…
SBI Mutual Fund on Monday divested a 2.43 per cent stake in gaming and e-sports company Nazara Technologies for Rs 216 crore through open market transactions. According to the bulk deal data available on the stock exchanges, SBI Mutual Fund (MF) offloaded 45.09 lakh shares of Nazara Technologies on the NSE, while it sold 45…
Ola Electric founder and promoter Bhavish Aggarwal has sold another 4.2 crore shares of the company through open market transactions on Wednesday, extending a series of stake sales that have unsettled investors and pushed the stock to fresh lows. The latest transaction, executed today, involved shares worth Rs 142 crore. This comes a day after…
Usha Martin‘s promoter entity Peterhouse Investments India Limited sold 23 lakh shares in the company via block deal on Friday. The deal size stood at Rs 99 crore. Meanwhile, the buyers were Morgan Stanley Bandhan Mutual Fund and 3P India Equity Fund. Morgan Stanley bought shares worth Rs 26 crore via its affiliate Morgan Stanley…
Indian conglomerate Adani Enterprises’ unit sold shares worth 25 billion rupees ($278.9 million) in AWL Agri Business via bulk deals, data from exchanges showed on Friday. Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed that…
New Delhi, PB Fintech‘s co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech’s chief executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 per cent stake in the company. PB Fintech…
New Delhi, Mumbai-based True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for Rs 879 crore through an open market transaction. Private equity firm True North, through its affiliate Threpsi Care LLP, offloaded 46.27 lakh shares or 7.27 per…
New Delhi, SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, BofA Securities and Barclays Merchant Bank (Singapore) were also among the buyers, as per block…
Shares of Kiri Industries Ltd crashed 11% on 30 May after the company signed a Share Purchase Agreement (SPA) with Zhejiang Longsheng Group to sell its 37.57% stake in DyStar for a base price of $676.26 million. At the current currency rate, this amount is around Rs 5,765 crore, which is larger than the company’s…
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%…