Share Sales

Promoters, strategic investors mop up over Rs 33,000 cr via share sales; Adani sale in four group firms to GQG Partners alone tops Rs 15,000 cr

Santa Clara-based SVB Financial Group announced that it sold $21 billion of securities from its portfolio. SVB Financial Group also said it was holding a $2.25 billion share sale to shore up finances

Watchdog looks to clear air for allowing investment bankers to buy unsubscribed portion of a share sale

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week. Officials confirmed that the statement has been issued in the wake of the Adani matter only. "As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks. "This mechanism gets automatically triggered under certain conditions of price volatility in any stock," the Securities and Exchange Board of India (Sebi) said. Stock exchange

The withdrawal of Adani Enterprises' share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years

The fully subscribed offering removes one overhang for India's $3.2 trillion stock market, which recently dropped out of the world's five biggest by value

The FPO will open for subscription on January 27 and close on January 31, while the anchor investor's portion will be open a day earlier, the company said

Paytm's stock fell as much as 8.8% to 528 rupees in afternoon trading, and was last down 5.8% as of 2:37 p.m. IST

Private equity player TPG Growth on Friday sold shares of e-commerce beauty company Nykaa for more than Rs 1,000 crore. As many as 5.42 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were offloaded at a price of Rs 184.55 apiece through a block deal, as per data from the National Stock Exchange (NSE). The total value of the transaction is a little over Rs 1,000 crore, the data showed. These shares were acquired by various entities, including Societe Generale, HSBC Indian Equity Mother Fund and Goldman Sachs (Singapore) Pte, among others. The stock of Nykaa, which got listed last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. Shares of the company rose more than 3 per cent to close at Rs 192 apiece on the NSE on Friday.

The offering would be aimed at helping employees and shareholders cash out, two of the sources said

Analysts advice investors to stay away from longer-duration funds yet, or consider a staggered plan

The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said

The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units, could consider share swap ratios.

Price discovery estimates insurer's value at around Rs 7 trillion

The domestic market remained in the red for the second straight session after witnessing a massive sell-off on Friday

LIC IPO: LIC could be valued between Rs 11 trillion and Rs 12 trillion

Saudi Arabia would raise funds off its biggest asset, and use them to develop new industries

On the BSE, it sold 1.72 crore units at an average price of Rs 101

Kayak Investments Holding, one of the promoter entities of Max Healthcare Institute Ltd, on Wednesday sold 84.4 million shares of the company for Rs 2,956 crore through open market transactions

UBS Principal Capital Asia Ltd on Friday sold Axis Bank's shares worth nearly Rs 255 crore through an open market transaction