Shareholding

Bessemer India Capital sells 7.75% stake in Home First Finance for Rs 467cr

Bessemer India Capital Holdings II on Thursday divested 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction. Fidelity Funds - Asian Smaller Companies Pool and Nomura Trust and Banking Co. Ltd bought a total of 11.93 lakh equity shares of the company. Bessemer India Capital Holdings II is an affiliate of US-based venture capital company Bessemer Venture Partners. According to the bulk deal data available with the National Stock Exchange (NSE), Bessemer India Capital Holdings II sold a total of 68,11,313 shares, amounting to 7.75 per cent stake in the company. The shares were disposed at an average price of Rs 686.07 apiece, taking the transaction value at Rs 467.30 crore. As of December quarter, Bessemer had owned 7.75 per cent stake in the company, shareholding data with the bourse showed. Shares of Home First Finance Company India plunged 7.97 per cent to close at Rs 678.90 per piece on the NSE. In another transaction

Decoded: What exactly is a public float and why is it so important?

Shares held by non-promoters are called public float or public shareholding

When shareholders don't buy the numbers

Last month, the resolution to approve the accounts of a direct-to-home service provider was defeated for third time. Regulations need to provide direction regarding the way forward in such instances

IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'

At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.

State-run firms to remain exempt from public shareholding norms: Govt

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said

Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules

Company promoters bought shares even when they held more than 75 per cent

No restrictions on RRPR Holding for warrant conversion, says I-T dept

In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax

Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report

The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation

LIC cuts stake in M&M to 6.42% from 8.43%, garners Rs 2,222 crore

Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing. After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore. Under Sebi norms, listed companies are required to intimate the stock exchanges when their shareholding in an entity changes by 2 per cent or more. On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of Mahindra and Mahindra fell 0.46 per cent to Rs 1,269 apiece.

Sebi comes out with new format for disclosure of shareholding patterns

With an aim to provide further clarity and transparency in the disclosure of shareholding pattern to investors, Sebi on Thursday came out with a new format for disclosing shareholding patterns

BoI to raise capital up to Rs 2,500 cr to comply with shareholding norm

Bank of India said the capital is to be raised during the period of one year from the date of passing of the resolution in one or more tranches.

How changes in FPI shareholding swayed stock prices in March quarter

594 companies in which FPIs hiked their stake saw an average stock price increase of 2.3%, while 689 firms in which they decreased their stake saw an average price decline of 2.7%

Fino Payments Bank promoters vote against reappointing chairman, others

The resolution to reappoint Mahendra Kumar Chouhan and Punita Sinha was voted down by 80% of shareholders of Fino Payments Bank, which included 100% of the promoter group

Trell in final stages of selling stake in AppsForBharat in $8-9 mn deal

AppsForBharat is a spiritual content platform founded by Prashant Sachan, one of the co-founders of Trell, who left the social commerce company at the end of 2020

LIC shareholding in listed companies drops to lowest in over a decade

Total number of firms in which it owns over 1% has also fallen

Metlife to hike its stake in PNB Metlife to 47.32% in Rs 1,906 cr deal

Signs share purchase agreement with IGE (India) Pvt Ltd and Elpro International Ltd to acquire their combined holding of 15.27% in PNB MetLife India Insurance

Bajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM

Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM

Ashish Kacholia's latest stock bet has rallied 148% in past 3 months

Kacholia held 153,402 equity shares, representing a 1.13 per cent stake in AWL at the end of Q1FY22

Jhunjhunwala trims stake in Titan, 2 others in Q4; buy Fortis Healthcare

During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company

Cash-rich companies may step up payouts to shareholders: Analysts

Bajaj Auto will distribute up to 90 per cent of its annual profit as dividend