Page 9 - Stake Sale

Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block

The government owns a 26 per cent stake in Tata Communications

Govt sells stake in Tata Communications, OFS fully subscribed

The offer for sale will fetch the government about Rs 5,500 crore.

Tata Communications OFS opens Tuesday for institutional investors

The sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore.

Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.

AAI to offload residual stake in Bangalore and Hyderabad airports

Sale of 13% stake in each may fetch Rs 3,000 crore

Govt to sell 16.12% stake in Tata Comm through OFS, rest to Tata Sons arm

The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing

BPCL tanks 6% after BPCL Trust offloads up to 7% stake in firm

The company's board has approved the sale of BPCL equity shares which are held by the BPCL Trust for Investment in shares through accelerated book built offering

Stake sale at premium valuations a positive for Adani Ports

In addition to volume gains, lower pledges and acquisitions such as Concor would be new triggers

Mahindra sells its entire stake in First Choice Services to TVS Automobile

It has also sold its entire stake of optionally convertible redeemable preference shares in Auto Digitech, a wholly-owned arm of Mahindra Holdings for Rs 13.5 crore to TVS

V-Mart Retail raises Rs 375 cr from qualified institutional buyers

V-Mart Retail on Wednesday said it has raised Rs 374.99 crore

HDFC Ltd signs agreement to sell 24.48% stake in Good Host for Rs 232.81 cr

HDFC had acquired 25.01 per cent stake in Good Host in August 2018 for Rs 69.5 crore

Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr

Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner

French energy group Total buys 20% stake in India's Adani Green Energy

Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL

SAIL OFS subscribed over 5 times; govt to get Rs 2,664 cr from stake sale

The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India's largest steelmaker SAIL through an offer for sale (OFS)

Indiabulls Housing Finance in talks with PEs to sell 15-20% stake

Investor to become single-largest shareholder; Sameer Gehlaut likely to step down as promoter

SAIL OFS oversubscribed 3.6 times on day one; govt to use greenshoe option

The government's sale of its 5 per cent shareholding in India's largest steelmaker SAIL was over-subscribed 3.6 times on the first day of its opening

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

RInfra completes stake sale in PKTCL to India Grid for Rs 900 crore

The proceeds will be utilised for debt reduction, and the company''s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore

PSUs divestment: The act of setting ambitious targets and falling short

The current fiscal year (2020-21) for divestment has been challenging, with the Covid-19 pandemic having dragged the markets to record lows

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels