Future Supply shares rise as CCI approves 22% stake acquisition by Nippon Express
The shares appreciated 5.98 per cent to Rs 529 on the NSE.
Qatar Investment Authority picks 25% stake in Adani Transmission arm for Rs 3,200 crore
Adani Electricity Mumbai Limited is a wholly owned su...
IDBI Bank to sell up to 49% stakes in 2 subsidiaries
IDBI Bank said it will retain controlling stake in the subsidiaries with itself.
Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
Pune-based startup Squats acquires minority stake in Fitato
Squats was recently selected for Y Combinator, a US-based startup accelerator that has helped companies line Airbnb, Cleartax, Dropbox and others step up business operations.
Advent, Bain, GIC in talks to sell stake in Quest Global
Investors together own around 30% in co; a deal may fetch them over two-fold return
Canara Bank to dilute 30% stake in Can Fin Homes in next 10 days
It added that numerous PE players have submitted bids and Baring was a lead bidder.
Allcargo Logistics buys controlling stake in Gati
The all-cash deal will see the company eventually acquiring about 45% in Gati through a direct purchase of the promoters’ stake and a subsequent open offer. It values the company at about Rs 1,000 crore. Allcargo is funding this deal through a mix of internal accruals and debt. Internal accrual is through monetisation of non-core assets including land parcels.
Radhakishan Damani may look to raise Rs 5,870 crore via stake sale
Damani looks to pare his stake in India’s largest listed retail chain by selling 5.2% stake.
Allcargo plans to acquire up to 50% stake in Gati
Gati’s promoters owned 17.78 per cent in the company as of September end.
Sebi orders LIC, SBI, Bank of Baroda to reduce stake to below 10% in UTI AMC
UTI AMC is promoted by four public sector financial institutions as sponsors -- State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank.
Cut stake to below 10% immediately, Sebi tells three UTI AMC investors
Sebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.
SP Group sells quarter of its TCS holding
The TCS share-sale is part of SP’s asset monetisation plan to pare its Rs 30,000-crore debt.
Advent, Temasek to sell 26% stake in CG Consumer
The global investors, which together hold 34.36 per cent stake in the firm, will be diluting roughly 26 per cent of their holding through the block deal.
Coffee Day Group likely to call for bids to sell majority stake in Sical
CDEL is exploring options to get the best value for each of the group’s operational businesses.
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