Early investor Banga to sell 2% in Nykaa – Times of India
MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs…
Sebi rule: UltraTech must sell 7% in India Cements – Times of India
CHENNAI/MUMBAI: India Cements' new promoter, UltraTech Cement, will need to sell about 7 per cent of its stake, worth over Rs 667 crore, to meet the minimum public shareholding rules…
Hyundai Motor exits Ola Electric with 552 crore stake sale; Kia also offloads shares – Times of India
South Korean auto major Hyundai Motor Company has fully exited Ola Electric Mobility, selling its entire 2.47% stake for Rs 552 crore through an open market transaction on Tuesday.As per…
British American Tobacco trims ITC stake by 2.5% in Rs 12,941 crore deal to boost financial flexibility – Times of India
British American Tobacco Plc (BAT) on Wednesday divested a 2.5 per cent stake in Indian conglomerate ITC Ltd for Rs 12,941 crore through open market transactions, reducing its shareholding in…
Nazara to raise Rs 495 crore through 5.4% stake sale to Axana Estates – The Times of India
Nazara Technologies announced on Monday its plans to secure Rs 495 crore through a 5.4% stake sale to Axana Estates, an entity established by the company's current investors. The entity…
Adani group to exit Adani Wilmar, sell stake to raise over $2 billion – Times of India
NEW DELHI: Adani group on Monday announced its complete exit from the FMCG joint venture Adani Wilmar, selling its entire stake to Singapore-based partner Wilmar International and through the open…
Tata trims Upstox stake, ‘23,000% gain’ over 8 years – Times of India
MUMBAI: Tata Sons chairman emeritus Ratan Tata has sold a 0.06% stake in brokerage platform Upstox for approximately $2 million (about Rs 18 crore), generating a "23,000% return on his…
US fund Warburg Pincus sells 6.5% in Kalyan Jewellers for Rs 3,584 crore – Times of India
NEW DELHI: Private equity major Warburg Pincus on Thursday sold a 6.45% stake in jewellery retailer Kalyan Jewellers for Rs 3,584 crore via open market transactions. Meanwhile, the Singapore govt,…
Bill introduced to allow up to 4 nominees in bank a/c – Times of India
NEW DELHI: Govt on Friday introduced a bill to amend banking laws, which includes changes to nomination facility to make it more consumer-friendly, but left the floor on its holding…