Yes Bank stake $5 billion sale: First Abu Dhabi Bank PJSC among potential buyers
Mumbai: First Abu Dhabi Bank PJSC is among the potential buyers for a stake valued at approximately $5 billion in India's Yes Bank Ltd, Bloomberg reported citing sources familiar with the situation.
Vodafone sells 18% stake in Indus Towers for 1.7 billion euros
Mumbai: British telecom company Vodafone announced on Wednesday that it has sold an 18 percent stake in Indus Towers for 1.7 billion euros (approximately Rs 15,300 crore), reported media.
Canara Bank to dilute 14.50% stake in Canara HSBC Life Insurance Company via IPO
Mumbai: Public sector lender Canara Bank has approved a proposal to dilute a 14.50 percent stake in its insurance subsidiary, Canara HSBC Life Insurance Company, via an initial public offering (IPO), the bank announced on the exchanges on May 31.
SoftBank offloads 2% stake in Paytm for Rs 980 cr
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
SoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr
Mumbai: VF Growth (Singapore) Pte Ltd, the venture capital fund affiliated with Japan's Softbank, has completed its exit from food delivery company Zomato, through open market transactions conducted on Friday, media reports said.
Tata Motors to sell 9.9% stake in IPO-bound subsidiary Tata Technologies
Mumbai: Tata Motors Limited (TML) is divesting a 9.9 percent stake in its IPO-bound subsidiary, Tata Technologies (TTL), for Rs 1613.7 crore as part of its strategy to reduce debt.
Govt to sell 4.92% stake in SJVN via OFS
New Delhi: The government is set to divest a 4.92% stake in SJVN through a two-day offer for sale, with a floor price of Rs 69 per share.
Tata Group in talks to buy 51% stake in Haldiram's: Report
New Delhi: Tata Group is likely to compete directly with Pepsi and billionaire Mukesh Ambani's Reliance Retail as the conglomerate’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram's, Reuters reports said.
SoftBank to sell 1.17% stake in Zomato for Rs 940 cr: Report
Mumbai: SoftBank Vision Fund (SVF Global) is reportedly planning to sell a 1.17 percent stake in food delivery giant Zomato for Rs 940 crore (approximately $126 million) through a block deal, media reports said.
Govt mulls stake sale in Indian Railway Finance Corp through OFS route: Report
New Delhi: The government is considering selling a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) during the current fiscal year through an offer for sale (OFS), a report in the media said.
Centre to offload 3% stake in Coal India via OFS route
Mumbai: The Centre has decided to offload a 3 percent stake in state-owned miner Coal India Ltd (CIL) through an offer for sale, starting June 1, media reports said.
Poonawalla Fincorp announces sale of its housing subsidiary to TPG for Rs 3,900 cr
Mumbai/IBNS: Poonawalla Fincorp said the company’s board has approved the sale of its housing subsidiary to focus on building a tech-led and digital-first financial services company, with leadership in consumer and MSME financing.