Axis Bank approves raising of funds by stake sale
Axis Bank’s board, has approved stake sale to Bain Capital and other investors to raise capital, by issue of equity linked securities on a preferential basis....
Tag : stake
Qatari investor to divest stake in Bharti Airtel
A Qatari investor is planning to sell 5% stake in Bharti Airtel for approx Rs.95 billion. According to a deal term sheet, Three Pillars Pte, an...
BNP Paribas Arbitrage sells stake for Rs.82 cr in Apollo Tyres
BNP Paribas Arbitrage sells over 34 lakh shares for Rs.82.17 crore of Apollo Tyres via an open market transaction. As per the data available with NSE, BNP...
Mahindra group, Kedaara to divest stake in Mahindra Logistics IPO
The Mahindra group and Kedaara Capital will divest 13.5% of their respective holding in Rs.830 crore Mahindra Logistics (MLL) initial public offering (IPO). According to...
Government plans to lower its stake in 8 PSBs
Government is in the process of lowering its stake in public sector banks (PSBs) below 75%, for complying with SEBI’s norm of minimum public shareholding...
IFCI sold 24% stake in TFCI for Rs.290 cr
IFCI, term lending financial institution,sold 24% of its stake in Tourism Finance Corporation Of India (TFCI) for Rs.290 crore. The company in total had 26%...
IDBI Bank sold 1% stake in SIDBI
IDBI Bank stated, it has sold 1% stake in Small Industries Development Bank of India(Sidbi), without disclosing the amount,for mobilizing funds by exiting non-core business....
LIC lowers stake in Raymond by 2.01%
The Life Insurance Corporation (LIC) has lowered its stake in textile and apparel major Raymond by 2.01 percent by selling 12.37 lakh shares in the...
Norwest Ventures sold 9.3% stake in Thyrocare for Rs 335 cr
Norwest Venture Partners, a venture capital firm, has offloaded 9.3 percent stake in diagnostics chain Thyrocare Technologies for an estimated over Rs 335 crore through...
IFCI is going to sell 26.09% stake in TFCI
IFCI is going to sell its entire 26 percent stake in Tourism Finance Corporation of India (TFCI). BN Nayak, CFO&ED of IFCI has said that...