Stake Sale

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Stake Sale - Total results - 147
Govt raises Rs 11,500 crore from strategic sale of two state-run power companies to NTPC
Business

Govt raises Rs 11,500 crore from strategic sale of two state-run power companies to NTPC

The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to NTPC

Apollo Hospitals' promoter family divests 3.6% stake in healthcare major to pare debt
Business

Apollo Hospitals' promoter family divests 3.6% stake in healthcare major to pare debt

The promoter family of Apollo Hospitals on Thursday said it has divested 3.6 percent stake in Apollo Hospitals Enterprise Limited (AHEL) through a bulk deal in order to bring down the overall debt

Religare Enterprises shares surge 10% on stake sale in subsidiary to TCG Advisory Services
Business

Religare Enterprises shares surge 10% on stake sale in subsidiary to TCG Advisory Services

Shares of Religare Enterprises on Thursday surged nearly 10 percent to hit the upper circuit limit a day after the company announced divestment of stake in its subsidiary to TCG Advisory Services

Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale
Business

Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale

Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.

Jet Airways crisis: Founder Naresh Goyal likely to submit bids today for stake in cash-strapped airline
Business

Jet Airways crisis: Founder Naresh Goyal likely to submit bids today for stake in cash-strapped airline

Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for a stake in the airline on Thursday, sources said

Jet Airways shares trade marginally lower in morning session as lenders prepare to invite bids for stake sale in ailing airline
Business

Jet Airways shares trade marginally lower in morning session as lenders prepare to invite bids for stake sale in ailing airline

Recouping early losses, shares of Jet Airways were trading marginally lower Friday morning as lenders prepare to invite bids for stake sale in the ailing airline

Reliance Capital claims stake sale to halve debt by around Rs 12,000 cr over next three to four months
Business

Reliance Capital claims stake sale to halve debt by around Rs 12,000 cr over next three to four months

Reliance Capital on Thursday claimed that it is hopeful of pairing its debt by around Rs 12,000 crore over the next three to four months, by when it expects to complete the stake sale in Reliance Nippon Life Asset Management and Reliance General Insurance

Emami promoters sell 10% stake for Rs 1,600 cr to SBI MF, L&T MF, PremjiInvest, others
Business

Emami promoters sell 10% stake for Rs 1,600 cr to SBI MF, L&T MF, PremjiInvest, others

The Emami Group on Monday said its promoters have sold 10 percent stake in the flagship firm Emami Ltd for around Rs 1,600 crore

LIC-IDBI deal: IRDAI to set timeline for insurance behemoth to cut stake in state-owned bank to 15%
Business

LIC-IDBI deal: IRDAI to set timeline for insurance behemoth to cut stake in state-owned bank to 15%

The permissible limit for insurance companies to hold a stake in any listed entity is 15 percent at present.

LIC-IDBI deal: Insurance board to meet today to decide on 51% stake hike plan, timeline, strategy
Business

LIC-IDBI deal: Insurance board to meet today to decide on 51% stake hike plan, timeline, strategy

In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.

L&T Infotech stock falls over 3% as promoter proposes to offload stake in the company
Business

L&T Infotech stock falls over 3% as promoter proposes to offload stake in the company

L&T proposed to sell up to 59 lakh equity shares representing 3.41 percent of the total paid up equity share capital of Larsen & Toubro Infotech, with an over subscription of 46.28 lakh equity shares representing 2.67 percent though stock market route on Monday and Tuesday

ONGC board approves exiting Pawan Hans; to sell entire 49% stake to cut debt, consolidate resources
Business

ONGC board approves exiting Pawan Hans; to sell entire 49% stake to cut debt, consolidate resources

Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51 percent government stake that is already on offer for sale, they said.

IDBI Bank-LIC stake deal: Bank employees' union asks govt to retain at least 51% stake
Business

IDBI Bank-LIC stake deal: Bank employees' union asks govt to retain at least 51% stake

Opposing the probable majority stake sale by the government in IDBI Bank to LIC, bank union AIBEA has asked the Centre not to go back on its commitment on the debt-laden bank, and retain at least 51 percent stake

Bhushan Steel reclassifies its erstwhile promoters as public shareholders after takeover by Tata Steel
Business

Bhushan Steel reclassifies its erstwhile promoters as public shareholders after takeover by Tata Steel

Bamnipal Steel Limited, a wholly-owned arm of Tata Steel Ltd, is the sole promoter of Bhushan Steel, holding 72.65 percent of the paid-up share capital of the company, the steel maker said in a filing to BSE.

DMart owner Avenue Supermarts' shares drop after promoter Radhakishan Damani decides to sell up to 1% stake
Business

DMart owner Avenue Supermarts' shares drop after promoter Radhakishan Damani decides to sell up to 1% stake

Shares of Avenue Supermarts plunged over 5 percent on Friday as Radhakishan Damani, the promoter of the company, will sell up to 1 percent stake in the firm.

Tata Power board approves stake sale in Tata Communications, Panatone Finvest
Business

Tata Power board approves stake sale in Tata Communications, Panatone Finvest

Tata Power on Monday said that its board has approved the sale of company's stake in Tata Communications and Panatone Finvest to Tata Sons and its affiliates, subject to shareholders approval

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
Business

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19

The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.

Air India privatisation: Cabinet allows foreign airlines to buy up to 49% stake in national carrier
Business

Air India privatisation: Cabinet allows foreign airlines to buy up to 49% stake in national carrier

A ministerial group, Air India-specific Alternative Mechanism, headed by Finance Minister Arun Jaitley is looking into the modalities to divest loss-making airline