US-based private equity firm Warburg Pincus sold its partial stake in IDFC First Bank through block deals on Thursday. Warburg Pincus, through its affiliate Dayside Investment, offloaded 9.17 crore shares or 1.3% in the private sector lender. The transaction was done at Rs 86.1 apiece, taking the deal value to Rs 790 crore. It is … Read more
Promoter Abrdn has sold its entire stake in HDFC AMC through block deal on Tuesday and earned about Rs 4,079 crore. According to the block deal data available with the exchanges, Abrdn has sold 2.18 crore shares or 10.2% stake in the company at Rs 1,873 apiece. Further, data showed that prominent investors lapping up … Read more
Private investment firm Bain Capital has sold partial stake in private lender Axis Bank via block deal on Thursday, while many domestic and foreign funds lapped up the shares. According to block deal data available with the exchanges, Bain Capital has sold 2.25 crore shares or 0.7% stake in the lender at a weighted average … Read more
Listed bourse BSE on Wednesday sold a 4.54% stake in Central Depository Services (India) (CDSL) through a block deal to meet market regulator Sebi norms. According to NSE block deal data, BSE sold 47.44 lakh shares for Rs 468 crore at Rs 985.98 apiece. BSE held 20% of the total equity shares of CDSL as … Read more
Franklin Templeton Fund has picked up about 0.5% stake in Devyani International through a block deal on Tuesday. Franklin’s India Flexi Cap Fund has bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at an average price of Rs 145 per share. Franklin Templeton Fund has picked … Read more
“This is a complete bolt out of the blue that I was not aware of. We have absolutely no business association with Minda. In fact, they are our competitors and yes so this has come as a bolt from the blue, yes. And I do not know how much of a credence to give to … Read more
NEW DELHI: Infosys co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction. Shibulal bought over 7.53 lakh shares at an average price of Rs 1,327 per share, valuing the transaction at Rs 100 crore, BSE block deal data showed. “We are hereby informing … Read more