MUMBAI – Three global funds namely Peak XV Partners (formerly Sequoia Capital), TPG Asia and Matrix Partners have sold partial stakes in Five-Star Business Finance, aggregating up to Rs 1,656 crore through bulk deals on Friday. TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or … Read more
Private equity firm TPG Investments has sold its entire stake in Shriram Finance through its India arm via open market transactions on Monday. According to bulk deal data available with the exchanges, TPG India Investments has offloaded about 99.18 lakh shares or 2.64% stake in the company. The transaction was done at a weighted average … Read more
Norwegian Government Pension Fund Global has bought a stake in Bajaj Electricals via open market transactions on Wednesday. Government Pension Fund Global already holds 1.30% stake in the company, according to the latest shareholding pattern available with the exchanges. The fund has bought about additional 20 lakh shares or 1.73% stake in the company today … Read more
US-based GQG Partners, which has invested in the crisis-ridden Adani group, has sold its part stake in HDFC Asset Management Company (AMC) through open market transactions on Monday. GQG Partners has sold about 24.7 lakh shares or 1.16% equity in the company for nearly Rs 397 crore. The deal was executed at an average weighted … Read more