NEW DELHI: Foreign institutional investors or FIIs are estimated to have splurged about Rs 44,700 crore in 9 stocks during the December quarter. The shopping list is dominated by bank stocks – , and YES Bank. During the quarter, FIIs nearly doubled their shareholding in retail favourite YES Bank from 12.15% to 23.24%. Calculations done … Read more
UK-based private equity firm Apax Partners sold 4.3% stake in Ltd through the open market on Friday, according to the data on exchanges. With this, the private equity firm has brought its stake to negligible levels in the non-bank finance company. The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, … Read more
Mumbai: Private equity firm Apax Partners is likely to sell its entire stake in through a block deal on Friday, according to a person in the know. Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company. The deal, valued at … Read more
New Delhi: Kotak Institutional Equities (KIE) remains positive on Shriram Transport Finance Company Limited (STFCL), which now will be known as Shriram Finance Limited (SFL). The company, in its regulatory filing with exchanges on Thursday, said it has changed its name to Limited from Limited from November 30. In its report, Kotak Institutional Equities said … Read more