stake sales

Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts

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Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts

The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation. Sizeable block deals … Read more

SBI, PNB, Bank of Baroda, other PSU banks on fund-raising spree; may sell shares this year for capital

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SBI, PNB, Bank of Baroda, other PSU banks on fund-raising spree; may sell shares this year for capital

QIP is a way for listed companies to raise capital without having to submit legal paperwork to market regulators. In an effort to raise capital amid the disruptions led by the coronavirus pandemic, five large PSU banks may sell shares to institutional investors later in this fiscal year. SBI, PNB, BoB, and UBI are among … Read more