PE firm TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore. Marquee funds, including Edelweiss MF, … Read more
Warburg Pincus, through its subsidiary White Iris Investment, has sold its entire stake in Apollo Tyres through block deals on Wednesday. The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares in the transaction at Rs 477.35 apiece, taking the deal value to around Rs 1,072 crore. Marquee funds, including Goldman Sachs, … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
The week went by, saw Nifty50 ending with decline of over 2.1% on the weak-on-weak basis. However, it was not without action as over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 27,527 crore on screen which included both buying and selling action. In the large cap segment, … Read more
MUMBAI: Rakesh Gangwal, the outgoing promoter of leading domestic airlines InterGlobe Aviation that operates under IndiGo brand, is selling 3.3% stake in the company through block deals on Monday that could fetch him about Rs 3,730 crore (about $450 million). Gangwal plans to sell a little less than 1.3 crore shares of Indigo at a … Read more
Mumbai: The deal value in the Indian equity capital markets (ECM) experienced a remarkable 66% surge, reaching a high of ₹2.18 lakh crore ($26 billion) in the calendar year 2023 from ₹1.31 lakh crore ($16 billion) in the previous year, according to data from Bloomberg. The number of deals also saw a significant 66% increase, … Read more
Oil And Natural Gas Corporation. Share Price 203.20 04:05 PM | 20 Dec 2023 2.90(1.44%) Tata Consumer Products. Share Price 976.30 04:05 PM | 20 Dec 2023 10.15(1.05%) Britannia Industries. Share Price 4954.95 04:05 PM | 20 Dec 2023 43.70(0.88%) HDFC Bank. Share Price 1657.00 04:05 PM | 20 Dec 2023 4.10(0.24%) Cipla. Share Price … Read more
The week gone by saw Nifty50 ending with gains of over 4% riding on the Bharatiya Janata Party’s (BJP) victory in three key states in the Hindi heartland. Significantly higher week-on-week (WoW) action in terms of prominent block deals was witnessed over the five sessions where more than three dozen listed companies reported sizable deals … Read more
Mumbai: Stock turnover in India’s cash market hit a 22-month high in August, reflecting the impact of a broad-based rally that drew in many fence sitters. Multiple block deals and a raft of mid-sized public offerings also garnered funds from savers, boosting trade volumes. The combined average daily cash market turnover on the NSE and … Read more
The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the … Read more