Stake Sale

Friday, Apr 19, 2024 | Last Update : 07:39 AM IST

Jio Platforms — which is set to offer a wide range of services from music streaming to online retail and payments — is expected to use its 388 million mobile phone subscribers as the cornerstone of an e-commerce and digital services business to rival Amazon and Walmart’s Flipkart. Jio has become Reliance’s growth engine, combining with the company’s fast-growing retail arm to help in offsetting the decline in oil and petrochemicals. (Photo | AFP)

Google invests Rs 33,373 crore in Jio for 7.7 pc stake

With this deal, Reliance has sold 32.84 per cent stake in Jio Platforms Ltd and has raised a total of Rs 1,52,055.45 crore.

15 Jul 2020 4:21 PM

This is the second time in less than two years that the government has come out with proposal for selling stake in Air India. (Photo: File)

Government to sell 100 perr cent stake in Air India

Deadline for expressions of interest by bidders is March 17.

27 Jan 2020 10:11 AM

As many as 255.03 crore shares of face value Rs 2 each were sold, with Rana Kapoor and his family-owned entities -- Yes Capital (India) Private Ltd and Morgan Credits Private Ltd-- netting Rs 510.06 crore from the stake sale.

Rana Kapoor, his two entities sell 2.16 pc stake in Yes Bank for Rs 510 cr

YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank was pledged.

01 Oct 2019 4:10 PM

Suzlon has been in talks with investors like Brookfield for a stake sale. (Photo: PTI | Representational)

Suzlon defaults on USD 172 million bonds, may offload stake

The outstanding payment was part of a total bond issuance of 546.91 million dollars.

17 Jul 2019 11:04 AM

In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.

No proposal with Irdai for 10 per cent stake sale in Max Life to Axis bank: MFS

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.

09 Jul 2019 3:38 PM

Former Jet Airways chairman Naresh Goyal.

Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 Apr 2019 1:13 PM

Many lessors have taken possession of planes after the airline failed to pay rents. (Photo: Twitter | @jetairways)

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 Apr 2019 11:15 AM

Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company. (Photo: AFP/File)

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet’s lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

08 Apr 2019 1:08 PM

Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore.

PNB's stake sale in housing finance arm 'credit positive': Moody's

Upon completion of the sale, PNB will retain a 19.8 per cent stake in PNB Housing Finance worth around Rs 3,000 crore.

08 Apr 2019 11:26 AM

The bids have to be submitted by April 10. (Photo: Twitter | @jetairways)

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

08 Apr 2019 9:52 AM

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Jet airways lenders meet, intend to pursue bank-led resolution plan for sale of stake

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

05 Apr 2019 9:34 AM

The insurer said in a regulatory filing on Monday that Standard Life (Mauritius Holdings) 2006 Ltd, one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.

HDFC Life shares drop over 5 pc on stake sale announcement

After the stake sale, Standard Life's holding in the insurance company will come down to 24.27 per cent.

12 Mar 2019 2:58 PM

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL yet to decide on stake sale

Earlier this month, the home loan provider said it was keen to sell assets and some of its businesses to improve liquidity.

18 Feb 2019 2:42 PM

LIC's open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from December 3, IDBI Bank said on Thursday.

LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 7:15 PM

State-run Bank of India (BoI) on Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. (Photo: PTI)

Bank of India invites bids for stake sale in 3 associate companies

BoI said it was looking to raise nearly Rs 1,000 crore through stake sale.

21 Sep 2018 2:16 PM

State-run Bank of India is looking to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties.

BoI looks to raise Rs 1,000 crore from sale of non-core assets, real estate

The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company - STCI Finance - and in Sidbi.

16 Sep 2018 12:55 PM

The government plans to soon initiate the strategic sale process for at least four subsidiaries of loss-making Air India, including Airline Allied Services Ltd (AASL) and Hotel Corporation of India (HCI), according to officials.

Govt planning strategic sale of 4 Air India subsidiaries soon

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital.

16 Sep 2018 12:43 PM

The government has extended the deadline to September 19 for submitting initial bids for 51 per cent stake sale in helicopter services provider Pawan Hans, according to a communication.

Pawan Hans stake sale: Govt extends deadline for initial bids

The previous deadline for expression of interest (EoI) was to end on Wednesday.

13 Sep 2018 1:20 PM

Reliance Retail has purchased 16.31 per cent stake in readymade garment wholesaler and retailer Genesis Colors Ltd (GCL) for Rs 34.80 crore, Reliance Industries said on Sunday.

Reliance buys 16.31 pc in Genesis Colors, acquires stake in 5 more cos

Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Mukesh Ambani-led Reliance Industries.

09 Sep 2018 4:32 PM

The government is mulling strategic sale of Air India subsidiary AIATSL to raise funds and help cut debt of the national carrier, according to official sources.

Govt working on strategic sale of Air India subsidiary AIATSL

Air India is reeling under a debt burden of Rs 48,000 crore.

07 Sep 2018 2:39 PM

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Mohan Guruswamy

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