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"stake-sale"

  • CCEA approves 60.72pc stake sale in IDBI Bank for Rs 52,878 crore

    The CCEA has approved the sale of a 60.72 per cent stake in IDBI Bank for Rs 52,878 crore to a buyer linked to Fairfax Financial Holdings. The government and LIC will retain stakes, subject to regulatory approvals and completion
  • France’s Groupe ADP to sell 7.3% stake in GMR Airports for over Rs 10,100 crore

    Paris airport operator’s stake in the airports business arm of the GMR Group to drop from 32.3 per cent to 25 per cent after deal completion
  • Govt to divest 6 per cent stake in Bank of Maharashtra

    At the floor price, the government would mop up about Rs 2,492 crore by divesting its 6 per cent stake in the state-owned lender
  • Mahindra sells entire stake in RBL Bank for Rs 678 crore

    On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore 
  • Hyderabad-based GACM Technologies to acquire 30 per cent stake in WeXL

    The projected valuation of the deal is estimated to be Rs 500 crore. The financial technology company said it aims to leverage WeXL’s existing dataset and platform to strategically transition into building an advanced AI agent framework
  • Singapore’s Temasek buys 10 per cent stake in Haldiram Snacks Food

    The Agarwal family, promoters of Haldiram Snacks Food, may rope in another investor for selling some more stake in the company which had a revenue of over Rs 12,500 crore in FY24
  • Finance Ministry invites bids from actuarial firms for valuing LIC

    The government plans to sell minority stake in the insurance behemoth and list it on the bourses

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