Mahindra CIE share hits record high on strong volume; zooms nearly 200% in a year
Promoter Mahindra & Mahindra is likely to sell a 3.2% stake in the automotive component supplier via a block deal soon.
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Paytm shares fall 3% after SoftBank trims stake
SVF India Holdings (Cayman)Ltd, a SoftBank arm, sold a 2.07% stake in Paytm between February 10 to May 8, 2023.
Invesco sells entire stake in ZEEL for ₹1,004 cr; stock rises 2%
Invesco offloaded 5.11% stake in ZEEL at an average price of ₹204.50 apiece, which was acquired by Goldman Sachs Singapore, Morgan Stanley Asia Singapore, and Segantii India Mauritius.
HAL shares plunges 6% on govt’s disinvestment plan
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
Govt to disinvest up to 3.5% stake in Hindustan Aeronautics for ₹2,867 cr
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.
Adani group raises ₹15,446 cr via stake sale to GQG Partners; stocks surge up to 10%
GQG has acquired 3.4% stake in Adani Enterprises, 4.1% in Adani Ports, 2.5% in Adani Transmission, and 3.5% in Adani Green Energy.
Delhivery shares fall 2% amid report of block deal
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
GMM Pfaudler plunges 18% after promoter sells stake via block deal
Pfaudler Inc, a promoter of GMM Pfaudler, was reportedly looking to offload a 29.88% stake in the company at a floor price of ₹1,700.
RBI okays Yes Bank stake sale to Carlyle, Advent with conditions
The investors and the bank will engage with the RBI to seek an early resolution of the conditions to procure the final approval on this matter.
PNB share jumps 8% on nod to sell stake in UTI AMC
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
