Marquee Private Equity firm KKR plans to exit from its investments in Dalmia Bharat in the month of April, reports CNBC-TV18’s Nisha Poddar quoting sources with direct knowledge.
In the Budget, there was a proposal by the Finance Ministry that long-term capital gain (LTCG) tax on sale of equity will not be available to those who acquired shares on or before October 2014 and hadn‘t paid the securities transaction tax (STT) of 0.125 percent.
Going forward the stock will start aligning to its sales numbers and if they are weak, then the stock could undergo a correction, says market expert Prakash Diwan.
Heineken International BV, the maker of Heineken beer, has increased its stake in United Breweries by buying shares worth Rs 152 crore in an open market transaction today.
After the deal, Bain will earn almost double of its investment made in Hero Moto four years ago.
In a block deal on exchange, 35.77 lakh equity shares (0.45 percent equity) changed hands at a price of Rs 20.25 apiece, which amounted to Rs 7.24 crore.
Promoters are likely to raise around USD 300 million via the stake sale. Barclays and Kotak Mahindra are bank book runners of the sale.
Godrej Industries sold 30,20,000 shares of Godrej Properties at Rs 248.5, a transaction worth Rs 75 crore, block deal data at the BSE showed.
Shares in Crompton Greaves fell about 5 percent in early trade, after a large block deal, amounting to 5.3 crore shares worth about Rs 900 crore was executed on the exchanges.
According to sources, around 2.9 percent equity have changed hands on NSE in the price band of Rs 2874- Rs 2917 per share. Total deal size was approximately USD 400 million. Deutsche Bank was sole banker to the deal.
The Department of Heavy Industries, which is the administrative ministry of the company, has for long opposed the proposed disinvestment in state-run Bhel, citing unfavourable market conditions.
This move was aimed to ensure high participation from foreign investors so that the government could meet its annual disinvestment target of Rs 40,000 crore before March 31.
According to SN Modani, there maybe further promoter buying for Sangam (India) as the stock is under-valued and the company will use this opportunity to consolidate its stake through creeping.
More than 2.9 lakh equity shares changed hands at Rs 272.60 apiece on the National Stock Exchange and 2.14 lakh shares at Rs 271 apiece on the Bombay Stock Exchange.
Reliance Industries (RIL) shares advanced for the third consecutive session today, rising 6.7 percent since last Friday. At 09:47 hours IST, the stock was quoting at Rs 834.90, up 0.80 percent.
Reliance Communications gained as much as five percent intraday on Thursday after 10 block deals worth Rs 80 crore on National Stock Exchange.
Titan Industries gained over 1 percent on Thursday, reversing earlier losses following a block deal of around 3.88 crore shares on the Bombay Stock Exchange.
Titan Industries shares tumbled over 3 percent on Thursday morning after a block deal of nearly 3.89 crore shares on the Bombay Stock Exchange.
Sources have indicated that TPG is likely to sell its stake in Shriram Transport Finance via a block deal today. Nimesh Shah of CNBC-TV18 gives the details of the deal.
Sonata Software gained as much as 10 percent on Wednesday after more than 6 percent equity (63,58,371 shares) changed hands at Rs 24.85 a share on the Bombay Stock Exchange. The block deal was worth Rs 15.8 crore.
Electrical goods manufacturing firm Havells India fell 3 percent intraday on Tuesday after 5.25 percent equity changed hands via several block deals on Bombay Stock Exchange.
There was a block deal of 28.09% equity shares of Piramal Life Sciences on BSE at Rs 36 per share, reports CNBC-TV18. At 10:04 hrs Piramal Life Sciences was quoting at Rs 39.70, up Rs 1.85, or 4.89%.
BT will sell its remaining 9% stake (1.16 crore shares) in Tech Mahindra via block deal today, reports CNBC-TV18. At 09:20 hrs Tech Mahindra was quoting at Rs 910.10, up Rs 31.70, or 3.61%.
There was a block deal of 4.6% equity of Federal Bank on the BSE at Rs 457 per share, reports CNBC-TV18. At 09:31 hrs Federal Bank was quoting at Rs 456.50, down Rs 12.25, or 2.61%.
There was a block deal of 8% Cairn India equity on NSE at Rs 325 per share, reports CNBC-TV18. At 09:34 hrs Cairn India was quoting at Rs 336.95, down Rs 9, or 2.60%.