Promoter Stake

The buyers and sellers in Wednesday’s transaction were not immediately disclosed, but VIP Industries block deal follows a series of promoter stake sale transactions in recent months. Then, the acquirers had also announced a mandatory open offer for an additional 26 percent stake at Rs 388 per share.

Akzo Nobel India block deal: Stock tumbles 13% as promoter likely sells 11.4% equity stake for Rs 1,638 crore

Akzo Nobel India shares fell 13 percent in Wednesday's trade, erasing all gains made so far this year. The stock is now down 11.5 percent year-to-date.

Whirlpool of India stock crashes 11% after 11.8% stake sold in block deal; promoters likely offload equity

The identity of the buyers and sellers in the Whirlpool block deal is yet to be disclosed, but market reports indicated that the company’s promoters are the likely sellers.

Thyrocare promoter Docon Technologies sells 10% stake for Rs 668 crore; stock up 1.6%

Thyrocare Technologies promoter group entity Docon Technologies has sold over 10 percent equity stake in open markets for about Rs 668 crore.

Keystone Realtors promoters to sell up to 3.63% stake via OFS; floor price set at Rs 550 per share

Keystone Realtors promoters Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta plan to offload up to 45.76 lakh equity shares. The total offer size is valued at around Rs 252 crore.

KKR in final talks to acquire controlling stake in HCG; negotiations on over founder’s role

KKR's negotiations are on over the role of founder Dr BS Ajaikumar at the company post stake sale. KKR’s bid is subject to gaining control. Moneycontrol was the first to report KKR’s exclusivity pact with HCG in October.

Cipla stake sale: 1.72% equity changes hands in block deals; promoters likely sellers

Cipla block trades would potentially amount to Rs 2,000 crore, at 6 percent discount to the last closing price of Friday, November 29. The deals saw sale of 1.72 percent equity stake, likely by promoters.

IndiGo block deal: Rakesh Gangwal likely exits, 6% stake sold for Rs 11,000 crore

Rakesh Gangwal's stake sale aligns with his plan to gradually reduce his holding in IndiGo, as announced after stepping down from InterGlobe Aviation's board in February 2022.

Shyam Metalics plunges 7% as OFS kicks off at 11.5% discount

Two promoter entities- Narantak Dealcomm and Subham Buildwell, will sell up to 1.3 crore shares or 5.11 percent stake in the company through the OFS in order to comply with SEBI's minimum public shareholding norms.

What explains Tata Sons’ vote of confidence in Tata Chemicals?

Tata Sons has been raising stake in Tata Chemicals for a year now, which is witness to early results of a capacity addition-led business expansion plan

Promoters raise stake in over 60 companies in past 2 years; worth a look?

Theory suggests that an increase in promoter holding is usually considered as a positive sign while a decrease is usually considered negative.

RBI permits Bandhan Bank branch expansion, stipulates conditions

Bandhan Bank was barred from expanding its network in September 2018 as it had failed to reduce the promoters' stake to 40 percent within the stipulated three-year period

Zee promoter stake sale at advanced stage, identity of investor awaited: Report

The deal is likely to be sealed at 17 percent to 20 percent premium over the last six months’ average market value.

Realty major Sobha falls over 9% as promoter sells stake in firm

Sobha Menon sold 4.15 percent stake in the company on April 7 through an open market sale

As Manappuram's promoter looks to sell stake, stock rises 2%

The promoter’s stake is currently seen at 28.2 percent and some institution have shown interest in buying this stake, sources told CNBC-TV18.

Hold 60% co stake post Bajaj exit: Force Motors' Firodia

Abhay Firodia, CMD, Force Motors says he expects the company‘s light commercial vehicles and tractors to see a strong growth in the current year.

Cinemax promoters sell stake to PVR for Rs 395 crore

Kanakia family, the promoters of multiplex operator Cinemax India have entered into a definitive agreement to sell their 69.27 percent stake to rival PVR for about Rs 395 crore, the two companies said on Thursday.

How will PVR gain from Cinemax buy?

After days of speculation and denials, multiplex operator PVR confirmed on Tuesday that it is in talks to buy shares of rival Cinemax India's promoters.

Godrej to go IPP-way to cut promoter stake; cash for M&A

CNBC-TV18 finds out that Godrej Industries is looking to dilute promoter stake in the company through the institutional placement route.

Godrej Prop to sell 10% promoter stake via IPP: Chairman

Godrej Properties is looking to dilute promoter stake in the company through the institutional placement (IPP) route. CNBC-TV18 caught up with Adi Godrej, the chairman of Godrej Industries to get the details.

Market continues downtrend, pledged shares in limelight

Santosh Nair, editor, Moneycontrol.com and Shishir Asthana of Firstpost are back with the market wrap at mid-day.

Promoter stake hike to bode well for SpiceJet: ICICI Direct

Rasesh Shah, aviation analyst at ICICI Direct joins CNBC-TV18 to talk of the cause-effect of the stake hike by the promoter. He says that SpiceJet was looking for funds to finance their expansion plans and considering the high interest rate scenario, a promoter stake hike was the best solution.