Fortis has 28.89 percent stake in MSCL, while Mauritius-based CIEL Healthcare holds 58.60, and the remaining is held by other shareholders
The stake sale was undertaken by Indiabulls to focus fully on its financial services as it seeks to merge with Lakshmi Vilas Bank.
With few options left Naresh Goyal has taken a desperate but smart step in trying to get a foothold in his company
Dinesh Kumar Khara, MD of SBI spells out the plans for SBI Life IPO.
Realty firm Mahindra Lifespace Developers Ltd has increased stake in its joint venture firm Mahindra Homes Pvt Ltd to nearly 75 percent from 50 percent.
The divestment is seen as a part of the monetization process of non-core assets of Canara Bank, the company said in a statement to the exchanges.
Foreign fund Amansa Holdings today offloaded its entire 2.56 per cent stake in Cholamandalam Investment and Finance Company for a little over Rs 388 crore through an open market transaction.
As Idea Cellular gears up for a mega merger with Vodafone, private equity firm Providence, which has investments in the telco, is looking at an exit, say sources.
Private lender IDFC Bank today picked up a 5 percent stake in financial services major IIFL Holdings for over Rs 502 crore through an open market transaction.
Infrastructure term lender IFCI today said its board has approved divesting the entire 45.5 percent stake in associate firm Hardicon as per its plan to exit from non-core business activities.
Government will sell 10 percent stake in state-owned manganese miner MOIL tomorrow at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.
Lenders of Monnet Ispat are again in the process of selling majority stake and this time Sajjan Jindal's JSW Steel, Sudhir Maheshwari-led Synergy Capital and global private equity fund Blackstone are in the race for equity in the company, reports Business Standard. The lenders currently hold 53 percent stake in Monnet Ispat.
Diageo is looking to increase stake in United Spirits to 63 percent from 55 percent and might consider an open offer before March 2017, reports CNBC-TV18.
Global private firm TPG is likely to buy stake in Fortis Healthcare. The stock was up 16 percent in the morning trade, say sources. The quantum of stake to be acquired may be around 20 percent in Gurgaon-based healthcare company for Rs 2,000 to Rs 2,300 crore.
Max Ventures and Industries (MaxVIL) part of Analjit Singh-led Max Group today announced a Rs 147.9 crore fund raising plan, which includes sale of 22.51 percent stake to a subsidiary of New York Life Insurance Company for Rs 121 crore.
Government will sell 26 percent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs 1,000 crore.
Munjal â€” chairman Hero Group‘s insurance redistribution and IT services arm â€” and Poddar â€” chairperson of Adventz Group â€” are negotiating with the former IDFC Securities analyst Nikhil Vora to buy into 0.35 percent stake (1.6 lakh shares) he holds in Paytm.
Term lender IFCI today said it has proposed to sell around 0.8 percent stake in National Stock Exchange (NSE).
Welspun Enterprises Ltd (WEL) is looking to divest its entire 15.49 per cent stake in Welspun Energy.
State Bank of India (SBI) today ruled out further stake dilution in its life insurance arm before the the proposed initial public offering that is likely to to happen over the next 12-18 months.
With this acquisition, the company will explore opportunity in deep water drilling.
State Bank of India (SBI) has informed BSE that the bank's board at a meeting held on Friday approved sale of 3.9 percent stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. SBI holds a total stake of 74 percent in SBI Life Insurance.
The company has registered 58.3 percent decline in its consolidated Q2 (July-Sept) net profit at Rs 64.5 crore from Rs 154.5 crore, in the same quarter last year.
State-owned Canara Bank today said it proposes to bring down stake in its housing finance subsidiary Can Fin Homes to 30 per cent as part of strategy to exit non-core business.
Idea Cellular has put on block 100 percent stake in its tower arm, dropping its earlier plans to sell a minority stake in the business, people close to the telecom operator told CNBC-TV18. They say the company is looking to sell 11,000 telecom towers for close to USD 1 billion.