Your Daily Digest of Global Stories
Bajaj finserv shares: Despite the transaction of about 2.86 crore shares in the block deal, there was no significant movement in the shares of Bajaj Finserv. It broke under the pressure of profit booking after Green start but after going to the red zone, recovered at the lower level and it again came into the…
Bajaj Finserv promoter companies are going to sell their 1.58 per cent stake. This transaction will be through block deal, which can be around Rs 4,750 crore. Several sources who have been aware of this case have told Moneycontrol about this. Currently, promoter companies hold 60.64 per cent stake in Bajaj Finserv. One of the…
Alkem laboratories shares: Alchem laboratories shares fell by 2 per cent in early trade on Wednesday. The decline came after a large block deal in the company’s shares. The company’s 1.4% stake has been purchased and sold through this block deal. It is believed that this stake was sold by the promoter group member Jayanti…
Global Private Equity is planning to sell its entire stake in Tata Technologies through giant TPG block deal. According to information from sources to Moneycontrol, the deal is being seen as a major strategic exit, which includes American Investment Bank Bofa Securities as a deal manager. How much is the offer price going? According to…
ITC Block Deal: The British American Tobacco (BAT) is preparing to sell a stake in Diversified Business Group ITC Limited on BAT. BAT, a UK multinational company making cigarettes, tobacco and electronic cigarettes, is currently the largest shareholder in the ITC. This time it is going to reduce about 2.3% stake in ITC through a…
Pg electroplast block deal: Promoter stakes of the leading electronics manufacturing services (EMS) provider PG Electroplast Ltd are selling. This sale will be through block deal and 5.62% equity i.e. 1.59 crore shares will be sold in it. This is expected to raise the promoters around ₹ 1,177 crore. The floor price of this deal…
Two promoters of Pidilite Industries have sold their major stake in the company today on October 29. Company promoter Apoorva Narendrakumar Parekh has sold his 150000 shares. This is 4.8 percent of his total stake. According to the report, this block deal was done at a price of Rs 3170 per share. Besides this, another…
