Reliance Infrastructure Limited has announced the completion of sale of its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs.900 crore. RInfra owns 74% in Parbati Koldam Transmission Company Limited (PKTCL) located in the state of Himachal Pradesh and Punjab in joint…
Sipadan Investments (Mauritius) Ltd on Thursday sold more than 8 crore shares of IDFC worth over Rs 320 crore through an open market transaction. According to the bulk deal data available with BSE, Sipadan Investments divested 8.26 crore shares at an average price of Rs 38.76 apiece, taking the total deal value to Rs 320.37…
IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on December 31, 2020 pursuant to receipt of the requisite regulatory approvals. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank’s shareholding in IFLI now stands at 25% from the…
The Board of Directors of AirAsia has announced that its wholly owned subsidiary, AAIL, and Tata Sons Private Limited, India entered into a Share Purchase Agreement to dispose of AAIL’s equity interest of 32.67% in AAI to TSL. This brings the shareholding of AirAsia Group Berhad in AAI to 16.33%. President (Airlines) of AirAsia Group,…
Masayoshi Son-led SoftBank is planning to sell its majority stake in SBG Cleantech, its high-profile renewables joint venture in India, as per a report by the Economic Times. The move has been seen as part of SoftBank’s ongoing review of businesses around the world to increase liquidity. Reports even suggest that SoftBank has invested close…