Stake Financial News

General Atlantic is likely to sell up to a 6.8% stake in KFin Technologies on Thursday through an open market transaction, according to a term sheet issued by IIFL. The base size of the sale is 70.17 lakh shares, constituting 4.1% of the company, with an option to increase to 1.17 crore shares or 6.8% of today's equity.

private equity firm General Atlantic Singapore is likely to sell up to 6.8% equity in KFin Technologies at an estimated floor price of Rs 712.5 per share, which is a 4% discount. The total deal size, including the green shoe option, is 1.17 crore, moneycontrol.com reported, citing CNBC TV18. The base issue size is set at Rs 500 crore and can be upsized to Rs 833.3 crore, the report said citing sources.

Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected.

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

Paytm, according to sources cited by The Times of India. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad on Tuesday to "finalize the contours of a deal."However, Paytm denied any such talks.In a clarification issued on the bourses, it said, "We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard.

Timken Singapore PTE sold shares of Timken India worth 1,956 crore in a block deal on BSE on Tuesday. The promoter sold 50 lakh shares at 3,913.35 apiece. Timken Singapore PTE owned 57.70% stake in the company as of March 31.

Mumbai: TA FDI Investors sold shares of Prudent Corporate Advisory Services worth ₹481.31 crore in a bulk deal on NSE on Tuesday. The company sold 29.16 lakh shares at ₹1,650.05 apiece.

Mint that nobody has shown any interest in buying the stake, neither Tata Group nor Reliance Industries Ltd, with which Disney is merging its local unit Disney Star. “The fact is that Disney doesn’t want anything to do with the distribution business. That’s not their core, and they have been seeking an exit since they acquired the stake following the purchase of the Fox assets," said one of the persons on condition of anonymity.

₹1,775 crore, as per a term sheet obtained by Mint.The promoters are offering to sell up to 5 million shares, with a total deal value estimated to be around ₹1,775 crore ($213 million). The shares are being offered at a floor price of ₹3,550 per share, representing a discount of 10.2% compared to Timken India's closing price of ₹3,951.5 on the NSE on Monday.Spokespersons of Bank of America, which is managing the stake sale, did not respond to Mint's request for comment.Currently, Timken Singapore holds a 57.7% stake in Timken India, which manufactures anti-friction bearings, primarily tapered roller bearings, and mechanical power transmission products for customers in diverse sectors.This is not the first time that Timken India's promoters are exploring a stake sale.

Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker. Shares of embattled developer China Evergrande's EV unit soared as much as 113% to HK$0.81, their highest since September 22, becoming the top gainer on the Hong Kong bourse, and last stood up 79%, following the May 17 trade halt.

Johansson wrote. Johansson got herself a lawyer, and OpenAI has since taken down the Sky voice. The company said it “was never intended to resemble" Johansson’s, but Altman had already shown his hand.

Mint.The transaction value reportedly ranged between $250 million and $270 million, the persons said.Around 41.3 million shares changed hands on the National Stock Exchange, according to Bloomberg.The shares of the company rose as much as 6.3% intraday on Thursday, hitting their highest levels since February 2023.ICICI Securities is managing the sale process.This divestment follows Apis Growth's previous sale of 10 million shares of Star Health for ₹553 crore in March 2024.As of 31 March, Apis Growth held a 2.61% stake, while MIO Star and MIO IV Star (both linked to Madison Capital) held 2.21% and 2.39% stakes respectively in Star Health.The positive investor sentiment surrounding Star Health can be partly attributed to the company's strong financial performance. The company reported a 40% increase in net profit for the fourth quarter ended March, at ₹142 crore, compared to ₹102 crore in the same quarter the previous year.The company's gross written premium also witnessed a significant rise, reaching ₹4,968 crore against ₹4,199 crore in the year-ago period.

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed

MUMBAI: Promoter Krishna Prasad Chigurupati has liquidated some of his shares in Granules India on Wednesday in a block deal on NSE.

Mint. The deal involves up to 22.47 million shares, with an estimated value of ₹1,040.6 crore (approximately $125 million). The shares will be offered at a price range of ₹463 apiece, representing a 3.97% discount to the closing price on 21 May.

GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors. The sale will allow GSK to sharpen its focus on vaccines, cancer and infectious diseases, which are part of CEO Emma Walmsley's plans to boost earnings at the drugmaker.

Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal. 

Vaccines manufacturer Serum Institute of India (SII) on Friday said it is acquiring 20 per cent stake in IntegriMedical, to advance needle-free injection system technology. IntegriMedical has developed a US patented needle-free Injection System (N-FIS) that utilises high-velocity jet stream using mechanical power to effectively and consistently administer biologics and drugs, Serum Institute of India (SII) said in a statement. The company, however, did not disclose the financial details of the transaction. The innovative drug delivery solution aims to alleviate pain during administration, providing needle-phobic patients with a stress-free experience.

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank.

Warren Buffett’s Berkshire Hathaway is disclosing a new $7 billion stake in fellow insurer Chubb

Mint. Yashish Dahiya will offer up to 54 lakh shares, while Alok Bansal will sell up to 29.7 lakh shares. The shares will be sold at a floor price of ₹1,258 per share, a 6% discount to the closing price on 16 May 2024 of ₹1,338.25 apiece on the BSE.