Socks to Watch: Zomato, Coal India, Samvardhana Motherson, BHEL, Adani Green Energy

livemint.com:

Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal's floor price has been set at ₹159.4 per share, indicating a 4% discount on Zomato's current market price, as per the report.

Ashoka Buildcon: Canadian pension fund CDPQ is in exclusive negotiations to acquire five operational road projects from Ashoka Concessions Ltd, a subsidiary of the infrastructure firm Ashoka Buildcon. The potential equity and enterprise values for this deal are estimated to be around $325 million and $700 million, respectively, according to individuals familiar with the discussions. Reports had earlier indicated that both CDPQ (Caisse de dépôt et placement du Québec) and the private-equity firm Actis Llp were in the final stages of discussions to acquire the BOT (Build-Operate-Transfer) toll road assets of Ashoka Concessions.

However, Actis has now withdrawn from the deal. Samvardhana Motherson International: Sumitomo Wiring, a key stakeholder in the automotive firm Samvardhana Motherson, is reportedly planning to sell a 4.5 percent stake through a block deal, reported CNBC-Awaaz on March 5, citing sources. The report indicated that Sumitomo intends to sell approximately 30 crore shares via the block deal.