Topic
divestment
Logistics Adani Shipping Sells Capesize Bulker Aashna for $37.5m, Trims Fleet
Adani Shipping has sold the 179,500-dwt capesize bulker Aashna (built 2012) to Chinese buyers for approximately $37.5 million. The sale is part of a fleet reduction as capesize time-charter rates sit at $32,000/day despite a recent weekly decline. The sistership Aanya remains on the market, and demolition activity in the sector is minimal.
Business Government Sells 2.52% Stake in Cochin Shipyard at Rs 1,400 per Share via Offer for Sale
The Centre has launched an Offer for Sale of 2.52% equity in Cochin Shipyard Ltd at a floor price of Rs1,400 per share, with an additional 2.52% greenshoe option. Non-retail investors can bid on July 7, 2026, followed by retail investors on July 8. The divestment is part of broader maritime sector initiatives including the Rs25,000 crore Maritime Development Fund.
Business Getty Images calls off Shutterstock merger after UK regulator's divestment demand
Getty Images abandoned its planned merger with Shutterstock after the UK competition regulator required divestments that the companies deemed unacceptable. The deal, which would have created a dominant stock photography platform, is now terminated.
Finance Puravankara to Divest Stake in Purva Ruby Properties to ICICI Prudential AIF for ₹145 Crore
Puravankara Limited will divest its stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145 crore. The buyer is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II. The deal is not a related party transaction and is expected to close within 45 days. Purva Ruby's turnover contributed 1.06% to Puravankara's total turnover last fiscal.
Business Brookfield, BCI, GIC sell 7.3% unitholding in Altius InvIT for ₹3,656 crore
Brookfield, BCI and GIC sold a combined 7.3% unitholding in Altius Telecom Infrastructure Trust for ₹3,656 crore through open market transactions. Infrastructure major Larsen & Toubro acquired a 1.25% stake. The transaction reflects ongoing portfolio rebalancing by large institutional investors in India's telecom infrastructure sector.
Finance Government to Sell Up to 5% Stake in GIC at Rs 352 per Share; OFS Opens June 16
The government will sell up to 5% stake in GIC at Rs 352 per share through an Offer for Sale (OFS) opening on June 16, according to a Business Today report.
Commodities Shell Weighs $1bn Offshore Wind Sell-Off as It Shifts Focus Back to Oil and Gas
Shell is reportedly preparing to launch a sale of its offshore wind farms worth over $1bn, advised by Rothschild & Co and PJT Partners. The move is part of CEO Wael Sawan's strategy to cut costs and focus on higher-returning oil and gas assets, following the divestment of European onshore renewables and Indian renewable firm Sprng Energy.