Topic
stake sale
Logistics Eight Roads, Flipkart, IMM India Fund to Sell Up to 9% Stake in Shadowfax via Block Deals
Eight Roads Investments, Flipkart, and IMM India Fund are collectively selling up to a 9% stake in Shadowfax through block deals worth approximately $108 million (Rs 1,048 crore). The floor price is set at Rs 197 per share, a 9.8% discount to the closing price. The sale coincides with the expiry of the six-month lock-in period for pre-IPO investors.
Finance IDBI stake sale back on table, government keen to speed up process with Fairfax, Emirates NDB in focus
The Indian government has resumed the process to sell its stake in IDBI Bank, holding high-powered meetings on Monday to accelerate the sale after previous bids were rejected for being below the reserve price. Two qualified bidders – Prem Vatsa's Fairfax and Emirates NDB – are under consideration. The Centre and LIC together hold a 94.7% stake and plan to sell 60.7%. The news lifted IDBI Bank shares nearly 3% to Rs 86.5 on BSE.
Business Volkswagen sells majority stake in Everllence to Bain Capital in €7.4bn deal
Volkswagen has agreed to sell a 75% stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). Volkswagen will retain a 25% minority holding. The transaction is subject to regulatory approvals and expected to close later this year. Everllence, formerly MAN Energy Solutions, supplies marine engines and has growing businesses in carbon capture and industrial decarbonisation.
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 Skyborn Renewables Sells 25% Stake in German Baltic Sea Wind Farm Gennaker
Skyborn Renewables, a BlackRock-owned offshore wind developer, has agreed to sell a 25% stake in the Gennaker wind farm in the German Baltic Sea to Stadtwerke München. The 976.5 MW project, once completed, will be the largest offshore wind farm in the German Baltic Sea and is expected to power approximately 1 million homes annually. The transaction is subject to regulatory approvals and construction financing closing, targeted for Q3 2026.
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.
Finance TRIG Sells 17.5% Stake in Scottish Beatrice Offshore Wind Farm for £155 Million
The Renewables Infrastructure Group Limited (TRIG) will sell its 17.5% stake in the 588MW Beatrice offshore wind farm off Scotland for approximately £155 million ($208.2 million) to funds managed by Equitix Investment Management. The sale, at a 4% discount to the December 2025 valuation, will reduce TRIG's borrowings by £375 million and supports its £400 million capital realisation target. Completion is expected before end-2026, subject to third-party consent.
Business Private Investment Announcements Surge to Rs 56 Lakh Crore in FY26
Private investment announcements in India have surged to Rs 56 lakh crore in FY26, up from Rs 37 lakh crore the previous year, according to SBI Research. This growth is largely driven by the manufacturing and infrastructure sectors, reflecting increased business confidence and economic momentum.
Logistics SBM Offshore Sells Stake in Trion Field FSO to NYK
SBM Offshore has sold a 45% stake in the Trion field FSO to NYK, retaining a 55% majority. The FSO Chalchi, under construction, will operate under a 20-year lease with Woodside Energy.