Mphasis promoter entity pares 15% stake for Rs 6,735 crore
Blackstone, promoter of Mphasis, divested a 15.08% stake in the IT and consulting firm for ₹6,735 crore through an open market transaction on the NSE.
IndiGo promoter Bhatia family may sell 2% for $394 million
Bhatia Family selling 2% stake in IndiGo for ₹3,292.3 crore through a block deal. First stake sale post IPO. InterGlobe Enterprises selling shares. Lock-up period of 365 days post deal. IGE to invest in hospitality, launching Miiro hotels in Europe.
Bank Of India Buys 6.13% Stake In CCIL IFSC
Promoted by the Clearing Corp. of India, CCIL IFSC is the designated entity tasked with establishing and managing a real-time foreign currency settlement system at GIFT City.
InterGlobe Enterprises likely to sell 2% stake in IndiGo via block deal: Report
The stake sale is valued at approximately $394 million, with the promoter set to offload 77 lakh shares at ₹4,266 each. This transaction will be executed at a 6% discount to IndiGo's last closing price. The company's shares have had a healthy run so far this year with a gain of over 50% year-to-date.
Shriram Life declares ₹201 cr. bonus for FY24
Shriram Life declares ₹201 cr. bonus for FY24
Mphasis Promoter Pares Stake Worth Rs 6,735 Crore.
The promoter sold 2.85 crore shares for Rs 6,735 crore, according to bulk deal data on the NSE.
Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation
The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.
Bulk deals: Kotak Emerging Equity Scheme buys 1.68% stake in Mphasis
Promoter BCP Topco IX PTE Limited sold a 15.07 percent stake in Mphasis at an average price of Rs 2363.37 per share.
Sonalika domestic tractor sales rise 5.2% to 11,130 units in May
The company had reported a domestic sales of 10,577 units in the same month last year
Motilal Oswal shares jump nearly 19% as shares trade ex-bonus
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
IDBI Bank Jumps Over 5% On Rs 2,700-Crore Tax Refund
The lender received an order from the Income Tax Department for a refund of Rs 2,701.6 crore.
Aadhar Housing Shares Hit Record After PM Reiterates Commitment To Housing For All
Rishi Anand, the Managing Director of Aadhar Housing Finance, informed NDTV Profit that the Pradhan Mantri Awas Yojana scheme could potentially announce three to four crore houses.
KEC International shares jump 8% on winning order worth Rs 1,061 crore
KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.
Block Deal Buzz: Blackstone offloads 15% stake in Mphasis worth Rs 7,000 crore; stock drops 4%
Global investment firm BlackRock likely sold a 15% stake in Mphasis, leading to a 3.7% share price drop. It's the year's second-largest block deal. Blackstone, owning 55.45%, will drop to 40.4% after the deal. Mphasis specializes in IT services, especially in BFSI. Last year, shares rose 27.5%, but in 2024, they fell 13.6%.