Swiss financial services company UBS Group AG on Friday sold shares of seven companies, including Oil India and Dixon Technologies (India), for Rs 4,961 crore via open market transactions.
Zurich-based UBS Group AG through its affiliate UBS Principal Capital Asia offloaded shares of seven companies through separate bulk deals on the National Stock Exchange (NSE).
According to the bulk deal data available on the NSE, UBS Principal Capital Asia offlloaded shares of Oil India worth Rs 972 crore, sold shares of Dixon Technologies India for Rs 904 crore, disposed of shares of Rail Vikas Nigam Ltd for Rs 797 crore.
UBS Principal Capital Asia also sold shares of Zydus Lifesciences for Rs 756 crore, disposed of scrips of Vodafone Idea, Oracle Financial Services Software and Prestige Estates Projects for a combined value of Rs 1,531 crore on the NSE.
Meanwhile, Copthall Mauritius Investment offloaded 20.92 lakh shares of Prestige Estate for Rs 378 crore.
UBS Principal Capital Asia picked u
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UBS Group AG sells shares of 7 companies worth Rs 4,961 crore (30-08-2024)
Rakesh Gangwal, family trust sells 5.83% stake in IndiGo for Rs 10,500 cr (30-08-2024)
InterGlobe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per cent shareholding for about Rs 10,500 crore.
A total of 2.25 crore shares or 5.83 per cent holding in InterGlobe Aviation were sold by Gangwal and Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware.
In two separate regulatory filings, Rakesh Gangwal sold 22.50 lakh shares of InterGlobe Aviation and the Chinkerpoo Family Trust disposed of more than 2.02 crore scrips of the airline.
After the share sale, Gangwal’s stake in InterGlobe Aviation has come down to 5.31 per cent from 5.89 per cent, while the Chinkerpoo Family Trust’s stake has declined to 8.24 per cent from 13.49 per cent, the filing said.
Also, the combined shareholding of Gangwal and Chinkerpoo Family Trust has reduced to 13.55 per cent from 19.38 per cent.
On Thursday, Gangwal’s family trust sold a 5.24 per cent stake in the airline for
Baazar Style Retail IPO receives 72% subscription on day 1 of offer (30-08-2024)
The initial public offer of Rekha Jhunjhunwala-backed value fashion retailer Baazar Style Retail received 72 per cent subscription on the first day of bidding on Friday.
The initial share sale got bids for 1,08,18,182 shares against 1,50,30,116 shares on offer, as per NSE data.
The quota for Retail Individual Investors (RIIs) fetched 82 per cent subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 70 per cent. The portion for non-institutional investors garnered 47 per cent subscription.
Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors.
The Rs 835-crore initial public offering (IPO) will conclude on September 3. The price band has been fixed at Rs 370-389 per share.
The IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore valued at Rs 687 crore (at the upper end of the price band) by promoter group entities and other selling …
Ecos Mobility IPO gets subscribed over 64 times on offer’s closing day (30-08-2024)
The initial share sale of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality got subscribed 64.18 times on the closing day of bidding on Friday.
The Rs 601 crore share sale received bids for 80,86,90,256 shares against 1,26,00,000 shares on offer, as per NSE data.
The portion meant for Qualified Institutional Buyers (QIBs) received 136.85 times subscription while the portion for non-institutional investors got subscribed 71.17 times. The quota for Retail Individual Investors (RIIs) fetched 19.66 times subscription.
The Initial Public Offer (IPO) of Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday.
The initial share sale was entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares.
The IPO has a price range of Rs 318-334 a share.
Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors.
The Delhi-based company has been providing chauffeured car .
Sebi removed 15,000 sites with unauthorised advice in three months (30-08-2024)
Speaking at the Global Fintech Fest, he said there was successful engagement with the technology providers who are complying with the regulator’s request
Nifty 50 hits record 12-session winning streak on investor support (30-08-2024)
Sensex gaining streak now lengthiest since Sep ’23; both indices at new highs
RBI all India House Price Index rises 1.8% qoq in Q1FY2025 (30-08-2024)
Annual growth in House Price Index at 3.3% end Q1FY2025 over Q1FY2024
IFSCA releases final norms for Gift City listings, sets IPO eligibility (30-08-2024)
Includes norms for already listed companies to explore the avenue, though subject to norms from other regulators
Sebi plans to tighten SME IPO norms, migration regulations: Ashwani Bhatia (30-08-2024)
A consultation paper to review the eligibility conditions, disclosures, and institutional portion expected soon
Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers (30-08-2024)
The Board of Directors of the Company, earlier in March 2023, had approved the sale of its entire stake in ABIBL. This was followed by the execution of a Share Purchase Agreement (SPA) between the Company, ABIBL, Infocyber India (which is the other shareholder of ABIBL holding 49.998% and which was subsequently amalgamated into Birla
Group Holdings) and Edme Services, subject to regulatory approval,
which was received in July 2024.