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Canada Pension Board Offloads Nykaa Shares For INR 256 Cr
Inc42
·
1y ago
Medial
Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.
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Canada Pension Plan Investment Board Exits Delhivery By Selling Remaining 2.34 Cr Shares
Inc42
·
1y ago
Medial
Canada Pension Plan Investment Board (CPPIB) recently sold its shares in logistics unicorn Delhivery in multiple block deals worth INR 910.2 Cr. This comes after CPPIB had already offloaded 2.04 Cr shares in April, resulting in a complete exit from Delhivery. Several funds, including HSBC, ICICI Prudential, BofA Securities, Societe Generale, Aditya Birla Sun Life Mutual Fund, and Nippon India Mutual Fund, were among the buyers.
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Nykaa To Raise INR 125 Cr Debt Funding From FPI
Inc42
·
11m ago
Medial
Beauty ecommerce company, Nykaa, has announced plans to raise INR 125 crore (approximately $15 million) through non-convertible debentures from an undisclosed foreign portfolio investor. The company's board has approved the issuance of up to 12,500 NCDs with a face value of INR 1 lakh each. As of Tuesday morning, FSN E-Commerce Ventures, the parent company of Nykaa, saw its shares trading at INR 177.30, marking a 1.3% increase from the previous close.
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Canada Pension Plan Investment Looking To Sell Partial Stake In Delhivery For $110 Mn
Inc42
·
1y ago
Medial
Canada Pension Plan Investment Board is reportedly planning to sell a portion of its stake in logistics company Delhivery for approximately $110 million (INR 916 crore). The sale is expected to be conducted through a block deal, with Kotak Mahindra Capital serving as the advisor. The board currently holds a stake of 5.96% in Delhivery, equivalent to 4.38 crore shares. Several other pre-IPO investors, including Carlyle Group and SoftBank, have previously sold parts of their stakes in Delhivery. Delhivery turned profitable in Q3 FY24, with a consolidated profit after tax of INR 11.7 crore and operating revenue of INR 2,194.5 crore.
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Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr
Inc42
·
15d ago
Medial
Morgan Stanley Asia (Singapore) Pte sold 99,994 shares of PB Fintech in a block deal valued at INR 18.19 crore. The shares were sold for INR 1,819 each, slightly below the previous closing price of INR 1,823.7 on the BSE. BNP Paribas Financial Markets purchased the shares. This transaction follows PB Fintech co-founders Yashish Dahiya and Alok Bansal selling a significant portion of their holdings for INR 920 crore.
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Did CPPIB meet the benchmark in $140-mn harvest from twin India exit moves?
VCCircle
·
1y ago
Medial
Canada Pension Plan Investment Board (CPPIB) sold shares in two Indian listed companies, earning around $140 million. The pension fund capitalized on the stock market boom to monetize its investments in India. CPPIB sold a portion of its stake in a cosmetics company and a pharmaceutical firm, taking advantage of the market conditions to meet its investment benchmark.
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March Capital Offloads CarTrade Shares Worth Over INR 70 Cr In Bulk Deals
Inc42
·
1y ago
Medial
March Capital, a pre-IPO shareholder of CarTrade Technologies, offloaded around 950,000 shares of the company in bulk deals worth over INR 70 crore. Spritefield Venture International sold 632,000 shares, while MCP3 SPV sold 316,000 shares. CarTrade's shares fell 2.8% despite ICICI Prudential Mutual Fund purchasing 677,000 shares in bulk deals. In its Q3 FY24 report, CarTrade reported a net loss of INR 23.5 crore, primarily due to the closure of the OLX business division. However, the operating revenue increased by over 42% to INR 138.6 crore.
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Cube close to clinching ₹4,000 cr deal for Athaang road assets
Livemint
·
10m ago
Medial
Cube Highways, an Indian toll road operator, is likely to acquire the road assets of National Investment and Infrastructure Fund's Athaang Infrastructure. The deal is expected to be valued at approximately INR 4,000 crore. Cube Highways has reportedly emerged as the front-runner, beating out Canada Pension Plan Investment Board (CPPIB) in the bidding process. The portfolio consists of five road assets totaling 230 km. Cube Highways currently operates 8,400 lane km of highways in India and has various prominent investors, including Abu Dhabi Investment Authority and International Finance Corp.
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Celesta Capital Offloads Stake In ideaForge In INR 27 Cr Bulk Deal
Inc42
·
1y ago
Medial
Celesta Capital recently sold 3,57,600 shares of ideaForge at INR 768.08 per share. Graviton Research, QE Securities, HRTI Private Limited, and others bought the shares that entered the market. The stock price of ideaForge increased by 6.7% to INR 830.85 at the end of Tuesday's trading session on the BSE.
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Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares
Inc42
·
1y ago
Medial
Societe Generale sold over 86.5 lakh shares of Zomato in a block deal, amounting to INR 117.81 crore. These shares were then purchased by Marshall Wace, a British hedge fund. At the same time, Societe Generale acquired nearly 5 lakh shares of PB Fintech (parent company of Policybazaar) for INR 46.13 crore. This move comes amidst a sell-off by foreign institutional investors in the Indian equities market. Zomato has seen several block deals recently, while Policybazaar is expected to report profits starting Q3 FY24.
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SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr
Inc42
·
1y ago
Medial
Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.
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