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News on Medial
Capital Group offloads 4.3% stake in SIS for Rs 258 Cr
YourStory
·
1y ago
Medial
On Wednesday, Capital Group, a financial services company, sold a 4.3% stake in cash logistics solutions provider SIS for over Rs 258 crore. The shares were sold through open market transactions, with Abu Dhabi Investment Authority purchasing shares in the company. Capital Group's affiliates, Smallcap World Fund and American Funds Insurance Series Global Small Capitalization Fund, sold a total of 62,26,115 shares at Rs 415 per share. Additionally, Abu Dhabi Investment Authority Stable and 360 One Mutual Fund bought 51.79 lakh shares, amounting to a 3.6% stake, for Rs 214.95 crore.
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Antfin Singapore to sell Zomato shares worth ₹3,420 cr: Report
Inshorts
·
11m ago
Medial
Antfin Singapore Holding, an arm of Alibaba Group, is planning to sell 1.54% stake in Zomato worth ₹3,420 crore, through block deals, reported CNBC-TV18. Antfin had 4.3% stake in Zomato as of June 30, 2024, the National Stock Exchange data showed. The floor price for the block deals has been fixed at ₹251.68 per share, the report added.
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Age Care Labs Bags Funding To Offer Geriatric Care
Inc42
·
1y ago
Medial
Elder care startup Age Care Labs has raised INR 10.16 Cr ($1.2 Mn) in a strategic funding round led by private security firm SIS Limited. As part of the deal, SIS Limited acquired a nearly 4% stake in Age Care Labs, valuing the company at around INR 254 Cr. The investment aims to help SIS Limited enter the B2C segment and expand its services in the elder care industry. The partnership offers potential advantages to SIS Limited's various businesses and could facilitate the training of its staff in geriatric services.
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Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore
Economic Times
·
2m ago
Medial
Elevation Capital sold 21.5 lakh shares in Ixigo's parent company, Le Travenues Technology, for Rs 38.27 crore at Rs 178 each, retaining a 13% stake. The firm had previously invested Rs 63.1 crore in Ixigo and sold shares worth Rs 100 crore before IPO, and about Rs 181 crore during the IPO's OFS. Ixigo's net profit grew 128% YoY, with operating revenue rising 72% to Rs 284 crore.
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ITC Shares Tumble 5% After BAT Likely Offloads Equity Worth Rs 13,344-Cr Via Block Deal
OutlookIndia
·
2m ago
Medial
ITC shares fell nearly 5% after a major block deal saw British American Tobacco (BAT) offload a 2.57% stake worth Rs 13,344 crore. This move is consistent with BAT’s previous offloading of a 3.5% stake in ITC in 2024. Despite the sale, BAT remains ITC’s largest shareholder with a 23.1% stake. Post-transaction, BAT increased its 2025 share buyback programme by £200 million, maintaining its financial guidance.
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SoftBank Again Offloads Stake In Paytm, Sells 1.37 Cr Shares
Inc42
·
1y ago
Medial
Japanese tech conglomerate SoftBank has sold over 2% stake in fintech giant Paytm through open market transactions. Between January 23 and February 26, SoftBank sold 1.37 crore shares, reducing its stake in Paytm from 5.01% to 2.83%. This is the second stake reduction by SoftBank in Paytm this year, following a 2% stake sale in January. SoftBank has been steadily reducing its stake in Paytm as well as other listed companies in its portfolio. The fair value of SoftBank's India investment portfolio stood at nearly $14 billion as of December 2023.
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Capital Group buys 6.24% stake in PB Fintech for ₹2,770 cr: Report
Internet
·
1y ago
Medial
Capital Group purchased an additional 6.24% stake in Policybazaar's parent company PB Fintech for an estimated ₹2,770 crore, Moneycontrol reported. The US-based financial services company reportedly raised its stake over the last three months through its two funds. Capital Group now holds a 7.91% stake in the fintech company, the report said.
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Amicus invests Rs 125 Cr in Equirus; Federal Bank part-exits
YourStory
·
10m ago
Medial
- Private equity firm Amicus Capital has invested Rs 125 crore in Equirus Group for an undisclosed stake. - The investment includes a combination of primary and secondary purchases, with Federal Bank taking a partial exit. - The new investors in Equirus Group include Kishor Patil, Ajai Kumar, N Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya, and Deepak Singhal. - Equirus Group offers investment banking, insurance broking, and asset management services. - The raised funds will be used for capital expansion, technology investments, talent acquisition, operational improvements, and risk management. - Amicus Capital Partners believes that Equirus Group is well positioned to take advantage of India's growth story.
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SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore
Economic Times
·
1y ago
Medial
Japanese conglomerate SoftBank has sold a 2.5% stake in PB Fintech, the parent firm of Policybazaar, through open market transactions for Rs 871 crore. The shares were purchased by Tata Mutual Fund, Kotak MF, Societe Generale, and other buyers. This follows SoftBank's divestment of a 5.1% stake in Policybazaar for Rs 1,043 crore in December 2022. PB Fintech operates online insurance platform Policybazaar and credit comparison portal Paisabazaar.
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UGRO Capital Raises INR 1,265 Cr Via CCDs & Warrants; 5% Lower Than Intended
Inc42
·
1y ago
Medial
UGRO Capital has allocated Compulsorily Convertible Debentures (CCDs) worth INR 258 crore and warrants worth INR 1,007 crore to investors. Previously, the company's board had approved a capital raise of INR 1,333 crore. UGRO Capital attributed the deficit in the capital raise to the uncertainty surrounding the election results and resulting market fluctuations.
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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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