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Indegene Shares Tank 5% After Carlyle Affiliate Likely Exits in Rs 1,504-Cr Block Deal

OutlookIndia

OutlookIndia · 2m ago

Indegene Shares Tank 5% After Carlyle Affiliate Likely Exits in Rs 1,504-Cr Block Deal

Shares of Indegene fell by 5% after a significant block deal valued at ₹1,504 crore, reportedly involving Carlyle’s affiliate, CA Dawn Investments, as the seller. The block deal, involving 2.53 crore shares, equated to a 10.56% stake in Indegene. It was executed at ₹594 per share, a discount from the previous closing price. This move follows earlier stake reductions by CA Dawn Investments, which also sold a 4.7% stake for ₹707 crore last December.

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Carlyle hits the sell button on another Indian bet eyeing juicy returns

VCCircle

VCCircle · 8m ago

Carlyle hits the sell button on another Indian bet eyeing juicy returns

Private equity firm Carlyle is planning to sell off another Indian portfolio company, following its partial exits from two other companies this year. Carlyle intends to divest its stake in Hexaware, worth $1.2 billion, through an IPO. The firm's managing director in India, Neeraj Bharadwaj, serves on the boards of several portfolio companies including Hexaware, Indegene, and Dailyhunt. Carlyle is targeting lucrative returns with its divestments in the Indian market.

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Money Control

Money Control · 1y ago

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Fireside Ventures is likely to sell 61 lakh shares worth over ₹230 crore of Mamaearth-parent Honasa Consumer tomorrow in a block deal, CNBC Awaaz reported. Shares, equivalent to a 1.9% stake in the company, will reportedly have a floor price in the range of ₹368.7-₹384.1. Honasa made its stock market debut last month at a price of ₹330 per share.

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

Inc42 · 1y ago

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

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.

Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal

Economic Times

Economic Times · 11m ago

Mamaearth shares tumble 5% after Rs 1,763 crore stake sale via block deal

Shares of Honasa Consumer, the parent company of Mamaearth, dropped 5% following the sale of a 10.9% equity stake worth Rs 1,763 crore via a block deal. The likely sellers included Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, Fireside Ventures Investment Fund I, Stellaris Venture Partners India, and Sofina Ventures SA. The deal, likely occurring at Rs 480 per share, represents an 8% discount from the previous day's closing price. Honasa Consumer reported a 63% YoY increase in consolidated net profit for Q2 2024 and a 19% increase in revenue.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

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.

Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal

Livemint

Livemint · 1y ago

Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal

Employees at Mamaearth's parent company Honasa Consumer Care are expected to sell ESOP (employee stock ownership plan) shares worth ₹150 crore in a block deal. The deal is likely to be executed at a 5-7% discount to the current market price of ₹477.10. Honasa Consumer reported a net profit of ₹30 crore in Q2FY24, with its revenue from operations growing 21% to ₹496 crore. Mamaearth's share price surged by 20% after the company reported its quarterly earnings for Q2FY24, the first since its listing.

Carlyle to sell stake of up to $1.2 bn in Hexaware IPO

VCCircle

VCCircle · 11m ago

Carlyle to sell stake of up to $1.2 bn in Hexaware IPO

Carlyle Group affiliate CA Magnum Holdings is planning to sell shares worth $1.2 billion in the upcoming IPO of Indian company Hexaware Technologies. This comes after Carlyle acquired a controlling stake in Hexaware in 2021. Hexaware, which provides IT and consulting services, will not be issuing any fresh shares in the IPO. The Indian stock market is experiencing record-highs, with over 200 companies raising more than $7 billion in 2023. Kotak Mahindra Capital, Citigroup Global Markets India, and J.P. Morgan India are among the book-running lead managers for the IPO.

ITC Shares Tumble 5% After BAT Likely Offloads Equity Worth Rs 13,344-Cr Via Block Deal

OutlookIndia

OutlookIndia · 2m ago

ITC Shares Tumble 5% After BAT Likely Offloads Equity Worth Rs 13,344-Cr Via Block Deal

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.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

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.

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

Inc42 · 1y ago

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

In a recent block deal, around 1.06% stake or 9.35 Cr shares of Zomato were exchanged, fetching a total transaction value of INR 1,127 Cr. The buyers and sellers in the deal remain undisclosed. Japanese tech investor SoftBank's SVF Growth is also reportedly looking to offload another 1.1% stake in Zomato, worth $135 Mn. Zomato shares were trading at INR 123.6 apiece, showing a 1.3% increase from its previous close.

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