[ad_1] New Delhi, May 26 (PTI) InterGlobe Aviation promoter Rakesh Gangwal and his family trust are likely to offload up to 3.4 per cent stake worth at least ₹6,831 crore in the airline on Tuesday, according to sources. Gangwal, the co-founder of IndiGo, has been offloading his holding in a phased manner following a bitter…
[ad_1] The government is looking to sell stakes in Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and UCO Bank to comply with the Securities and Exchange Board of India’s rule mandating a minimum 25% public shareholding for all listed companies. Qualified institutional placements enable publicly traded companies to…
[ad_1] Highdell Investment, a subsidiary of Warburg Pincus, will sell a 2.36 per cent stake worth ₹1,300 crore in Kalyan Jewellers to its promoter, the jewellery maker said in an exchange filing on Wednesday, August 21. The foreign investor is selling 2.42 crore equity shares in the jewellery maker for a purchase price of ₹535…
