Block Deal News Today

Bain Capital to sell $431 million worth stake in Axis Bank through block deal: Report

Gangwal and his family have been gradually reduction in their shareholding in the company, effectively lowering the promoter group’s holding to 57.3% following the latest block deal

FOIP raised investment through set of HNI investors in block deal for their office space comprising of 18,000 sqft area.

Block deal: Whirlpool was planning to sell its stake at Rs 1,230 per share, a 7.6 per cent discount to Monday's closing price, with the transaction is expected to be finalised by Wednesday, Reuters suggested.

Whirpool Mauritius, which holds 75% shares in India unit, looks to sell as much as 24% stake for $451 million (around ₹3,749 crore).

A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector.

A foreign entity was the seller and the stake was bought by a clutch of foreign and domestic institutional buyers, CNBC-tV18 reported citing sources.

US-based GQG Partners is in talks to buy a stake in Vedanta. A big block deal worth over Rs 2,600 crore took place in Vedanta. The stake sale could be part of the Anil Agarwal-led mining companys efforts to raise capital to repay debt.

Dipan Mehta of Elixir Equities is positive on software companies, particularly HCL Tech., but he would prefer to go for midcap IT stocks. But there I should expect some more correction before I look at buying into those companiesHe questions the credibility of Zees management and doubts their ability to create value. Mehta prefers to wait and watch the performance of recently listed banking and power financier companies before making investment decisions.

In the intra-day trade, the scrip of state-run oil marketing company hit a 52-week high of Rs 651.80 and Rs 651.65 apiece on the BSE and NSE, respectively.