Nikhil Kamath adds onto the stake in Nazara. May add more in future.

Nazara has made a preferential allotment to Nikhil Kamath (Zerodha co-founder). Allotment is for Rs 100 cr @ Rs 714/ per share (pre announcement market price was Rs 759.55/ share) Nikhil controlled entities already had a stake of around 1% in the Company and this deal will increase his stake to around 3.5%. He has … Read more

SJS promoters sell significant stake

In a surprise move, the promoters of SJS have sold 29.5% through the open market transactions. The selling is by a promoter entity, Evergraph Holdings Pte. It’s shareholding has consequently declined from 34.15% to 4.63%. What’s more interesting is – the combined promoter stake has now fallen to just 21.81% (from the earlier majority of … Read more

Reliance Retail raises money from QIA at double the valuation in 3 yrs

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more

Titan increases ownership in Caratlane

Titan has decided to buyout balance 27.18% stake from the promoter of Caratlane, Mithun Sacheti. This will increase Titan’s stake in Caratlane from 71.09%  to 98.28%. Titan had bought 62% stake in Caratlane seven years ago (2017) from US-based hedge fund and venture capital investor Tiger Global for about Rs 357 crore. The transaction then … Read more

VSS buying sizeable chunk from Antfin. Don’t jump.

Paytm has informed that it’s Founder MD & CEO, Vijay Shekhar Sharma (VSS) is acquiring 10.30% stake from Antfin. Stake is being acquired through a 100% foreign entity owned by VSS – Resilient Asset Management B.V. In lieu of the acquisition, Resilient is issuing Optionally Convertible Debentures (OCDs) to Antfin Post transaction – VSS’s shareholding … Read more

M&M buys into RBL

In a sudden announcement, M&M has informed to have acquired 3.53% stake into RBL Bank. Stake has been acquired from secondary market at a total value of Rs 417 cr. Average acquisition price is estimated at around Rs 199 per share as against RBL’s current trading price of Rs 239/ share. M&M has informed that … Read more

Reliance Retail to buyback minority

Reliance Industries (RIL) has announced that it’s subsidiary Reliance Retail (RRL) has approved a proposal to buyback and reduce it’s equity share capital to the extent held by the shareholders other than it’s promoter and holding company, Reliance Retail Ventures Limited (RRVL). RIL holds 85.06% of RRVL, which in turn holds 99.93% of RRL RRL … Read more

Amrutanjan announces Buyback

Key buyback details – upto 1.10% of total equity shares are being sought in the buy back Buy back price is fixed at Rs 900/ share which is 35% premium over the previous day’s closing price Rs 28.8 cr is expected to be spent on buyback (excluding statutory charges) Record date has been fixed at … Read more

ISec proposes to delist the shares

In a surprise announcement ICICI Securities (ISec) has proposed to delist the shares. ISec was listed 5 yrs back in March 2018, when like any other IPO it was being termed as value unlocking exercise by the ICICI Bank (IBank) Post IPO, IBank’s shareholding had reduced to 79.22% which further reduced to 74.85% currently. Of … Read more