TPG Asia VII Sf Pte, the public shareholder of Five-Star Business Finance Ltd., sold 1.93% stake in the company for Rs 425.2 crore. The shareholder sold 56.54 lakh shares at Rs 752.02 apiece, according to bulk deal data.
Details of the buyers were not disclosed. In December, the US based private equity firm held 11.22% stake in the company.
Canara Bank Ltd., Voltas Ltd., and Oil India Ltd. are among the 18 stocks slated to be added to the MSCI's India Index during the rebalancing announcement scheduled for after market hours on May 14, according to JM Financial Institutional Securities.
The brokerage expects that these changes will result in an inflow of approximately $2.7 billion into the index.
Ride-hailing giant Ola said it has "reassessed priorities" and has decided to shutter its overseas ride-hailing business altogether from three international markets, viz., the UK, Australia and New Zealand, by the end of this month, to concentrate on the domestic market.
Bandhan Bank Ltd.'s Chandra Shekhar Ghosh will step down as the chief executive officer and managing director after his tenure ends.
Ghosh will cease to be the private sector bank's CEO and MD after the completion of his services on July 9, according to an exchange filing on Friday. He has been serving as its CEO and MD since July 10, 2015.
In a letter dated April 5 to the board of directors, Ghosh feels that the time has now come for him to assume a larger strategic role at Bandhan group level.
The Reserve Bank of India reiterated that there is no change in norms related to exchange-trade rupee derivatives, while underlining regulations under Foreign Exchange Management Act, 1999.
"This is something which every market player knew . If you read the past circulars very carefully, it has been always there. So, therefore, if somebody says it is new, it is not correct," Governor Shaktikanta Das said in the post-policy media briefing on Friday.