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Wednesday, 05 May 2021 16:22 Capital Markets
“State-owned Bharat Petroleum Corporation (BPCL) is likely to sell up to 8.68 crore shares, or 4 per cent of the company equity, through a block deal. The company, according to bankers, has set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday’s closing price of Rs 467.”, reported Economic Times.
Cyril Amarchand Mangaldas advised
Citi’s Mauritius arm to sell over 1.6% in NSE
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Citi’s Mauritius arm to sell over 1.6% in NSE
Partha Sinha / TNN / Updated: Mar 16, 2021, 14:33 IST
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MUMBAI: A Mauritius arm of Citibank is selling over 81 lakh shares of the unlisted National Stock Exchange (NSE) at a floor price of Rs 1,475-per-share, aggregating to nearly Rs 1,200 crore.
At this price, India’s largest exchange is valued at about Rs 73,000 crore (around $10 billion). According to the deal’s term sheet, the bids are being invited from institutional buyers till March 19. The deal is set to close by May 31.
Citigroup Strategic Holdings Mauritius is selling 81.3 lakh shares with the minimum lot size of 5 lakh shares. NSE’s last disclosed shareholding pattern shows that this represents 1.64% of the exchange. Market players said with the floor price set at Rs 1,475 per share, the final price could be higher. Citigroup Global Markets India is the adviser to the deal.
(This story originally appeared in on Mar 16, 2021)Mumbai: A Mauritius arm of Citibank is selling over 81 lakh shares of the unlisted National Stock Exchange (NSE) at a floor price of Rs 1,475-per-share, aggregating to nearly Rs 1,200 crore. At this price, India’s largest exchange is valued at about Rs 73,000 crore (around $10 billion). According to the deal’s term sheet, the bids are being invited from institutional buyers till March 19. The deal is set to close by May 31.
Citigroup Strategic Holdings Mauritius is selling 81.3 lakh shares with the minimum lot size of 5 lakh shares. NSE’s last disclosed shareholding pattern shows that this represents 1.6% of the exchange. Market players said the final price could be higher. Citigroup Global Markets India is the adviser to the deal.
Airtel to acquire 20 pc stake in Bharti Telemedia from Warburg Pincus ANI | Updated: Feb 18, 2021 12:18 IST
New Delhi [India], Feb 18 (ANI): Bharti Airtel will acquire Warburg Pincus affiliate s 20 per cent equity stake in its DTH arm Bharti Telemedia for Rs 3,126 crore which will be discharged primarily via issuance of 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,038 crore in cash.
The proposed transaction is part of Airtel s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group. A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers to promote its One Home strategy.