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Financial Technologies divests 5.18% stake in MCX

Financial Technologies (India) Ltd has offered 26,43,916 equity shares of face value of Rs. 10/- each of Multi Commodity Exchange of India Limited (MCX) in the recently concluded IPO for a consideration of Rs. 1,032/- per share.

The abovesaid disinvestment by FTIL was in terms of Equity Structure Guidelines dated July 29, 2009, issued by Forward Market Commission.

Subsequent to the disinvestment, FTIL is holding 26% in the equity share capital of MCX.

Source: Equity Bulls

Khazanah sells Yes Bank stake for $105 million

Malaysia’s state investment arm, Khazanah Nasional, has sold its little more than 4 percent holding in India’s private sector lender Yes Bank for about $105 million, two sources with direct knowledge of the deal said on Monday. Khazanah sold the shares of Yes Bank in stock market block deals on Monday, said the sources, who did not want to be named as the information is not public yet. Khazanah and Yes Bank declined to comment. Credit Suisse was the sole […]

Bank Muscat buys into six Indian firms

Overseas investor Bank Muscat India Fund on Friday purchased stakes in six Indian companies, including LIC Housing Finance and M&M Financial Services, through various open market transactions worth a total of about Rs 172 crore (US$34 million). Bank Muscat bought stakes in India Infoline, Lakshmi Overseas Industries, LIC Housing Finance, Mahindra & Mahindra Financial Services, DLF and Lakshmi Energy and Foods from Taib Securities Mauritius Ltd, while shares were sold in these companies by Taib Securities Mauritius. As per the […]

PE funds step up logistics play on retail FDI hopes

At a time when the government has renewed efforts to build a consensus on multi-brand retail FDI, private equity investors are stepping up investments in the logistics sector, seen as a key gainer if the policy gets through. The latest in the series of deals is an investment by US-based General Atlantic LLC, which manages approximately $17 billion in capital globally, in bulk logistics solutions provider Fourcee Infrastructure Equipment Pvt Ltd. While the exact investment amount was undisclosed, General Atlantic […]

PE-backed companies to drive action in primary market

Private equity-backed companies will potentially drive the primary market as their PE investors will look to exit with decent returns in the next few years. The trend will mostly be evident among small-and medium-sized companies which have achieved the targeted revenues and where the growth potential is high, according to investment bankers. Mumbai-based Broking and investment banking firm Anand Rathi Financial Services has shortlisted some 78 unlisted companies in which many leading PE investors bought stakes in the past, and […]