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Bhushan Power Acquires 14.77% Stake In Nova Iron & Steel

by Charmi Gutka
 
@charmi

Bhushan Power And Steel Limited has bought 14.77% stake in @Nova_Iron Limited for Rs.26.05 Cr through open market transaction.

Bhushan Power bought 22.25 Mn shares at Rs.11.71 per share through bulk deal on BSE. It is also planning to acquire controlling stake in the company and plans to make an open offer in the long-term.

Transaction Reference: BSE


TPG Group Invests Rs 150 Cr In AGS Transact Technologies

PE investor TPG Group has bought 20% stake in Mumbai-based AGS Transact Technologies Limited for Rs.150 Cr. The deal values AGS Transact at Rs.750 Cr.AGS Transact will use the amount to fund the ATM outsourcing roll-outs for leading banks such as Axis ...

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La Opala To Raise Funds From WestBridge

La Opala RG Limited is raising INR 552.7 Mn by issuing 5,02,468 Equity Shares at a unit price of INR 1,100 on preferential basis to WestBridge Crossover Fund, LLC. Post the issue which is pending for shareholder consent, Westbridge will hold 4.53% stake in the company.

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