Sumitomo Corporation has sold 11% stake in SML Isuzu (erstwhile Swaraj Mazda) to Isuzu Motors for about R60Cr in a negotiated sale.According to the filing, Sumitomo Corporation transferred 15,91,881 equity shares, representing 11% stake in the company, to Isuzu Motors. Post this transaction, Sumitomo Corp's holding in the company has come down to 43.96% from 54.96%, while Isuzu Motors' holding has gone up to 15%.
Vedanta Group's Agnivesh Agarwal has bought a 60% stake in Primex Healthcare that operates health care centres in Chennai. The financial details of the transaction were not disclosed.
Hubli based surface logistics and parcel delivery service provider, VKL Logistics is planning its initial public offering and raise around R400-500 Cr.