In a block deal on BSE, Indivest, an affiliate of Government of Singapore Investment Corporation sold 1.94 Cr shares of Adani Ports & Special Economic Zone at a price of R150 per share aggregating to around R290 Cr.
As on quarter ending March'13, Indivest held 3.55 crore shares, equivalent to 1.78% stake in Adani Ports, while Mavi Investments Fund held 2.2 Cr shares, equivalent to 1.1% stake.
On June 5th, in order to comply with Sebi's 25% public shareholding norm, it diluted 3.33% promoter stake and raised around R1,000 Cr.
Recently Adani Ports was planning to buy Dhamra port in Orissa from a consortium comprising Larsen and Toubro Ltd (L&T) and Tata Steel Ltd for about R5,000 Cr.
Adani Ports On BSE:
In February, CLSA Mauritius sold 33.54 Lac shares (0.78%)of Essar Ports for an average price of R83.84 a piece valuing the deal at R28.12 Cr.
Fast growing private bank YES Bank's CEO Rana Kapoor and NRI Ravi Pillai have been identified as contenders to buy Four Seasons Hotel in Bangalore, TOI states. The ongoing project is a lifestyle development with names like Deepika Padukone and Infosys founders having bought homes in it.
UltraTech Cement Ltd. which was trying to buy the cements business from Jaiprakash Associates Ltd in a $2.3 billion deal, has met some road blocks as the debt ridden Jaypee Group has been unable to meet certain financial commitments including clearing statutory dues and providing working capital for the plants under review.