British telecommunications giant Vodafone Plc sold 484.7 million shares, representing an 18 per cent stake, in tower management company Indus Towers through block deals on Wednesday, raising 15,300 crore.
This marked the largest transaction among domestic markets, which saw block deals totalling ₹28,500 crore ($3.4 billion) on the same day.
Other prominent deals included Wabco Asia's sale of 2,194 crore (7.51 per cent stake) in multinational firm ZF Commercial Vehicle Control Systems India (formerly Wabco India), and Fosun Pharma's 6 per cent equity stake sale in Gland Pharma for ₹1,754 crore.
In addition, private equity major WestBridge sold a 1.75 per cent stake in AU Small Finance Bank for 845 crore.
This surge in share sales reflects a record year for India's domestic markets. According to Bloomberg, India leads Asia in block trades and share placements this year, with transactions exceeding $20 billion (1.7 trillion). This activity is driven by soaring stock prices and substantial inflows into domestic mutual funds.
この記事は Business Standard の June 20, 2024 版に掲載されています。
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この記事は Business Standard の June 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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