Blackstone likely to sell Sona BLW shares worth nearly Rs 4,000 crore
时间:2024-06-28 23:28:51 阅读(143)
Blackstone Inc. is seeking to raise as much as 31.8 billion rupees ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar, according to terms of the deal seen by Bloomberg News. An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at 500 rupees each, the terms show. That’s a 7.2% discount to Wednesday’s closing price.
If there’s enough investor demand, Blackstone could increase the deal size to 39.7 billion rupees, according to the terms.The Indian unit of Nomura Holdings Inc. is the sole placement agent of the deal. Books are set to close Thursday. The Blackstone-controlled entity held a 34.1% stake in Sona as of June, according to data compiled by Bloomberg.
Sona’s initial public offering in June last year raised about $776 million for the company and its shareholders, in a deal that saw more than twice as many subscriptions as there were available shares. The IPO included a sale of new shares worth 3 billion rupees, while Blackstone divested a portion of its stake. The company’s shares have rallied about 85% since their debut.
上一篇:Winter vacations for primary schools in Delhi extends till January 12
下一篇:ZEEL, HDFC Bank, Axis Bank, Jindal Steel, Sanofi India, Titan stocks in focus
猜你喜欢
- Zephyr Peacock plans 7-9 investments from $100-million third fund in next 2 years
- Tata Motors- Electric vehicles profitability to improve
- Will the Nifty scale past 19,850- Check GIFT Nifty, FII Data, F&O Ban, Crude, and more before market opens
- Yogi’s Tourism Agenda- Helicopter connectivity and dedicated veterinarians for UP’s wildlife sanctuaries – Details here
- With more local value additions, electronics manufacturing sector to be worth USD 115 billion in 2024
- World stocks gain after Wall Street has best day in 6 weeks
- Will profit booking in markets continue and Nifty hover around 21000- 8 things to know before the share market opens
- Wipro, NHPC, Lupin, Tata Power, Bandhan Bank, Maruti Suzuki, TVS Motor stocks in focus on weekly F&O expiry
- Syrma SGS Tech Rs 840 crore IPO opens 12 August- Grey market premium up; should you subscribe-