Blackstone likely to sell Sona BLW shares worth nearly Rs 4,000 crore
时间:2024-06-26 13:23:38 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:Zomato told to cough up Rupees 401 crore as GST on delivery charges
下一篇:Will Nifty reclaim 20200 or fall in trade- 8 things to know before share market opens
猜你喜欢
- Fed balm for stock markets
- YearEnder 2023- The retail industry gets its booster dose
- Your water bottle carries millions of nanoplastics every day, study finds
- Average age of Indian crypto investors has risen from 25 in 2022 to 30 in 2023- Report
- Windows 11 Insider Preview first look- The ‘boldest’ version of Windows yet
- FII DII data- FPI sold shares worth Rs 497
- F&O expiry outlook- Nifty resistance at 17950-18000; charts show bearish formation of Head & Shoulder pattern
- Bank Nifty must hold above 41250 to hit new lifetime high; buy ICICI Bank, SBI stocks on dips to pocket gains
- Bank Nifty Highlights- Nifty Bank F&O expiry shifts to Friday; index ends above 44150, Kotak Bank gains, Federal Bank falls