InterGlobe Aviation

Rakesh Gangwal, co-founder of IndiGo, and his family are planning to sell a 2.8% stake in InterGlobe Aviation, the holding company of IndiGo Airlines, through a block deal. As part of the block deal, as many as 10.8 million shares belonging to the Gangwal family have been listed for sale for Rs 1,996 crore. The shares are listed at Rs 1,850 per share, a discount of 6.5%, when compared to InterGlobe Aviation’s closing price of Rs 1,977 on September 7 on the NSE.

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Zee Entertainment

The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Zee Entertainment Enterprises to hold a shareholders’ meeting next month for the proposed merger with broadcaster Sony. In July, Zee received approval from the BSE and the NSE for its proposed merger with Culver Max Entertainment.

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Bharti Airtel

Singtel companies on Wednesday jointly sold a 1.76% stake in Bharti Airtel for around Rs 7,128 crore, according to a Livemint report. Bharti Airtel promoter Bharti Telecom Limited has bought a 1.63% stake from Singtel entity Pastel Limited for Rs 6,602 crore via an open market transaction. According to bulk deal data on the National Stock Exchange (NSE), Bharti Telecom bought 9,62,34,427 shares, amounting to a 1.63% stake in the company.

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Concord Drugs

The company board of directors has given its nod for the acquisition of up to 100% stake in Proton Remedies Private Limited as Rs 283 per share on a cash basis, and the issue of up to 12,56,250 convertible warrants to the promoters on a preferential basis at an issue price of Rs 33 per warrant.

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SBC Exports

The company has secured a contract from the Institute of Company Secretaries of India. The order cost of the said contract is Rs 3.17 crore, and the period of the contract will be initially for a duration of two years which will be renewed after the expiry of the same. Earlier, the company had received a tender for providing various types of manpower services on an outsourced basis at various offices of the Institute of Company Secretaries of India (ICSI) at different locations in India.

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Capacite Infraprojects

NewQuest Asia Investments II Ltd has offloaded a 2.36% stake or 16 lakh equity shares in the company through open market transactions during August 16-September 2. With this, its stake in the company reduced to 7.39%, down from 9.75% earlier.

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Schneider Electric Infrastructure

The company said its board of directors has given approval for enhancing the production capacity of vacuum interrupters and vacuum circuit breakers by setting up a manufacturing unit in Kolkata.

Duroply Industries

Ace investors Porinju Veliyath and Litty Thomas bought an additional 2.12% stake or 1.58 lakh shares in the company through preferential allotment. With this, their shareholding in the company increased to 7.01%, up from 4.89% earlier.

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Safari Industries (India)

Investcorp Private Equity Fund II owned a 5.55% stake in the company after the conversion of 13.15 lakh compulsory convertible debentures into a similar number of equity shares. The conversion of debentures into equity took place on August 30.