Latest news with #JayantiSinha
Business Upturn
6 days ago
- Business
- Business Upturn
Alkem Labs shares trade lower after Rs 856 crore block deal
By Aditya Bhagchandani Published on June 4, 2025, 09:31 IST Shares of Alkem Laboratories came into focus on Tuesday following a large block deal worth ₹856.39 crore executed on the BSE. The transaction involved the exchange of approximately 17.49 lakh shares at a price of ₹4,895.60 per share. Ahead of the trade, reports had indicated that Jayanti Sinha, a member of the promoter group, was planning to offload a 1.42% stake in the company. As per the March 2025 shareholding data, Sinha held a 2.46% stake in Alkem Laboratories. The block deal, executed at a floor price of ₹4,850, was offered at a nearly 3% discount to the last traded price. Promoters hold a controlling 55.1% stake in Alkem, while foreign institutional investors (FIIs) and domestic institutional investors (DIIs) own 9.4% and 19.4% stakes respectively. The public holds the remaining 16.1% of the equity. Financially, Alkem Labs reported a 4.2% year-on-year increase in net profit to ₹305.9 crore for the March quarter. Revenue rose 7.1% to ₹3,143.8 crore, but EBITDA margins saw a decline to 12.4% from 13.7% last year, leading to some investor disappointment. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
6 days ago
- Business
- Time of India
Four block deals worth Rs 3.5k crore today
MUMBAI: Existing shareholders in four companies are planning to sell their stakes through block trades on Wednesday, aiming to mobilise about Rs 3,500 crore, sources said. Private equity major TPG is selling its entire 2.1% stake in Tata Technologies, which could fetch about Rs 630 crore. Tired of too many ads? go ad free now Through another block trade, CA Dawn Investments, an arm of another PE major Carlyle, is offering to sell 10.2% in Indegene to mop up about Rs 1,400 crore. Flipkart Investments is selling about 6% in Aditya Birla Fashion & Retail, eyeing about Rs 580 crore. Through another block, Jayanti Sinha, one of the promoters of Alkem Laboratories, is selling 1.4% in the company to mop up about Rs 825 crore.
Mint
6 days ago
- Business
- Mint
Investors line up four block deals worth ₹3,480 crore on 4 June
Institutional investors have lined up four block deals worth nearly ₹ 3,500 crore on June 4, according to term sheets, as they look to take advantage of the rebound in the Indian equity market. The investors plan to sell stakes in Indegene Ltd, Tata Technologies Ltd, Alkem Laboratories Ltd and Aditya Birla Fashions Ltd, the terms reviewed by Mint show. Jayanti Sinha, part of the promoter group, is looking sell 2.9% stake in Alkem Laboratories ( ₹ 825 crore); CA Dawn Investments, vehicle for global PE firm Carlyle, is offloading 10.2% in Indegene ( ₹ 1,420 crore); TPG Rise is exiting its entire 2% in Tata Technologies ( ₹ 635 crore); and Flipkart is selling around 6% stake in Aditya Birla Fashion and Retail ( ₹ 600 crore), according to the terms. The deals are likely to be completed on 4 June 4. 'The sellers want to take advantage of the market conditions and, given the depth of the equity markets, they are confident of finding buyers,' said an investment banker involved in one of these deals. While Axis Capital is advising Sinha, Bank of America is advising TPG. Goldman Sachs is helping Flipkart and Kotak Securities and IIFL is advising Carlyle on the sale, the term sheets show. After a brief lull in the market towards the beginning of the year, investors and bankers are now seeing green shoots of activity in the equity capital markets. Ather Energy became the first company to exploit a window earlier this financial year to list on the exchanges. In just the first 15 days of May, investors executed 12 block deals worth ₹ 3,541.97 crore compared with only five deals aggregating ₹ 506.37 crore in April, Mint reported previously, citing data from Prime Database. The broader Nifty 50 closed 174 points or 0.7% lower at 24,542.50 points on Tuesday. But the benchmark index has rebounded 12.86% from its last low of 21,744 on 7 April this year. 'This (block deals) has been on account of a rebound in market sentiment and geopolitical de-escalation and supported by close to $3 billion in FII (foreign institutional investor) net inflows this quarter, along with steady DII (domestic institutional investors) participation, signaling renewed investor confidence," Gaurav Sood, managing director and head, equity capital markets at Avendus Capital, an investment banking firm, was quoted in the report. Some of the marquee block deals in May included Antfin selling 4% stake in Paytm; General Atlantic divesting 6.9% in KFin Technologies, and Singapore Telecommunications Ltd offloading 1% stake to Bharti Airtel.
Mint
6 days ago
- Business
- Mint
Investors line up four block deals worth ₹3,480 crore on 4 June
Institutional investors have lined up four block deals worth nearly ₹ 3,500 crore on June 4, according to term sheets, as they look to take advantage of the rebound in the Indian equity market. The investors plan to sell stakes in Indegene Ltd, Tata Technologies Ltd, Alkem Laboratories Ltd and Aditya Birla Fashions Ltd, the terms reviewed by Mint show. Jayanti Sinha, part of the promoter group, is looking sell 2.9% stake in Alkem Laboratories ( ₹ 825 crore); CA Dawn Investments, vehicle for global PE firm Carlyle, is offloading 10.2% in Indegene ( ₹ 1,420 crore); TPG Rise is exiting its entire 2% in Tata Technologies ( ₹ 635 crore); and Flipkart is selling around 6% stake in Aditya Birla Fashion and Retail ( ₹ 600 crore), according to the terms. The deals are likely to be completed on 4 June 4. 'The sellers want to take advantage of the market conditions and, given the depth of the equity markets, they are confident of finding buyers,' said an investment banker involved in one of these deals. While Axis Capital is advising Sinha, Bank of America is advising TPG. Goldman Sachs is helping Flipkart and Kotak Securities and IIFL is advising Carlyle on the sale, the term sheets show. After a brief lull in the market towards the beginning of the year, investors and bankers are now seeing green shoots of activity in the equity capital markets. Ather Energy became the first company to exploit a window earlier this financial year to list on the exchanges. In just the first 15 days of May, investors executed 12 block deals worth ₹ 3,541.97 crore compared with only five deals aggregating ₹ 506.37 crore in April, Mint reported previously, citing data from Prime Database. The broader Nifty 50 closed 174 points or 0.7% lower at 24,542.50 points on Tuesday. But the benchmark index has rebounded 12.86% from its last low of 21,744 on 7 April this year. 'This (block deals) has been on account of a rebound in market sentiment and geopolitical de-escalation and supported by close to $3 billion in FII (foreign institutional investor) net inflows this quarter, along with steady DII (domestic institutional investors) participation, signaling renewed investor confidence," Gaurav Sood, managing director and head, equity capital markets at Avendus Capital, an investment banking firm, was quoted in the report. Some of the marquee block deals in May included Antfin selling 4% stake in Paytm; General Atlantic divesting 6.9% in KFin Technologies, and Singapore Telecommunications Ltd offloading 1% stake to Bharti Airtel. The expiry of lock-in periods for recently listed companies is expected to push more block trades into the market. Large investors may now look to encash stakes in startups and tech companies listed in 2023.
