Latest news with #stakeSale
Bloomberg
3 days ago
- Business
- Bloomberg
Adani Energy Approves Raising $502 Million Via Share Sale
Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit's board passed an enabling resolution to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday.
Bloomberg
4 days ago
- Business
- Bloomberg
First Abu Dhabi Bank Shareholder Offers $480 Million Stake
A shareholder in First Abu Dhabi Bank PJSC plans to sell a roughly 1% stake in the UAE-based bank, exiting its position in the lender. The undisclosed investor is offering about 113 million shares at a fixed price of 15.50 dirhams apiece, according to terms seen by Bloomberg. The stake would be worth about 1.75 billion dirhams ($480 million) at that price.
Bloomberg
6 days ago
- Business
- Bloomberg
Exxon (XOM) Enters Exclusive Talks to Sell Most of Its French Business
Exxon Mobil Corp. entered exclusive talks to sell its entire 82.89% stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about €400 million ($350 million). If completed, the deal would significantly diminish Exxon's presence in France, after the company announced last year that it would shut down Bloomberg Terminal part of its petrochemical operations in the country. The moves highlight the challenges faced by Europe to keep energy-intensive industries running amid regulations to curb greenhouse gas emissions and international competition.
Reuters
27-05-2025
- Business
- Reuters
India's IndiGo co-founder to sell up to $1.4 billion worth of shares, term sheet shows
SYDNEY, May 27 (Reuters) - The co-founder of Indian airline IndiGo ( opens new tab, Rakesh Gangwal, will sell a stake of up to 5.7% in the low-cost carrier through a block deal worth up to $1.4 billion, a term sheet seen by Reuters showed on Tuesday. The share sale will have a floor price of 5,175 rupees ($60.84), the term sheet showed, or a discocunt of 4.5% from the company's closing price on Monday. ($1=85.0630 Indian rupees)
Bloomberg
26-05-2025
- Business
- Bloomberg
IndiGo's Gangwal Seeks $803 Million From Share Sale, Terms Show
Rakesh Gangwal, the co-founder of India's largest airline IndiGo, and his family trust are seeking as much as $803 million from the sale of 3.4% stake in the carrier, as the billionaire continues to reduce his holding in operator InterGlobe Aviation Ltd. Gangwal and The Chinkerpoo Family Trust are selling as many as 13.2 million shares of the airline at a floor price of 5,175 rupees ($61), according to terms of the deal seen by Bloomberg News. That is a 4.5% discount to Monday's closing price of 5,420 rupees.
