Bain Capital is set to exit its investment in L&T Finance by selling its remaining 3.54% stake through a block deal. The transaction involves offloading 8.82 crore shares at a floor price of ₹169.17 per share, amounting to approximately ₹1,500 crore. The sale was executed via BC Asia Investment VI, BC Asia Growth Investment, and BNP Paribas Financial SNC. Following the announcement, shares of L&T Finance gained 4% to ₹177.25 on the BSE during intraday trade. The total value of shares sold by Bain Capital and others is estimated at Rs 1,530 crore.
#MarketsWithMC | 🚨 Bain Capital offloaded its existing #shares in L&T Finance through the block deal route. Here's more on it 👇 https://t.co/2kFqjvtp7B #StockMarket #Stocks #Investment
Morgan Stanley buys 3.13 crore shares of L&T Finance for Rs 534 crore via block deal
#JustIn | L&T Finance investment deal with Bain Capital terminated today, Bain Capital sold entire 3.59% stake in the company https://t.co/vUUoSyungE
JUST IN | L&T Fin says investment pact with Bain Capital terminated today: Agencies @LnTFinance @BainCapital #StockMarket https://t.co/Ow6SClSpHm
L&T gets order in the range of Rs 2,500-5,000 crore from #ONGC.
Shares of L&T Finance gained 4% to Rs 177.25 on the #BSE in Thursday's intraday trade after over 3% of the total equity of the company changed hands via block deals.
#MarketsWithBS | Shares of L&T Finance gained 4% to Rs 177.25 on the #BSE in Thursday's intraday trade after over 3% of the total equity of the company changed hands via block deals. #ShareMarket #Markets #stockmarket #buzzingstocks https://t.co/IZZHPVZezJ
As per media sources, #Bain Capital and #BNPParibas are set to offload remaining 3.5% stake in L&T Finance in a block deal. The transaction will consist of off-loading 8.8 crore shares at ₹169.17 per share.
8.82 crore shares or 3.5% equity large trade in L&T Finance.
L&T Finance: Bain Capital Affiliates (BC Asia Investment VI, BC Asia Growth Investment) and BNP Paribas Financial SNC intend to sell their remaining 3.54% stake in a clean out block trade.
Bain Capital likely to exit L&T Finance via ₹1,500-crore block deal, floor price at ₹169.17/share @VivekIyer72 @jpullokaran https://t.co/hK5NW6TbKU
#BainCapital, others to likely offload #shares worth Rs 1,530 cr of L&T Finance: Report https://t.co/AY7yVxSgBI
#MarketsWithMC | Private #equity major Bain Capital planning to make complete exit from L&T Finance via block deal of around Rs 1,500 crore reports @ashwinmohansays Read here ⏬ https://t.co/597npZ3JQ4 #StockMarket #Markets #Trading
#MCExclusive 🚨 | Private equity major Bain Capital planning to make complete exit from L&T Finance via block deal of around ₹1,500 crore reports @ashwinmohansays Read more on it here👇 https://t.co/597npZ4hFC #BainCapital #LTFinance #Stake
#NewsFlash | L&T Finance: Bain Capital likely to sell 88.2 m shares of the co, floor price at ₹169.17/sh, sources to @nimeshscnbc https://t.co/FM0VwY991k