 "Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.")
Indo National Ltd, established in 1972, is a prominent manufacturer of dry-cell batteries in India, operating under the Nippo brand. Recently, the company announced its decision to sell its 51 percent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore. This move aims to fund new ventures in the aerospace and defense sectors, ...
 "Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.")
Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...
 "Peak XV Partners divests 22% stake in Indigo Paints for ₹1,557 crore as shares drop by 4.19%.")
Peak XV Partners, formerly known as Sequoia Capital India and SEA, has sold over 22 percent of its stake in Indigo Paints for Rs 1,557 crore. This divestment involved the sale of approximately 1.05 crore shares through the National Stock Exchange, with shares priced between Rs 1,475.96 and Rs 1,489.35. Following the transaction, Peak XV’s ...
 "Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.")
Max Ventures Investment Holdings, a promoter of Max Financial Services Ltd (MFSL), recently sold a 3.18 percent stake in the company for Rs 1,218 crore through an open Market transaction. This sale involved the disposal of 11 million shares at an average price of Rs 1,107.37 each. Following this transaction, the combined shareholding of the ...
