Tag
Divestment
3 articles
HGS Subsidiary IMCL Divests Two Step-Down Subsidiaries
Hinduja Global Solutions subsidiary IMCL approved divestment of entire 51% stake in Bhima Riddhi Infotainment for ₹16 crore consideration.
IMCL also approved divestment of entire 51.15% stake in Vinsa
LIC Promoter Sells 2.5% Stake via OFS for ₹31,552 Cr
President of India, as LIC's promoter, sold 316.25 crore shares (2.5% stake) via OFS on Aug 4-5, 2026, generating approx. ₹31,552.34 crore gross consideration.
The OFS included an oversubscription opt
LIC OFS: Government Exercises 6.5% Stake Sale Option
Government of India exercises oversubscription option to sell 6.5% stake in LIC via OFS.
Offer comprises 82.22 crore shares with 10% reserved for retail investors on August 5.
Retail investors and emp