By Asit Ranjan Mishra
The Bharat 22 ETF includes 22 central public sector enterprise (CPSE) stocks.
India Digest: Everstone eyes JS Hospitality exit; Indian Hotels plans rights issue; Piramal Fin extends loans
Everstone Capital is looking to sell its 45% stake in JS Hospitality, the operator of Pind Balluchi chain of restaurants.
The firm aims to close larger deals in the country.
The firm was founded by Sudheer Kuppam, former India and Asia Pacific managing director of Intel Capital.
In July 2016, Aarin Capital had partially sold its stake in test preparation course provider Byju’s.
Inox is India’s second largest wind-turbine maker by market share.
Under Indian regulations, Fosun can acquire up to 74% stake in Gland Pharma without needing government approval,
TPG has decided to sell its entire 73% stake if there is a buyer for an overall valuation of $500 million.
The deal has been termed by Essar as the largest foreign direct investment in India.
After the stock went through a sharp correction on Friday on CEO Vishal Sikka’s surprise exit.