Blackstone exit from sona comstar
WebMar 14, 2024 · Private equity firm Blackstone, which held a stake in Sona BLW through an entity called Singapore VII Topco III PTE Ltd, sold nearly 12 crore shares in the company for Rs 4,917 crore on Monday in the open market at an average price of Rs 410.04 apiece. WebMar 14, 2024 · India. SHARE. Funds affiliated with Blackstone have sold their balance 20.5 per cent stake in Sona Precision Forgings (Sona Comstar), one of the leading global providers of automotive technology solutions. Before today's transaction, Aureus Investment and Blackstone held 33 per cent and 20.5 per cent, respectively, in Sona Comstar as …
Blackstone exit from sona comstar
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WebMar 14, 2024 · Gurugram (Haryana) [India], March 14 (ANI): Funds affiliated with Blackstone have sold their balance 20.5 per cent stake in Sona Precision Forgings (Sona Comstar), one of the leading global providers of automotive technology solutions. Before today’s transaction, Aureus Investment and Blackstone held 33 per cent and 20.5 per … WebJun 8, 2024 · In August 2024, Blackstone announced the merger of Chennai-based auto component firm Comstar, which it controlled, with Sunjay Kapur's Sona BLW to create Sona Comstar. Blackstone would hold a 65 ...
WebMar 15, 2024 · The recent decline in Sona Comstar share price is because of a block deal. Yesterday, on 13 March 2024, Blackstone sold its entire 20.5% stake in Sona BLW Precision Forgings for ₹ 49.2 billion ... WebAug 30, 2024 · Sona Group, Blackstone And Comstar To Create Global Automotive Platform – SONA COMSTAR. India, Friday, August 30, 2024 – Sona BLW Precision Forging Ltd., …
WebMay 11, 2024 · Sona Comstar had filed draft papers for its initial share sale with SEBI in February this year. Through the IPO, Blackstone Group will cut its stake in the company which currently stands at 66.28%. WebMar 15, 2024 · Blackstone exits Sona BLW Precision; stock gains – CLSA cuts target but bullish on growth Sona Comstar share price gained a day after private equity firm Blackstone on Monday sold its 20.50 per cent stake in an auto parts maker for Rs 4,917 crore through an open market transaction.
WebMar 13, 2024 · Blackstone, the world’s largest alternative asset manager, is selling its remaining stake in Sona BLW Precision Forgings Ltd (Sona Comstar) for $640 million, …
WebApr 5, 2024 · Blackstone completes exit from India's Sona Comstar. Justin Niessner. 14 March 2024. The Blackstone Group has completed a staged exit from India-listed … lace waist garter hose stockingsWebMar 14, 2024 · Before today’s transaction, Aureus Investment and Blackstone held 33 per cent and 20.5 per cent, respectively, in Sona Comstar as the auto technology company’s co-promoters, according to a joint statement from Blackstone and Sona Comstar released on Tuesday. This stake sale happened via bulk deals in the open market, which saw … lace violin sheet musicWebFeb 24, 2024 · The IPO comprises a fund raise via fresh issue amounting to ₹300 crore and an offer for sale aggregating up to ₹5,700 crore by Singapore VII Topco III Pte Ltd.Sona Comstar will use the ... lace vinyl wrapWebPrivate equity firm Blackstone is seeking shareholder approval for an exit return incentive (ERI) plan that envisages to pay a compensation of between 1% and 4% of the proceeds … lace waisted dressWebGlobal private equity fund Blackstone may exit its newly formed auto components joint venture (JV), Sona Comstar, within the next two years, through an initial public offering (IPO). This... lace walk car parkWebSep 3, 2024 · The IPO process could start in the next two years, according to Livemint, citing Sona Comstar Chairman Sunjay Kapur. lace wafer cookiesWebRecently Sona Comstar announced a huge milestone of producing 350 million differential gears since inception. A Differential Gear allows a vehicle's driven wheels to revolve at different speeds when going around corner. Differential Gears contribute 32% of the revenue and Sona holds a dominant market share of ~80 to 90% in India. lace washi tape