Vodafone idea: The debt-ridden telecom operator said the board has agreed to raise Rs 14,500 crore, including Rs 4,500 crore from promoter entities – Vodafone and Aditya Birla Group. An amount of Rs 10,000 crore would be raised through equity or debt instruments, in one or more tranches.
Vedanta: Societe Generale has unloaded 2.24 crore shares of metal major Vedanta for nearly Rs 880 crore through an open market transaction. According to the bulk deal data available from the NSE, Societe Generale has sold a total of 2,2,450,200 shares, representing a 0.6 percent stake in the company.
L&T technology services: Infrastructure giant L&T’s engineering services division said it has won a multi-year contract from leading aircraft manufacturer Airbus. However, it did not disclose the total deal amount for the contract.
Yes Bank: The private equity group Carlyle is considering an investment of Rs 3,750-4,500 crore in Yes Bank along with peer Advent International, according to those in the know. The lender is in talks with the private equity (PE) investors to raise Rs 7,500-11,250 crore ($1-1.5 billion) of growth capital to further strengthen its balance sheet.
Indiamart Intermes: The online B2B platform said it has invested about Rs 17 crore in software-as-a-service (SaaS) company Zimyo Consulting. COVID-19 has accelerated the adoption of SaaS-based HR management solutions by both new and traditional businesses.
escort: Japan’s Kubota Corporation has revised its share offering opening and closing dates for its open offer for Escorts to acquire an additional 28.42 percent stake of public shareholders. The start date of the tender period was set on January 11, 2022 and the closing date on January 24, 2022.
Indian Energy Exchange: The energy exchange said it had realized a volume growth of 29 percent in February in all market segments. Energy consumption of 105.5 BU grew 2.2 percent year-over-year, while the national peak demand of 193.6 GW in February 2022 grew 3 percent year-on-year.
BSE: The leading exchange said it has partnered with Cotton Guru Maha FPO Federation, enabling the exchange to reach a large group of stakeholders in the cotton value chain.
Financial Services Mahindra & Mahindra: The leading NBFC said loan disbursements rose 44 percent to Rs 2,733 crore in February, aided by continued business momentum. Collection efficiency during the month was 98 percent.
Wockhardt: The pharmaceutical company said it has a fixed issue price of Rs 225 per share for its Rs 748-crore rights offering. The capital raising committee of the company’s board of directors decided on Thursday to approve the issuance of 3.33 crore of fully paid-up shares, added up to just over Rs 748 crore.
Indian hotel company: The hotel chain Tata Groups has announced the opening of Vivanta Navi Mumbai in Turbhe. With the addition of this hotel, IHCL will have 12 hotels in the Mumbai Metropolitan Area (MMR), including three under development. Turbhe is a suburb of Navi Mumbai.
Eveready Industries India: The battery and flashlight manufacturer said its non-executive chairman Aditya Khaitan and general manager Amritanshu Khaitan have resigned following an open offer from the Burman group.
ROB: The Indian unit of German pump and valve manufacturer said it expects the business to grow at double digits in 2022 as a result of higher corporate capital expenditures as a new investment cycle begins in India Inc.
Gabriel India: HDFC Asset Management Company acquired an additional 2.13 percent interest through open market operations on March 2 through multiple programs, bringing its shareholding in the company to 9.17 percent today.
LT foods: The consumer food company announced the acquisition of a 51 percent stake in US-based Golden Star Trading Inc, along with its brand, for an undisclosed amount, with a call option to own an additional 49 percent at the end of three years. power to buy.
SJVN: The state power producer said SBI and PNB will provide financial support of Rs 1,537 crore and Rs 319 crore for two of its projects. The company has also received financial closures from the two banks for the 210 MW Luhri-1 hydropower project in Himachal Pradesh and the 75 MW Parasan solar project in Uttar Pradesh.
Themis Medicare: The company has received approval for its immunomodulatory antiviral drug Viralex from Drug Controller General of India. The drug will be used to treat COVID-19.