Last Updated: March 01, 2023, 08:25 IST
The Nifty futures contract traded on the Singapore Exchange signifies a destructive begin to home equities. The contract was buying and selling at 17,354, down 45 factors or 0.26% from the earlier shut.
Delhivery
Reports recommend that TenderBank would possibly offload a 3.4% stake within the firm via a block deal at a 3% low cost to the present market worth. Supposedly, the deal dimension is value $100 million and the ground worth of the deal has been set at Rs 335.1 per fairness share. TenderBank retains the choice to upsize as nicely.
Vedanta
Vedanta Resources, the mum or dad firm of Indian mining main Vedanta, is in superior phases to tie up recent loans of $1 billion from a syndicate of banks. The firm can also be shut to finalizing $750-million bilateral amenities, and is assured of assembly its maturities for Q1FY23. “The remaining liquidity requirements can be addressed internally,” the corporate stated in its submitting with Singapore Exchange.
Axis Bank
Completed acquisition of Citibank’s India Consumer Business NBFC Consumer Business on 1 March. The money consideration for the acquisition stands at Rs 11,603 crore.
NTPC
Completed the switch of 15 renewable vitality property to NTPC Green Energy, a completely owned subsidiary of NTPC. The firm additionally transferred 100% fairness shareholding held in NTPC Renewable Energy Limited, a completely owned subsidiary of NTPC, to NTPC Green Energy.
Adani Enterprises
Mundra Aluminium, a subsidiary, was declared as most well-liked bidder for a mineral bauxite block in Odisha, following which, the Government of Odisha issued the corporate a Letter of Intent.
Centrum Capital
Centrum Housing Finance, a subsidiary, accomplished the acquisition of the housing finance enterprise of National Trust Housing Finance.
Vodafone Idea
Completed the issuance and allotment of 16,000 Optionally Convertible Debentures, with face worth of Rs 10,00,000 every to ATC Telecom Infrastructure Private Limited.
Power Grid
Has been declared because the profitable bidder and acquired a Letter of Intent for “Establishment of Khavda Pooling Station-3 (KPS3) in Khavda RE Park” on a construct, personal, function and switch foundation.
Zydus
Received closing approval from the USFDA for two.5 mg and 5 mg Apixaban Tablets.
Bharat Electronics
Signed a Frame Supply Agreement with Thales Reliance Defence Systems for the manufacture and provide of TR Modules, Radar Line Replaceable Units and Micro Modules utilized in Rafael fighter aircrafts.
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