The Nifty futures contract traded on the Singapore Exchange point out a adverse begin for home equities. The contract was buying and selling at 17,093, down 69 factors or 0.40% from the earlier shut.
Equitas Small Finance Bank
Two overseas portfolio buyers (FPIs) Vanguard and Norwegian Norges Bank have picked up stakes in Equitas Small Finance Bank through open market transactions.
Delhivery
Tiger Global, by its enterprise capital agency Internet Fund III Pte, has offloaded 55.13 lakh shares, representing 0.75% fairness in logistics firm Delhivery for about Rs 177 crore by open market on Friday.
BPCL
BPCL has raised Rs 935 crore by alloting 93,561 unsecured, listed, rated, non-cumulative, redeemable, non-convertible, taxable, debentures of face worth of Rs 1,00,000 every.
HDFC
The Reserve Bank of India has imposed a penalty of Rs 5 lakh on the corporate for non-compliance with sure housing finance instructions issued by the National Housing Bank (NHB). The company’s subsidiary HDFC Capital Advisors entered right into a share subscription settlement for the acquisition of three,59,436 compulsorily convertible choice shares (CCPS) of Enviro Enablers India, which is engaged in waste administration companies.
Tata Motors
Has upgraded its passenger car portfolio to conform to stricter emission norms whereas Maruti Suzuki India and Mahindra & Mahindra are assured of transitioning their respective product vary earlier than the 1 April deadline. The Indian vehicle trade is at present working to make their merchandise meet the second part of Bharat Stage VI, equal to Euro-VI emission norms, in real-time driving circumstances.
Adani Enterprises
Has suspended work on Rs 34,900 crore petrochemical venture at Mundra in Gujarat because it focuses on assets to consolidate operations and deal with investor considerations following a damning report by a US-based brief vendor. Adani Enterprises Ltd (AEL) had in 2021 integrated a wholly-owned subsidiary, Mundra Petrochem Ltd, for establishing a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.
Tata Consumer Products
The firm has ceased negotiations with Bisleri on a possible transaction and confirmed that it has not entered into any definitive settlement or binding dedication on this matter. In November final 12 months, the corporate had mentioned it evaluated varied strategic alternatives for development and growth of its enterprise, and pursuant to this, the administration remained in discussions with varied events, together with Bisleri International.
Federal Bank
Has authorised the issuance of unsecured basel III compliant tier-II subordinate bonds amounting up to Rs 1,000 crore on a personal placement foundation.
Rail Vikas Nigam
Has emerged because the lowest bidder for a composite contract package deal in reference to the brand new BG railway line of HORC venture by Haryana Rail Infrastructure Development Corp. The price of the venture is estimated at Rs 1,088.49 crore and it’s anticipated to be executed inside 1,460 days.
Torrent Pharmaceuticals
The US Food and Drug Administration carried out a pre-approval inspection (PAI) of the corporate’s oral-oncology manufacturing facility in Gujarat throughout 13-17 March, and issued a ‘Form 483’ with one commentary, which is procedural in nature.
Biocon
Foreign portfolio investor Ahan-I bought 1.89 crore fairness shares or 1.57% stake within the firm through open market transactions at a median worth of Rs 200.74 per share.
DLF Ltd
The Realty main plans to make investments round Rs 3,500 crore over the following 4 years to assemble a brand new luxurious housing venture in Gurugram because it seeks to faucet sturdy demand for residential properties.
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