Vedanta, Indian Petroleum, SBI, HDFC, JK Cement, Paytm, Hero Motocorp, Bajaj Finance | Rare Techy
Shriram City Union Finance:
Last day to buy before the merger
Last day of purchase to be eligible for the giveaway
Closing Time Ends:
Go Fashions / E-Mudhra / Ethos: Closing period ends for Pre-IPO Investors
the lock opens at 47%/51%/60% of the share respectively.
The board approved the issue of Rights up to 200 thousand. 49.60 Kr. Fedex Securities Private Limited has been appointed as Chief Executive / Merchant Banker.
LIC reduced its stake to 5.17 percent from 3.13 percent of the paid up capital.
The board approved the proposal to purchase the equity shares through the open market
Purchase of shares subscribed for Rs. 200 per share
The indicative number of shares for purchase is 49 thousand equivalent shares (~0.55% ESC)
A company to spend up to Rs. 98 Cr on share purchase
The Board of Directors gave in-principle approval for setting up a wholly owned subsidiary in India to explore business opportunities in the Carbon Market.
Attributes of Shriram
Shriprop Builders Private Limited, WoS of the Company has acquired 100% of the shares of Justice Suvilas Realities Private Limited, Bangalore. Suvilas Realities is developing a project with a development potential of ~660 residential units on 6.29 hectares of land.
Emami Paper Mills
A Board meeting has been scheduled for November 28 to approve the company’s CFO
The Board has approved the allotment of 12.04 Cr equity shares of Re.1/- each of the Company, to the existing shareholders of Mindtree Limited.
The issued share capital increased from Rs. 17.53 Cr to Rs. 29.6 Kr
Here’s Tech Wabag
WABAG and the Asian Development Bank (ADB) enter into a Strategic Financing Agreement
ADB to invest Rs. 200 kroner in NCD for 5 years and 3 months
The capital raised through the issuance of NCDs to be used for the working capital requirements of the Company
L & T Financial Services
The company has received Rs. 3484 Cr for the sale of L&T Investment Management Limited, a wholly owned subsidiary of the Company
Karnataka Bank and Hyundai Construction Equipment India Pvt Ltd partner for machinery/equipment financing.
Global Health Care
A 2.25 MW solar power plant has been commissioned at Jagalur in Davanagere District, Karnataka
Solar installation at two hospitals in Karnataka is expected to reduce energy costs by 70 percent.
Petroleum Corporation of India
25000, issued 7.44% NCDs compared to Rs. 2500 crore on Private Placement basis
The funds raised will be used to refinance existing indebtedness and/or fund the Company’s capital expenditures.
The decision to approve the merger of HDFC Bank Limited was passed by the requisite majority of the General Shareholders of the Company in a meeting convened by the NCLT.
Jaykaycem Limited, a wholly owned subsidiary of the Company, has successfully commissioned a cement capacity of 2 MnTPA.
Lemon Tree Hotels
Signed a license agreement for a 42-room hotel in Jamshedpur under the Company’s brand “Lemon Tree Hotel”. The hotel is expected to be operational by the end of September, 2023.
Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters from December 1, 2022.
The price increase will be up to Rs 1,500 and will vary depending on the model and market
The company has entered into a Share Purchase Agreement to acquire a 40% stake for Rs. 93 Cr in Snapwork Technologies Private Limited. The acquisition is proposed with a view to strengthening the Company’s technology roadmap.
100% shareholder, Paytm Payments Services Limited (PPSL), receives letter from RBI
PPSL is required to:
-Seek the required approval for the down payment investment
– Not for new online traders
– There is no material impact on work and income
– RBI link is valid for new online traders only
-Can continue on new offline traders
The Super app has been launched on the Android platform, to a limited group of users
Earlier this year, the company launched Web and iOS versions of Super App
The company will soon start rolling out the full App to all customers
Initially, Super App will provide brokerage services
Vineet Valentine Davis Whole Time Director of the Company has resigned from the office of Whole Time Director and Director of the Company effective November 25, 2022 due to personal reasons.
Receives an Import and Marketing Authorization in Form CT-20 from the Central Medicines Standards Control Organization for Dapagliflozin (Forxiga®) 10 mg tablets – plus sign
The receipt of this approval paves the way for the launch of Dapagliflozin (Forxiga®) 10 mg tablets in India, subject to receipt of relevant regulatory approvals.
Signs a Multi-year, Multi-ton, Multi-million Euro Agreement with Fermion to provide an interface for their patented product.
The minimum contract value is expected to be multi-million Euros, spread over a 10-year horizon.
The product is expected to start contributing meaningfully to revenue from FY24
Highlights from the Presentation:
-Despite macro challenges, delivered sustainable profitability through proactive cost management initiatives
The BoD has unanimously approved the Project of Merger by Absorption of Hinduja Leyland Finance Limited (Transportation Company) into NXTDIGITAL Limited.
The Plan is subject to obtaining approvals from RBI, SEBI, NCLT, Stock Exchanges and other statutory and regulatory authorities, and relevant shareholders and creditors.
The share exchange ratio has changed to 25:10 from the previously announced 23:10. Hinduja Leyland Finance holders will get 25 shares of NXT Digital for every 10 shares held in Hinduja Leyland Finance.
Opens Indore office to establish presence in central India
It is expanding its footprint as part of its global growth strategy
Waaree Innovative Technologies:
Receives an Award letter from a prominent steel industry player
To carry out EPC works for a solar power project with a capacity of 52.5 MWp DC
It also includes provision of land, infrastructure and approvals for 70 MWp DC.
Launched Arvind Technical Products Private Limited to carry on the business of manufacturing and marketing of textile products. A company incorporated for the pre-requisite requirement to join the PLI scheme for textiles.
President Mr. Khara says,
-SBI is a proxy for the Indian economy
-The bank has more than 47 billion patron customers and is practically a banker for every family.
– India is expected to become the third largest economy in terms of economic growth
-Customer expectations are changing and the bank needs to demand and walk to their doorsteps
-We have improved customer service, but there are miles to go
– Change their behavior when going to digital mode
-SBI has invested in technology, and the YONO bank app has helped immensely in creating businesses and providing services.
-Adani Electricity Navi Mumbai (AENM) has approached MERC for a distribution license in some pockets of the MMR region.
(MERC = Maharashtra Electricity Regulatory Commission)
-Aims to get license to provide power in areas served exclusively by state-owned Mahadiscom in the suburbs of -Mumbai Mulund and Bhandup, as well as Thane district, Navi Mumbai, Panvel, Kharghar, Taloja and Uran, get it
– They are also competing with JNPT for distribution of power
Wins an order worth Rs 1770 crore for provision of EPC Services including supply of optical fiber cables for implementation of Rural Water Supply Network in Varanasi Revenue Division in Uttar Pradesh State.
IndiGo + SpiceJet:
Daily air traffic reached the 4,06,000 mark on Saturday (26/11/2022) – the highest level since the start of Covid. In December 2019 (before Covid), the daily air traffic was 4.2 thousand passengers.