CCEA has given final approval for the sale of REC’s 52.6 stake, or 104cr shares, to PFC at Rs139.50 per share aggregating to Rs14,500cr. On December 6, CCEA had given in-principle approval for the deal.
IDFC First Bank sells its entire stake of 8.73% in Asset Reconstruction Company (India) Ltd.
Dr Reddy’s Laboratories gets USFDA’s approval for its ANDA Pregabalin, as per media reports.
Jet Airways clarifies on the news of Etihad selling its stake to SBI saying that it is contemplating various options on the debt-equity mix and proportion of equity infusion.
SEBI has ordered both Fortis Healthcare and Fortis Hospitals to continue pursuing measures to recall the outstanding Rs403cr amount along with due interest from Singh Brothers and related entities.
SpiceJet is considering taking control of 40 Jet Airways aircrafts after being tapped in by the Indian government, as per media reports.
Bosch India executes a JV agreement with Prettl India with a total investment of Rs20cr. This JV has been done to carry out the business of manufacturing and supply of automobile components.
Sun TV Network’s Chief executive and managing director K. Vijay Kumar has resigned with effect from March 31. The company stated in its press release that R. Mahesh Kumar will be the new MD for a period of five years.
GMR Infrastructure’s JV Delhi International Airport awards commercial development rights at Delhi’s Aerocity to a consortium led by Bharti Group’s arm. The infra company has awarded non-transfer assets to the extent of 9 lakh square meters and ‘Bharti Realty’ will pay annual lease rent of Rs363.5cr per annum till 2036 and other one-time payments worth Rs1,837cr.
Infosys signs 3-year technology partnership with Roland Garros, Besides, the company will consider March quarter results and final dividend on April 12.