Moody's downgraded Yes Bank
's ratings and assigned negative outlook.
will buy 1.04 crore shares of Gati at Rs75/share and to make an open offer for 26% Gati stake at Rs75/share.
Bank of Baroda
's Board approved raising up to Rs1,850cr in Tier-I bonds.
Tata Motors' JLR November UK sales fell to 8,199 units against 9,055 units YoY.
Tata Motors' Board approved allotment of 20.16 crore ordinary shares at a price of Rs150 each. The Board also approved allotment of 23.13 crore warrants, with each warrant carrying a right to subscribe one ordinary share per warrant, at a price of Rs150 per warrant to Tata Sons. Company will raise up to Rs6,540cr by this allotment.
Mahindra & Mahindra acquired 36.63% of the equity share capital of Meru in the first tranche of investment.
S&P kept the ratings for long-term facilities of Bharti Airtel at BBI, with ratings with negative implications, due to Rs34,300cr setback from the Department of Telecom’s litigation will decisively weaken Bharti Airtel's leverage.
RBL Bank closed institutional placement of shares. The lender approved the allocation of 5.77 crore shares at Rs351 per share, which is at a discount of 0.45% to the floor price of Rs352.57 each.
LIC Housing Finance will raise Rs550cr via debt, according to Bloomberg report.
Info Edge said that due to change in FDI laws, SoftBank will directly invest in Etechaces instead of the Bank’s arm Dipdha.
Camline Lifesciences said that the commercial production for Dahej product is most likely to be expected in January 2020.
VST Tiller Tractors November Sales: Power Tillers Sales down 41% yoy to 1,238 units. Tractor Sales down 10% yoy to 568 units.
Nirlon signed long-term leave and license agreement with JPMorgan who will take up 1.15 million square feet of office space and this is expected to be delivered by the second quarter of 2021.
Sadbhav Infra Projects’ arm has canceled concession agreement with NHAI due to non-availability of required 80% of right of way by NHAI within stipulated time period. Agreement will be treated as terminated with mutual consent of the parties without any outstanding claims on each other.
Narayana Hrudayalaya to discontinue its hospital project in Kenya due to the inability to fund the project by a financial institution partner.
Greaves Cotton completed the acquisition of Ampere Vehicles. The company acquired 18.72% stake for the target company’s promoter Hemlatha Annamalai through secondary purchase.
Indiabulls Ventures record date for share-buyback on Dec. 19.