Miscellaneous Sector

The private lender on Friday (2 September 2022) announced a strategic partnership with Asian Development Bank (ADB) to support and promote Supply Chain Finance (SCF) solutions in India.

Punjab National Bank is quoting at Rs 42.25, up 1.08% on the day as on 12:49 IST on the NSE. The stock is down 0.35% in last one year as compared to a 0.33% jump in NIFTY and a 5.2% jump in the Nifty Bank index.

Under the agreement, the company will supply hybrid (Solar and Wind) electricity in the Company’s unit at Bamanbore, Gujarat.

Zomato said its board has approved the allotment of 62.85 Cr fully paid-up equity shares of the company to acquire 33,018 equity shares of BCPL for a total consideration of Rs 4,447 Cr

The acquisition was consummated through a debt resolution process outside of NCLT, in accordance with the RBI’s Prudential Framework for Resolution of Stressed Assets.

With a total capacity of 24.521 million sheets, this acquisition will strengthen Greenlam's position as India's market leader in the laminate industry.

The food delivery company seeks to reassure the majority of shareholders about the acquisition of the rapid commerce company.

Pursuant to the purchase of a 49.99% stake in the company, it will become a wholly-owned subsidiary of SIS Limited.

The company completed this acquisition on May 23, 2022, pursuant to several regulatory approvals.

Master Infrastructure and Real Estate Developers Limited is a wholly owned subsidiary of Master Trust Ltd.