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Triveni Turbine announced that its subsidiary Triveni Turbines DMCC has signed an agreement for acquisition of 70% equity shares of TSE Engineering. TSE is registered under the laws of South Africa and is engaged in high precision engineering repairs and servicing of machinery in sugar and other industrial plants in South African Development Community (SADC) region. With the said acquisition of these shares, TSE will […]

with effect from 22 March 2022

On 31 March 2022

Subscribes to rights issue of Godrej Maxxmilk

IDFC First Bank announced that India Ratings & Research (Ind-Ra) has enhanced the rated amount of Basel III – Tier 2 Debt Instruments (Bonds) of IDFC FIRST Bank from Rs. 2,000 crore to Rs. 5,000 crore. Ind-Ra has assigned IND AA+/Negative rating/outlook to the additional Tier 2 Bonds (Rs. 3,000 crore) while re-affirming the rating/outlook of Rs. 2,000 crore Basel III – Tier 2 Bonds. […]

JK Tyre & Industries has subscribed to the rights issue of its subsidiary, Cavendish Industries and has been allotted 47,87,679 equity shares at Rs 155 per share (including premium of Rs 145 per share) for an aggregate amount of Rs 74.21 crore. After the issue, the companys shareholding in Cavendish Industries has increased to 74.13% from 71.91% on standalone basis and to 87.46% from 86.41% […]

With effect from 22 March 2022

Titagarh Firema S.p.A., Italy (TFA) ? the Italian subsidiary of Titagarh Wagons (TWL) in its board meeting held on 17 March 2022 has approved many changes to the board and the top management of the company which are going to help the company achieve better growth and synergy with the parent company. As a part of the rejig, Luigi Traettino has been appointed as the […]

On 29 March 2022

Cholamandalam Financial Holdings announced that India Ratings and Research has affirmed the non-convertible debentures of the company of Rs 2000 crore at IND AA+/ Stable. Powered by Capital Market – Live News