On the back of negative global cues, Indian equity markets end in red.
MGL’s acquisition of Unison Enviro Pvt Ltd (UEPL) from its erstwhile owners Ashoka Buildcon and Morgan Stanley India Infrastructure Fund for Rs5.31 billion, presents an opportunity for the company to expand its operations beyond Mumbai and the areas which otherwise restricted the overall volume growth, due to constraints on capacity additions.
Sale to be made through Swiss challenge bidding.
Batra will also hold the position of Chief Business Officer.
Sale done at an average price of Rs 686.07 per share.
Tata Steel will manufacture some components and seats of Vande Bharat coaches.
The PPA includes a capacity split of 170 MW solar and 340 MW wind power.
Analysts at IIFL Capital Services have maintained their positive stance on the Power sector where fundamentals are improving (demand>supply).
This open-ended fund will invest predominantly in AA+ and above rated corporate bonds with a relatively high interest rate risk and moderate credit risk.
Wipro will provide air cargo management services solution to Menzies.
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