News Overview

The Board of Directors of Manappuram Finance at its meeting held on 26 March 2022 has considered and approved fund raising program of the Company for FY 2022-23 which inter-alia includes issuance of Redeemable Non-Convertible Debentures upto the overall limit of Rs 7800 crore by way of private placement orand Public issue in one or more tranches as may be decided by the Board of […]

Karur Vysya Bank has received reaffirmation in credit rating for certificate of deposits programme for Rs 3000 crore at ICRA A1

Emami has acquired Dermicool one of the leading brands in Prickly Heat Powder and Cool Talc category from Reckitt Benckiser Healthcare India for a total consideration of Rs 432 crore excluding taxes duties The acquisition is funded through internal accruals and is subject to customary closing conditions

Forbes Company has executed new agreement with Equinix India on 24 March 2022 for sale of approximately 1539450 square meters of land at Chandivali for an increased consideration of Rs 235 crore The transaction is expected to be completed in Q1 of FY23

Mahindra Mahindra announced its entry into the NFT non-fungible token universe with the release of its first tranche of tokens becoming the first Indian automotive OEM to enter this space NFTs are at the forefront of blockchain technology and have captured the interest of the digitally savvy and constantly connected generation The entry of Mahindra into the NFT universe is yet another testimony of their […]

Poonawalla Fincorp announced that its shareholding in Magma HDI General Insurance Company a joint venture will get reduced from the current 29321Percentage to 21522Percentage following proposed capital raise of Rs 44993 crore by Magma HDI by way of preferential issue to third party investors

Dilip Buildcon announced that the company has been declared the L1-bidder for NHAIs road project in Telangana state entailing 4-Laning of Karimnagar Warangal Section of NH-563 from Design Ch48860 km near SH1 Ch 170400 km at Manakondur bypass to Design Ch116875 km existing Ch144050 km of NH-163 at Palvelpula near Hanamkooda- Design Length 68015 km The company bid project cost is Rs 1647 crore

Vishnu Chemicals announced that its wholly owned subsidiary Vishnu Barium VBPL has completed the brownfield expansion of its state-of-theart plant at Srikalahasti This expansion increases the capacity by 50Percentage from current 40000 MTPA in the subsidiary company

Birla Precision Technologies will hold a meeting of the Board of Directors of the Company on 2 April 2022

Indraprastha Gas announced that Sanjay Kumar has been nominated by GAIL India as Managing Director of lndraprastha Gas He has taken over charge from AK Jana wef 25 March 2022 AK Jana has ceased to be a Director and Managing Director wef 25 March 2022