News Overview

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

Adani Enterprises announced that the companys wholly owned subsidiaries Mahanadi Mines and Minerals and MP Natural Resources recently participated in the tenders invited by Nominated Authority Ministry of Coal Government of India and declared as successful bidders for the Bijahan coal block IB Valley coalfield in Odisha and Gondbahera Ujheni East coal block Singrauli coalfield in Madhya Pradesh respectively

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

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

Indian Hotels Co announced the closure of its QIP issue period today 25 March 2022 The company has approved the issue price of Rs 202 per equity share which is a discount of 073Percentage ie Rs 148 per share to the floor price of Rs 20348 per equity share for equity shares to be allotted to eligible qualified institutional buyers in the issue

HMT announced the appointment of Vijay Mittal Joint Secretary Ministry of Heavy Industries has been appointed as Part-time Official Director on the Board of HMT with effect from 25 March 2022 in place of Jeetendra Singh Joint Secretary who ceased to be Director on the Board with effect from 25 March 2022

Kreon Finnancial Services will hold a meeting of the Board of Directors of the Company on 30 March 2022

Nirmitee Robotics India will hold a meeting of the Board of Directors of the Company on 2 April 2022

The Board of Indian Hotels Co has approved the allotment of 99009900 equity shares of face value of Re 1 each to eligible qualified institutional buyers at the issue price of Rs 202 per equity share including a premium of Rs 201 per equity share and reflects a discount of Rs 148 on the floor price of Rs 20348 per equity share aggregating to Rs […]

3M India will hold a meeting of the Board of Directors of the Company on 30 March 2022