News Overview

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

Atam Valves will hold a meeting of the Board of Directors of the Company on 29 March 2022

Punjab National Bank has been allotted 108814050 shares of Rs 10 each through preferential allotment by National Asset Reconstruction Company NARCL The allotment translates into an equity shareholding of 9Percentage of the total paid up share capital of NARCL

Gian Lifecare will hold a meeting of the Board of Directors of the Company on 31 March 2022

MRC Exim will hold a meeting of the Board of Directors of the Company on 30 March 2022

NTPC announced that successful commissioning of third part capacity of 425 MW of 100 MW Ramagundam Floating Solar PV Project at Ramagundam Telangana with effect from 24 March 2022 With this standalone installed and commercial capacity of NTPC has become 5449468 MW Further group installed and commercial capacity of NTPC has become 6860968 and 6794968 MW respectively

Lupin has allotted 24230 equity shares under ESOP on 24 March 2022 With this allotment the paid up equity share capital has increased to Rs 908950028 consisting 454475014 equity shares of Rs 2 each

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

United Spirits has appointed Mark Sandys DIN 09543864 as an additional director Non-executive Non-independent director of the Company effective 1 April 2022

Nandan Denim has appointed Mehul Shah as CFO of the company with effect from 26 March 2022