News Overview

BCPL Railway Infrastructure will hold a meeting of the Board of Directors of the Company on 29 March 2022

The Board of Jammu and Kashmir Bank at its meeting held on 17 March 2022 has approved raising of Basel III compliant Tier II capital up to Rs 1000 crore in the form of non-convertible redeemable unsecured bonds on private placement basis

The Board of Indian Oil Corporation at its meeting held 16 March 2022 has accorded investment approval of Rs 7282 crore for development of City Gas Distribution CGD network in 9 Geographical areas GAs awarded to the Company by PNGRB in the 11th Round of CGD bidding W With these 9 Geographical Areas under Indian Oils fold the Company will now have its presence in […]

Rossell India will hold a meeting of the Board of Directors of the Company on 22 March 2022

Zydus Lifesciences announced that in line with the commitment to enhance the share of renewable power source in its operation and to comply with regulatory requirement for being a captive user under Electricity Laws 2003 the Company has entered into Share Purchase Subscription and Shareholders Agreement SPSSA to acquire up to 1186Percentage stake on a fully diluted basis in AMP Energy Green Nine for setting […]

Birla Capital Financial Services has revised the meeting of the Board of Directors which was scheduled to be held on 18 March 2022 The meeting will now be held on 24 March 2022

Tata Chemicals announced that Fitch Ratings has affirmed the Companys Long Term Foreign-Currency Issuer Default Rating IDR at BB Outlook Stable

Godrej Consumer Products has completed the divestment of its entire stake including the convertible debentures in Bhabani Blunt Hair Dressing and the right to use the BBLUNT brand name to manufacture and sell BBLUNT branded products

Adani Power has completed today the acquisition of 100Percentage of paid up share capital and management control of Essar Power M P EPMPL a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code The cost of acquisition of EPMPL along with rehabilitation cost is over Rs 4250 crore for 1200 MW power plant including estimated cost of compliance on environmental and emission norms

JK Paper has received reaffirmation in credit ratings from CRISIL as under Long term rating bank loan Rs 2699 crore – CRISIL AA-Stable Non convertible debentures Rs 595 crore – CRISIL Aa-Stable Fixed deposits Rs 100 crore – FAA Stable Commercial paper Rs 150 crore – CRISIL A1