On Monday, the promoter entities of Godrej Industries Ltd. executed significant open market transactions, resulting in share exchanges worth Rs.3,800 crore. According to block deal data, KN Enterprises sold 4.25 crore shares at Rs.893.05 per share, totaling an aggregate deal value of Rs.3,800 crore. Key Acquisitions Prominent family members Nisaba Godrej, Tanya Dubash, and Pirojsha …
Piramal Enterprises Ltd. recently announced that it is set to boost its growth rate to 15% and expand its Assets Under Management (AUM) to Rs.80,000 crore by the end of FY25. The company recorded an 8% increase in its AUM at a consolidated level in FY24. Retail Loans Currently, 70% of Piramal’s AUM is retail …
On July 9, 2024, AGS Transact Technologies Limited, a top provider of integrated omni channel payment solutions in India, announced via a stock exchange filing the renewal of its contract with a major private sector bank to manage its ATMs under its Outsourcing Portfolio. The new agreement features a hybrid fee model, combining transaction-based and …
On July 9, 2024, izmo Ltd announced in a stock exchange filing its strategic acquisition of Geronimo Web, a leading provider of digital marketing programs for automotive OEMs and dealerships. Geronimo Web’s expertise positions izmo as one of the largest providers of digital web platforms in Europe, the USA, and South America—key markets with significant …
On July 9, 2024, Rama Steel Tubes Limited informed in a stock exchange filing that the company is strategically well positioned to leverage strong domestic steel demand by increasing a Manufacturing Capacity at Anantapur, Andhra Pradesh, through its wholly owned subsidiary Lepakshi Tubes Private Limited. The company aims to leverage increased demand from critical sectors …
On July 9, 2024, Larsen & Toubro Limited (L&T) announced through a stock exchange filing that its wholly owned subsidiary, L&T Semiconductor Technologies Limited (LTSCT), has entered into a definitive Share Purchase Agreement to acquire a 100% stake in SiliConch Systems Private Limited. The acquisition, slated to be completed by September 15, 2024, pending customary …
On July 08, 2024, Dixon Technologies (India) Limited announced via a stock exchange filing that Aditya Infotech Limited (AIL) plans to acquire a 6.5% stake in its equity through a Share Subscription and Purchase Agreement (SSPA) with AIL Dixon Technologies Private Limited (JV Company). This involves subscribing to 73,05,805 equity shares of AIL in exchange …
Easy Trip Planners Limited, known for its travel tech platform, EaseMyTrip, has announced the opening of its first franchise store in Ahmedabad, Gujarat. This new outlet, located in Titanium City Center Mall on 100 Feet Road, marks the 17th store under the EaseMyTrip Franchise program. The company stated that this launch is a significant milestone …
On July 9, 2024, Inox Wind Limited (IWL) informed in a stock exchange filing that the company had secured a significant order for 200 MW from a renewable C&I (Commercial and Industrial) power producer. The company stated that the order specifically entails Inox Wind’s latest 3 MW Wind Turbine Generators (WTGs) and includes end-to-end turnkey …
HFCL Limited announced in a stock exchange filing that, to cater to the global demand for its products and expand its business operations overseas, it has taken a significant step forward by establishing HFCL UK Limited in the UK. This new entity is a wholly-owned subsidiary of HFCL B.V., which is itself a wholly-owned subsidiary …
