In a move designed to strengthen its financial position and support strategic growth initiatives, Tata Steel Limited announced a significant capital infusion plan for its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP). This multifaceted strategy combines equity subscription and debt restructuring to enhance Tata Steel’s long-term financial resilience. Capital Injection for Strategic Objectives …
Hero FinCorp, a part of the Hero Group is a prominent non-banking financial company (NBFC), established to provide financing for two-wheelers and a diverse range of financial products covering retail, SMEs, and corporate loans. The company has recently approved an IPO amounting to Rs.4,000 crore to strengthen its financial position and foster growth. IPO Details …
IRB Infrastructure Developers Limited (formerly IRB Infrastructure Developers Private Limited), is an Indian highway construction company, It is a part of the IRB Group. It is a leading player in highway construction and infrastructure development in India. With 25 years of experience, the company has built, tolled, operated, and maintained approximately 18,500 lane kilometers across …
SJVN Ltd., formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. It was incorporated in 1988 as a joint venture between the Government of India and the Government of Himachal Pradesh. SJVN board approved signing a joint venture agreement with Indian Oil Corporation Limited …
On May 30, 2024, JSW Steel announced in an exchange filing that it is enhancing its product mix by introducing JSW Magsure. Through this indigenous ‘Made In India’ product, the company aims to reduce the country’s reliance on coated steel imports. JSW Steel becomes the first and only Indian steel company to produce and market …
The Issue and Allotment Committee of the Board of Directors of JM Financial Asset Reconstruction Company Limited (JMFARC), a subsidiary of JM Financial Limited, has issued 35,73,66,435 equity shares. These shares have a face value of ₹10 each and were issued at a price of ₹15 per share, totalling ₹536.05 crore. This issuance was part …
On May 29, 2024, Maithan Alloys Limited informed in a stock exchange filing that the company had acquired equity shares of a listed entity, GAIL (India) Ltd, through the Stock Exchange. Details of the Acquisition The shares of Gail India Ltd were acquired through the stock exchange and formed part of the investment of Maithan …
On May 29, 2024, ITC Hotels, a division of ITC Ltd, announced a management agreement with the Jaipur-based Dangayach Group for a property under the Storii brand in Jaisalmer, Rajasthan. According to the company, Storii by ITC Hotels in Jaisalmer will be a 119-key resort situated east of the city on the Jodhpur-Jaisalmer Road. This …
IndiaMART InterMESH Limited (Company) has announced an agreement to acquire 10% of the share capital (on a fully diluted basis) of M/s Baldor Technologies Private Limited (IDfy). IDfy, operating under the brand IDfy, provides products and solutions for KYC, background verifications, risk mitigation, digital onboarding, and digital privacy. The company is based at its registered …
On May 29, 2024, Ramco Systems Limited announced that its subsidiary, Ramco Systems Sdn. Bhd., Malaysia has entered into a strategic partnership with Ramsol Group Berhad, a leading Human Capital Management (HCM) solutions and technology provider and a wholly-owned subsidiary of RAMS Solutions Sdn Bhd. As part of the strategic partnership, Ramssol will distribute, resell, …
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