West Bridge Capital, a prominent private equity firm, has recently divested its stake in AU Small Finance Bank, amounting to approximately 1.7% of the bank’s total shares. The transaction, valued at Rs.845 crore, marks a significant move by West Bridge Capital, reflecting changes in its investment portfolio. Transaction Details The sale of a 1.7% stake …
On June 19, 2024, Eraaya Lifespaces Limited announced that their Plan Support Agreement to acquire 100% of Ebix Inc.’s equity has been approved by Ebix Inc.’s Independent Directors. The Consortium, led by Eraaya Lifespaces Limited as the initial bidder, has also deposited the required 5% cash deposit to proceed with the acquisition process. The acquisition …
On June 19, 2024, Lemon Tree Hotels announced they would manage a new hotel in Morbi, Gujarat, India. The hotel is expected to open in the fiscal year 2029. Morbi, located on the Kathiawar peninsula in Gujarat, has a rich history and cultural heritage. It used to be the capital of the Morvi State and …
On June 19,2024, Allcheckdeals India Pvt. Ltd (ACD), a wholly owned subsidiary of Info Edge (India) Limited, has decided to invest ₹1 crore in its subsidiary, NewInc Internet Services Private Limited, which is also a step-down subsidiary of Info Edge (India) Limited. Transaction Details The acquisition qualifies as a related party transaction since Allcheckdeals India …
A New Era in Carbon Solutions Goa Carbon Ltd., a veteran and leading manufacturer of calcined petroleum coke (CPC), proudly announces the launch of its first branded product, “gcarb+,” aimed at revolutionizing the recarburiser and carbon additive markets. This launch highlights the company’s commitment to quality, sustainability, and industry leadership. Stock Performance The stock rallied …
In an exchange filing, dated 19.06.2024, Sapphire Foods informed the stock exchanges about the decisions made at the Board of Directors meeting on 19th June. The Board approved the alteration in the share capital of the company by the split of existing equity shares of the company from 1 equity share having a face value …
Tata Communications has launched a groundbreaking Unified Hosted Secure Access Service Edge (SASE) solution designed for global enterprises. This innovative offering, built in partnership with Versa Networks, converges industry-leading SD-WAN and SSE capabilities into a single, cloud-ready platform. Key Benefits Exceptional Performance: Harness the full potential of cloud environments with seamless access and unmatched speed. …
Sakthi Finance is offering Secured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of Rs 1000 each. The issue is open for subscription between June 20, 2024, and July 3, 2024. The minimum investment is Rs 10,000 (10 NCDs). The NCDs come in various tenors of 24, 36, 60, and 85 months and offer interest …
Blue Dart Express Limited, incorporated in 1983, is involved in transportation and door-to-door distribution of time-sensitive shipments, through an integrated ground and air transportation network. The company is regarded as South Asia’s leading courier and integrated air express package distribution company. In 2002, Blue Dart had a business alliance with DHL Express, and on 8 …
Seedlings India Private Limited, a wholly-owned subsidiary of Best Agrolife Limited, has secured a significant win with the Central Insecticides Board & Registration Committee (CIB&RC). The regulatory body has granted Seedlings a license for the indigenous manufacture of a powerful new insecticide formulation. This new product, a combination of three active ingredients – Chlorantraniliprole 4.5%, …
