Yatra Online Ltd has recently been in the travel industry news with its latest announcement —acquiring Globe Travels from Ramkrishna Forgings Ltd for Rs.128 crore (about $15 million). This deal, set to be completed through Yatra’s Indian arm, is a play to boost its corporate travel services. Deal Details: What’s on the Table? So, what’s …
India’s largest private thermal power producer, Adani Power, is significantly expanding its operations. The company has announced plans to more than triple the capacity of its Kawai power plant in Rajasthan, investing up to ₹18,000 crore. Currently operating at 1,320 MW, the Kawai plant will undergo a two-phase expansion, increasing its capacity to 4,520 MW …
On September 4, 2024, Rama Steel Tubes Limited (RSTL) announced a strategic collaboration with Onix Renewable Ltd, marking a significant entry into the green energy sector. This partnership will harness the strengths of both companies to enhance the solar energy landscape through the provision of specialised steel structures and advanced tracking systems. The collaboration will …
Max Estates Limited, a prominent real estate company, recently announced the successful allotment of equity shares via a Qualified Institutions Placement (QIP). This strategic move aims to bolster the company’s capital base, supporting its future growth initiatives and expanding its market presence. Key Highlights of the QIP Allotment Max Estates Limited issued 1,33,89,121 equity shares …
Block Deal on Wednesday Shares of Delhivery were trading near the 20-day moving average (20-DMA) after a significant block deal worth Rs 26.99 crore was observed on Wednesday. The transaction involved 6,41,094 shares traded at Rs 420.95 per share. However, the identities of the buyer and seller remain undisclosed. Recent Block Deal Activity: A Closer …
Kross Limited, a well-established manufacturer in the medium and heavy-duty commercial vehicle (M&HCV) and agricultural equipment sectors, is set to launch its Initial Public Offering (IPO). With a total issue size of Rs 500 crores, the IPO comprises both a fresh issue of shares and an offer for sale by existing shareholders. This IPO marks …
Jaipur-based AU Small Finance Bank (AU SFB) has taken a significant step towards expanding its operations by submitting an application to the Reserve Bank of India (RBI) for a voluntary transition from a small finance bank to a universal bank. This strategic move comes amidst the bank’s ongoing merger with Fincare Small Finance Bank. The …
On September 03, 2024, Patel Engineering Limited (PEL) announced a strategic partnership with Rail Vikas Nigam Limited (RVNL), a leading Indian infrastructure company. The partnership, formalised through a Memorandum of Understanding (MOU), aims to jointly execute hydro and other infrastructure projects both domestically and internationally. Leveraging their respective strengths in infrastructure development, PEL and RVNL …
In a strategic move to meet the increasing demand for high-quality, value-added packaging solutions, Prakash Pipes Ltd, a leading player in piping solutions, has successfully commissioned its new Nordmeccanica Supercombi 5000 laminator. This state-of-the-art machine is a significant addition to the company’s packaging division, enabling it to offer a wider range of products, including HSL …
On September 03, 2024, Cupid Limited, a leading manufacturer in India known for condoms, personal lubricants, IVD kits, deodorants, pocket perfumes, and toilet sanitisers, is expanding its direct-to-consumer (B2C) business. Over the past 7 months, the company has achieved net revenues of ₹12.50 crore through its B2C efforts and aims to significantly increase this to …
