IndoStar Capital Finance Limited announces the public issuance of Secured Redeemable Non-Convertible Debentures (NCDs), each with a face value of ₹1,000. The issue aims to raise up to ₹30,000 lakh. Key Features Five Series: NCDs are offered in five series with varying tenures (24, 36, and 60 months) and interest payment options (annual, quarterly, and …
Lemon Tree Hotels Limited has announced a new addition to its portfolio with the upcoming launch of Lemon Tree Hotel, Gir, Gujarat. This new property, managed by Carnation Hotels Private Limited – a wholly-owned subsidiary of Lemon Tree Hotels – is set to open its doors in FY 2030. Located near Gir National Park, a …
Hindustan Composites Limited has announced a strategic acquisition involving Swiggy Limited. The company has entered into a Share Purchase Agreement to acquire 1,50,000 equity shares of Swiggy Limited, each valued at ₹1, for a total investment of ₹5.175 crore. This acquisition represents a stake of 0.01% on a fully diluted basis. IPO-bound, Swiggy Limited, an …
Welspun Corp Limited has announced that its Board of Directors has approved a strategic investment of approximately US$ 100 million by its wholly owned subsidiary, Welspun Pipes Inc. The company stated that this investment aims to upgrade the High-Frequency Induction Welding (HFIW) pipes manufacturing and coating capabilities in the USA, enhancing the company’s product portfolio. …
Brainbees Solutions Limited has announced that its material subsidiary, Globalbees Brands Private Limited, has made substantial investments in two of its step-down subsidiaries: Frootle India Private Limited and Wellspire India Private Limited. Globalbees Brands has invested ₹105.15 crore in Frootle India and ₹1.05 crore in Wellspire India. These investments are aimed at increasing Globalbees’ stake …
Uno Minda Limited announced that the Investment and Acquisition Committee of its Board of Directors approved the acquisition of 49% equity shares in Minda Nabtesco Automotive Private Limited from Nabtesco Automotive Corporation, Japan. This decision was made during the Committee’s meeting on September 2, 2024. Minda Nabtesco Automotive Private Limited is a joint venture between …
On September 2, 2024, Crompton Greaves Consumer Electricals Ltd, known for its innovative lighting solutions, completed a major LED street lighting project on Bengaluru’s Satellite Town Ring Road (STRR) in collaboration with Shankaranarayana Construction Pvt. Ltd (SNC) for the National Highways Authority of India (NHAI) – NH648. This project marks a significant advancement in road …
If you’re looking to invest in stocks without spending a fortune, there are plenty of stocks under ₹100. These stocks can be appealing because they offer the chance to invest in the market at a low cost. However, it’s important to recognise that such stocks can carry risks. In this article, check the best stocks …
On Tuesday, September 3, a significant transaction took place in the equity market as approximately 95 lakh shares, or 13.5% of the equity of Medi Assist Healthcare Services, worth Rs 580.5 crore, changed hands in a block deal. The shares were traded at Rs 612 each, marking a pivotal moment for the company and its …
SK Finance, a Jaipur-based non-banking financial company (NBFC), has received the green light from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). This approval is a significant milestone for the company, enabling it to raise substantial capital and expand its financial services portfolio. The IPO is set to …
