Exicom Tele-Systems Limited has announced in a stock exchange filing that the company, on August 22, 2024, has entered into a Loan Agreement with its wholly-owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. Under this agreement, Exicom Tele-Systems will grant an unsecured loan amounting to ₹175.00 crore. The primary objective of this loan …
JSW Energy Limited announced in a stock exchange filing that its wholly-owned subsidiary, JSW Neo Energy Limited, has secured a significant project by receiving the Letter of Award (LoA) for setting up a 250 MW Grid-connected Wind Power Project from Adani Electricity Mumbai Limited (AEML). This award was obtained through a Tariff-based Competitive Bid process, …
Zydus Lifesciences Limited informed the stock exchanges that through its wholly owned subsidiary, and Perfect Day Inc., a Temasek portfolio company, have entered into an agreement where Perfect Day will sell its approximately 50% stake in Sterling Biotech Limited (SBL). As a result, SBL will become a 50:50 Joint Venture (JV) with equal board representation …
TCC Concept Limited has announced a significant strategic move by acquiring a substantial stake in Natural Environment Solutions Private Limited (NES). The company informed the stock exchanges about the issuance of 1,29,38,448 equity shares, each with a face value of ₹10, at an issue price of ₹352 per share. This preferential share issue was executed …
On August 24, 2024, ONGC marked a significant milestone by starting production from its fifth oil well in the KG-DWN-98/2 Cluster-2 asset. According to a stock exchange filing, ONGC has begun transporting and selling associated gas using a floating production, storage, and offloading (FPSO) vessel, emphasising its commitment to zero gas flaring. However, the company …
On August 24, 2024, Aerolloy Technologies Limited (ATL), a wholly owned subsidiary of PTC Industries Limited, announced the acquisition of a Hot Rolling Mill. ATL, known for producing strategic and essential materials and high-quality metal components for critical and super-critical Aerospace and Defence applications, will use the new facility to manufacture plates and sheets made …
AU Small Finance Block Deal On Monday, AU Small Finance Bank Ltd. witnessed substantial market activity as 1.3 crore shares, representing approximately 1.7% of the company’s total equity, changed hands during a pre-market block window. While the identities of the buyers and sellers in this transaction remain undisclosed, the block deal has sparked considerable interest …
In a significant development, Jio Financial Services Ltd. (JFSL) has informed the exchanges that it has received approval from the Department of Economic Affairs, Ministry of Finance, to raise the foreign investment limits in the company to 49% of its total equity on a fully diluted basis. This milestone is expected to open the door …
At the close of the trading session on August 23, 2024, the Nifty 50 and Sensex were up by 0.05% and 0.04% closing at 24,823.15 and 81,086.21, respectively. Top Gainers and Losers On the sectoral front, only Nifty Auto saw gains. On the other hand, Nifty Realty, Nifty Media, Nifty IT, and Nifty Oil and …
Cello World Limited has established a wholly owned subsidiary, “Cello Consumer Products Private Limited”. No governmental or regulatory approvals are required for the acquisition, and there is no indicative time period for its completion. It has both authorised and paid-up capital of ₹1,00,000. As the business operations have not yet commenced, details about its size …
