On August 20, 2024, PI Industries Limited announced the successful completion of its acquisition of Plant Health Care Plc, a UK-based company listed on AIM, the London Stock Exchange’s market for smaller and growing companies. The acquisition was executed through a court-sanctioned scheme of arrangement under English law, specifically following the City Code on Takeovers …
On August 20, 2024, RMC Switchgears Limited announced that its subsidiary, RMC Green Energy Pvt Ltd, has received approval from the Rajasthan Renewable Energy Corporation to develop a 50 MW Renewable Energy Park in Rajasthan. The company stated that this development marks a significant step for RMC Switchgears in the solar park sector, as it …
Exide Industries Limited (EIL) has announced a significant investment of ₹74,99,99,988 (₹74.99 crore) through a subscription to the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. This latest investment brings the total capital infusion by EIL into EESL to ₹2,652.24 crore. Importantly, this transaction does not …
United Breweries Limited (UBL), part of the HEINEKEN Company, has announced the launch of Heineken® Silver in Karnataka. Heineken® Original will also be available this month. The company stated that launching these two iconic beer variants across bars and retail stores represents a significant milestone in Heineken’s expansion in India, aligning with the company’s strategy …
H.G. Infra Engineering Limited (HGINFRA) has announced in a stock exchange filing that the company has been declared the Lowest-1 (L-1) bidder by the Ministry of Road Transport and Highways (MoRTH) for a significant road infrastructure project in Gujarat. The company stated that the project involves the upgradation of an existing 6-lane road, including the …
Genus Power Infrastructures Limited announced in a stock exchange filing that its wholly-owned subsidiary has secured 3 significant Letters of Award (LOAs) worth a total of ₹3,608.52 crore (net of taxes). The company stated that these awards are for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The scope of work includes the designing, …
General Atlantic recently announced that it is planning to sell a 5.1% stake in PNB Housing Finance through an open market transaction on Wednesday. According to IIFL Securities, the firm will divest 1.33 crore shares at a floor price of Rs.775 each, aiming to raise approximately Rs.1,033 crore. Stake & Other Transactions As of June …
Shriram Finance Limited has established itself as a trusted and reliable financial institution, catering to the diverse needs of its customers across various sectors. One of the biggest non-banking finance companies (NBFC) in India for retail asset financing is Shriram Finance Limited, with assets under management (AUM) of Rs. 2,24,862 crores. Strong competencies in loan …
On August 20, 2024, IT services company Cyient announced that its board approved the sale of a 14.5% stake in its subsidiary, Cyient DLM Ltd, through a block deal. This sale is expected to be finalized on August 21, 2024, with the floor price likely set at Rs.748.65 per share, a 5% discount from Cyient …
At the close of the trading session on August 20, 2024, the Nifty 50 and Sensex was up by 0.51% and 0.47% closing at 24,698 and 80,802, respectively. Top Gainers and Losers Regarding sectors, Nifty Financial Services 25/50, Nifty PSU Bank, Nifty Financial Services, Nifty Private Bank, and Nifty IT saw gains. On the other …
