On June 27, 2024, JSW Infrastructure Limited, part of the JSW Group and India’s 2nd largest private commercial port operator, announced that its wholly-owned subsidiary, JSW Port Logistics Private Limited, will acquire a 70.37% stake in Navkar Corporation Limited from its promoters and promoter group. The companies have signed the necessary agreements, but the acquisition …
Today, a crucial block deal involving Polycab India saw the sale of a 2.74% equity stake, amounting to Rs.2,716.5 crore. The specific identities of the buyers and sellers have remained undisclosed till now. However, according to the reports, Polycab’s promoters were likely behind the sale of part of their stake. Details of the Deal The …
Introduction to CSB Bank CSB Bank, a prominent old private sector bank, boasts a rich history spanning over a century. With an extensive network of 779 branches, the bank’s operations are primarily concentrated in Kerala, housing 35% of its branches. The remaining branches are spread across Tamil Nadu, Andhra Pradesh, Karnataka, and Maharashtra. Challenges and …
HCL Technologies announced a significant block deal involving the sale of 1.24 crore equity shares today. This transaction, valued at Rs.1,788.3 crore, represented approximately 0.46% of the company’s total equity. Despite the large scale of the transaction, the identities of the buyers and sellers remain undisclosed. Transaction Details The shares were sold at an average …
GMR Power & Urban Infra Limited Settlement with NHAI On June 28, 2024, GMR Power & Urban Infra Limited disclosed an important update to the stock exchanges. This update pertains to the status of claims settlement by their subsidiary, GMR Hyderabad Vijayawada Expressways Private Limited (GHVEPL), with the National Highways Authority of India (NHAI). Background …
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, Airtel provides 5G, 4G, and LTE Advanced services throughout India. Currently offered services include fixed-line broadband, and voice services depending …
On June 27, 2024, Bharti Airtel Limited informed in the stock exchange filing that Nxtra by Airtel, a leading data centre company in India, has joined the RE100 initiative. This global initiative, led by Climate Group in collaboration with CDP, aims to achieve 100% renewable electricity sourcing. Nxtra is now the sole data centre organisation …
According to Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Motors Electric Mobility, electric vehicle sales in the local market are projected to increase tenfold over the next five years, falling short of the government’s earlier target of 30% of new car sales. Shailesh Chandra emphasised that Tata Motors is taking a …
Ramky Infrastructure Limited (RIL), a leading Indian civil and infrastructure engineering company, has secured significant contracts from PowerGrid Energy Services Limited (PGESL), a wholly-owned subsidiary of Power Grid Corporation of India Limited (PGCIL). These contracts pertain to a critical infrastructure project aimed at reducing power losses in the Leh district of Ladakh. Project Details and …
LatentView Analytics Limited (Latent View) has filed an update regarding its ongoing acquisition of Decision Point Private Limited (Decision Point). This filing builds upon the company’s initial announcement on March 28, 2024, which outlined the Board’s approval for acquiring up to 100% of Decision Point’s equity share capital in multiple stages. Recap of the Acquisition …
