RBL Bank, a private sector bank in India, is in the highlights as it gears up for a crucial board meeting scheduled for June 27, 2024. The agenda primarily revolves around the proposition of raising funds through a Qualified Institutional Placement (QIP). Fundraising Proposal According to the reports, the board of directors will deliberate on …
Borosil Ltd, a prominent name in the glassware and laboratory equipment sector, has launched its Qualified Institutions Placement (QIP) following the approval from its Board of Directors which is set to enhance the company’s capital base, driving growth and expansion. Details of the QIP The company has established the floor price for the QIP at …
On June 24, 2024, Force Motors announced a partnership with strategy consultancy firm EY Parthenon India to drive its digital transformation initiative. This initiative aims to enhance innovation and productivity across its value chain. Key goals of this collaboration include revamping Force Motors’ digital landscape, implementing advanced platforms and technologies, and bolstering capabilities and security. …
On June 24, 2024, Sun Pharmaceutical Industries Limited announced the successful completion of the merger of Taro Pharmaceutical Industries Ltd (Taro) with its subsidiary. Sun Pharma, which has been the majority shareholder of Taro since 2010, acquired all outstanding ordinary shares of Taro that are not already owned by itself or its affiliates. Following the …
On June 24, 2024, Delta Corp Limited announced via a stock exchange filing that it had acquired 11.76% of the equity share capital in Harborpeak Real Estate Private Limited (HREPL) as part of its strategic partnership in the real estate sector. This acquisition aligns with Delta Corp’s previously disclosed plan, dated May 8, 2024, to …
ixigo (Le Travenues Technology Limited), India’s leading online travel aggregator (OTA) announced a significant expansion of its partnership with PhonePe, India’s leading digital payments platform. This enhanced collaboration brings a wider range of travel booking options to PhonePe’s massive user base. The ixigo-PhonePe partnership focused on train bookings. Now, PhonePe users can seamlessly access, and …
On June 24, 2024, Swan Energy Ltd (SEL) announced via a stock exchange filing that its Board of Directors, in a meeting held on the same day, approved the acquisition of 26,21,50,000 equity shares of ₹10 each in Triumph Offshore Private Limited (TOPL) from Indian Farmers Fertiliser Cooperative Limited (IFFCO). This acquisition, executed through a …
Borosil Ltd, a leading manufacturer of laboratory glassware and consumer kitchenware, announced a significant step towards bolstering its financial resources today. The company’s board of directors approved the launch of a Qualified Institution Placement (QIP) to raise up to ₹250 crore. QIP Launch and Pricing The board meeting on June 24, 2024, saw critical decisions …
NIIT Learning Systems Limited [NIIT Managed Training Services (NIIT MTS)], a global leader in managed learning services, has secured a coveted spot on Training Industry, Inc.’s 2024 Top 20 Companies in the Learning Services list. This prestigious recognition marks NIIT MTS’s sixteenth consecutive year on this distinguished roster of leading corporate learning and development (L&D) …
Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, announced today that it has secured a significant volume of new orders valued at ₹2,333 crore. This achievement reinforces KPIL’s position as a prominent player in the domestic and international construction sector. Diversified Order Book The new orders encompass a variety of project …
