RattanIndia Enterprises Limited has announced that its Board of Directors has approved an increase in the company’s investment in its wholly-owned UAE-based subsidiary, NEORISE TECHNOLOGIES FZCO (Neorise). Investment Details The investment will rise from AED 1 million to AED 5 million, through one or more tranches. This will include the conversion of a loan of …
Indus Towers Limited informed the exchanges about the complete divestment of Vodafone Shareholders’ stake in the company. Vodafone Shareholders Exit Indus Towers The Vodafone Shareholders, comprising entities such as Al-Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, and Vodafone Telecommunications (India) Limited, among others, have exited their shareholding as of December 5, 2024. Consequently, the …
Reliance Industries Limited (RIL) has announced that its wholly owned subsidiary, Reliance Digital Health Limited (RDHL), has entered into definitive agreements to acquire a 45% equity stake in Health Alliance Group Inc. (HAGI) for an aggregate consideration of USD 10 million. Details of the Acquisition HAGI, incorporated in December 2023 in Delaware, USA, focuses on …
Poonawalla Fincorp Limited has taken a significant step forward in the financial services sector by integrating Artificial Intelligence (AI) across its Human Resources (HR) Strategic Business Unit (SBU). This pioneering move aims to transform HR processes, set new operational standards, and promote innovation within the organisation. By incorporating AI, Poonawalla Fincorp seeks to streamline and …
Ksolves India Ltd announced on Friday that its board has approved a stock split in the ratio of 1:2. This means that each existing share with a face value of ₹10 will be divided into two shares with a face value of ₹5 each. The decision is expected to enhance liquidity and make shares more …
On December 20, 2024, Pfaudler GmbH, the German subsidiary of GMM Pfaudler Ltd., entered into an Investment and Shareholders’ Agreement (ISHA) to acquire a 51% stake in a Polish limited liability company. This joint venture is set to establish a new engineering and manufacturing facility in Poland, strengthening GMM Pfaudler’s manufacturing in Europe. Investment and …
Fortis Healthcare Ltd has initiated a significant acquisition in its material subsidiary, Agilus Diagnostics Ltd, enhancing its ownership stake in the diagnostics giant. The acquisition forms part of a larger strategy to strengthen its position in the diagnostics sector, aligning with Fortis’s growth objectives. IFC Stake Acquisition Details On December 20, 2024, Fortis Healthcare announced …
Reliance Infrastructure Ltd, led by Anil Ambani, has been directed to pay ₹494 crore plus interest following a recent arbitral tribunal ruling. The case pertains to a dispute with Aravali Power Company Private Limited (APCPL) over an Engineering, Procurement, and Construction (EPC) contract. The company plans to challenge the decision in court. Arbitral Tribunal Ruling …
Praveg Limited, founded in 2005, is an Indian company listed on the BSE that focuses on experiential hospitality, tourism, and event management. While it started primarily in event management, Praveg has since expanded into the hospitality sector, providing distinctive experiences through luxurious resorts, city hotels, and destination weddings throughout India. Agreement with Mahindra Holidays & …
AGI Greenpac Limited has announced plans to raise ₹1,500 crore through the issuance of equity shares and equity-linked securities. The board approved this fundraising initiative during its meeting on December 20, 2024. The process will occur in one or more phases, using modes such as public issues, rights issues, preferential issues, private placements, and qualified …
