On December 18, 2024, IOL Chemicals & Pharmaceuticals made an announcement via an exchange filing, stating that the Board of Directors will meet on December 27, 2024, to evaluate and approve a stock split of its share capital. Specifically, the discussion will focus on the sub-division or split of the company’s current equity shares, which …
On December 18, 2024, ABB India announced that it had signed an agreement to acquire the power electronics business of Gamesa Electric in Spain, a subsidiary of Siemens Gamesa. This strategic acquisition aims to strengthen ABB’s position in the rapidly growing market for high-powered renewable power conversion technology. The acquisition will significantly enhance ABB’s existing …
On December 19, 2024, DOMS Industries shares are likely to draw attention due to a potential block deal involving Fabbrica Italiana Lapis ed Affini S.p.A. (F.I.L.A). DOMS Industries block deal, valued at approximately ₹764 crore, will see F.I.L.A. selling up to 4.57% of its equity stake in DOMS Industries. As of September 30, 2024, F.I.L.A. held a …
Bengaluru-based real estate giant Brigade Enterprises has launched Brigade Citrine, India’s first net-zero residential project, setting a new benchmark for sustainable urban living. The project was valued at an estimated ₹500 crore in Gross Development Value (GDV), marking a step in Brigade Enterprises’ journey toward achieving its goal of net-zero emissions by 2045. A Pioneering …
On Thursday, December 19, 2024, Lloyds Metals and Energy’s share price dipped 2.17% to trade at 1,152.85 at 1:18 PM (IST) on BSE. The shares remain in focus after the company announced its acquisition of a significant 79.82% equity stake in Thriveni Earthmovers and Infra. The acquisition involves subscribing to 70 crore equity shares, which represents 79.82% …
On December 19, 2024, Imagicaaworld Entertainment announced that it had received a stable credit rating from India Ratings & Research (Ind-A) for its various financial instruments. The ‘IND A’ rating highlights the company’s financial position, business performance, and ability to meet its financial obligations. Imagicaaworld Entertainment share price closed 1.99% lower at ₹73.95 on the BSE, …
Maruti Suzuki India (MSI) announced a collaboration with the Bihar government to build automated driving license test tracks at Bhagalpur, Darbhanga, Gaya, Purnia, and Saran. According to a statement from MSI, these tracks, designed with zero human intervention, aim to make driving license tests more efficient, transparent, and thorough. Tackling India’s Road Safety Challenge Rahul …
Shriram Finance announced it had raised $1.27 billion through a syndicated external commercial borrowing (ECB), the largest loan of its kind secured by an Indian private non-banking financial company (NBFC). Loan Details The multi-currency loan was arranged by 12 top banks, including the International Finance Corporation (IFC), and has a maximum tenure of 5 years. …
Interarch Building Products informed the exchanges that it has partnered with Jindal Steel & Power Ltd (JSPL) to promote steel as the preferred material for urban infrastructure. The partnership combines Interarch’s expertise in pre-engineered building (PEB) construction with JSPL’s advanced steel manufacturing capabilities to address demands for high-performance, sustainable structures like multi-story buildings, data centers, …
TVS Holdings Limited announced that its wholly-owned subsidiary, TVS Emerald Limited, has entered into agreements to acquire 100% equity shares and Compulsorily Convertible Debentures (CCDs) of Radial (Phase II) IT Park Private Limited and Radial (Phase III) IT Park Private Limited. These agreements, dated 17th December 2024, outline the acquisition of securities for both companies …
