Tata Chemicals has raised ₹1,700 crore by issuing Non-convertible Debentures (NCDs) to investors through a private placement. In a regulatory filing on August 20, 2024, Tata Chemicals stated that a board-appointed internal committee approved the allotment of 1,70,000 NCDs, each with a face value of ₹1 lakh, for a total of ₹1,700 crore. These NCDs …
AIA Engineering Ltd has acquired or subscribed to 12,000 equity shares, valued at ₹100 each, in Green Shift Private Limited (GSPL) to secure a captive power supply for its Trichy unit. The acquisition does not constitute a related party transaction. The promoter, promoter group, and group companies of the acquiring company have no interest in …
Introduction Shares of GE T&D India Ltd. experienced a sharp decline on Wednesday, August 21, 2024, as the stock was locked in a 5% lower circuit at Rs 1,717.5. This sudden drop follows the company’s announcement that its promoters are contemplating the sale of a minority stake to streamline their holding structure. The development has …
Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, experienced a significant surge on Wednesday, rising as much as 19% to reach an intraday high of Rs 228.30. This marked the stock’s highest single-day volume since its listing day, and the most substantial intraday gain since November 2022. This blog delves into the …
The Government of India established Petronet LNG Limited as an oil and gas company with the purpose of importing liquefied natural gas and establishing LNG terminals within the nation. Petronet LNG was established in 1998 with the aim of diversifying India’s energy sources and reducing its reliance on traditional fuels such as coal and oil. …
Granules India offers pharmaceutical companies across the globe an extensive array of superior products. They are able to satisfy the various needs of their clients and guarantee that they can provide patients with safe and efficient medications because they are experts in APIs, PFIs, and FDs. Granules India is also able to maintain its leadership …
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 …
