H.G. Infra Engineering Limited (HGINFRA) has announced in a stock exchange filing that the company has been declared the Lowest-1 (L-1) bidder by the Ministry of Road Transport and Highways (MoRTH) for a significant road infrastructure project in Gujarat. The company stated that the project involves the upgradation of an existing 6-lane road, including the …
Genus Power Infrastructures Limited announced in a stock exchange filing that its wholly-owned subsidiary has secured 3 significant Letters of Award (LOAs) worth a total of ₹3,608.52 crore (net of taxes). The company stated that these awards are for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The scope of work includes the designing, …
General Atlantic recently announced that it is planning to sell a 5.1% stake in PNB Housing Finance through an open market transaction on Wednesday. According to IIFL Securities, the firm will divest 1.33 crore shares at a floor price of Rs.775 each, aiming to raise approximately Rs.1,033 crore. Stake & Other Transactions As of June …
Shriram Finance Limited has established itself as a trusted and reliable financial institution, catering to the diverse needs of its customers across various sectors. One of the biggest non-banking finance companies (NBFC) in India for retail asset financing is Shriram Finance Limited, with assets under management (AUM) of Rs. 2,24,862 crores. Strong competencies in loan …
On August 20, 2024, IT services company Cyient announced that its board approved the sale of a 14.5% stake in its subsidiary, Cyient DLM Ltd, through a block deal. This sale is expected to be finalized on August 21, 2024, with the floor price likely set at Rs.748.65 per share, a 5% discount from Cyient …
Fusion Microfinance Ltd. saw its shares plunge by 20% on Wednesday, hitting a lower circuit after the company’s credit costs for the June quarter exceeded expectations, prompting a downgrade from a brokerage firm. This significant drop has pushed the stock below its IPO price of Rs 368 per share. The company made its debut on …
On August 07, 2024, Pidilite Industries Limited, a leading Indian manufacturer of adhesives, sealants, and construction chemicals, announced its financial results for the June 30, 2024 quarter. Overall, UVG was 9.6%. The B2B segment showed strong performance with 18% UVG, driven by both domestic and export markets, while the Consumer & Bazaar (C&B) segment had …
On August 7, 2024, Shoppers Stop, India’s top destination for fashion, beauty, and gifts, continues offering a fresh, enriching, and unmatched shopping experience. With 114 department stores nationwide and a strong online presence, Shoppers Stop redefines retail excellence by providing over 500 brands and 120,000+ styles. They offer various services, such as personal shoppers and …
In a strategic move to enhance its footprint in the wind energy services sector, Suzlon Energy Ltd. has announced the acquisition of a 76% stake in Renom Energy Services Pvt. The board of directors approved this significant acquisition on Tuesday, highlighting Suzlon’s commitment to expanding its operations and maintenance services in the renewable energy market. …
Indian Hotels Company Limited (IHCL), India’s largest hospitality chain, has announced the signing of a new hotel in Nadiad, Gujarat. This upcoming property, branded as an IHCL SeleQtions hotel, marks an expansion of the company’s footprint in the state. The new hotel will feature 108 keys and is located along the Golden Quadrilateral road on …
