On July 4, 2024, Samvardhana Motherson International Limited announced via a stock exchange filing that it has successfully priced $350 million in 5.625% senior secured guaranteed notes. These notes were issued through its subsidiary, SMRC Automotive Holdings Netherlands B.V. (SAHN BV), with a corporate guarantee from SAMIL. This marks Motherson Group’s return to the US …
On July 4, 2024, Mahindra Lifespace Developers Limited (MLDL) announced via a stock exchange filing the completion of two significant transactions totalling ₹2,050 crore in Gross Development Value (GDV). These strategic initiatives include securing a third redevelopment project in Mumbai and acquiring a valuable land parcel in Bengaluru, further bolstering the company’s presence in these …
On July 4, 2024, Raymond Ltd announced through a stock exchange filing the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty Limited (RRL). The company stated that post-demerger, both Raymond Ltd and Raymond Realty Limited will function as separate listed entities within the Raymond Group, pending regulatory approvals. Under …
On July 4, 2024, GOCL Corporation Limited announced in a stock exchange filing the significant developments regarding its subsidiary, IDL Explosives Limited (IDL), and its relationship with Coal India Limited (CIL). According to the filing, CIL, through a letter dated July 2, 2024, has imposed a 2-year ban on IDL for participating in any contract …
On July 4, 2024, Shilpa Medicare Limited (SML) announced in a stock exchange filing that its CDMO (contract development and manufacturing organisation) customer, Unicycive Therapeutics, Inc., has reported positive results from the pivotal clinical trial of Oxylanthanum Carbonate (OLC), a new chemical entity (NCE) molecule with potential treatment for hyperphosphatemia in chronic kidney disease patients. …
On July 4, 2024, FSN E-Commerce Ventures Limited, known for its brand, Nykaa, recently disclosed in a stock exchange filing that its step-down subsidiary, Nessa International Holdings Limited, has established a new wholly-owned subsidiary in Qatar named ‘Nysaa Cosmetics Trading’. This newly formed entity operates as a Single-Member Limited Liability Company. Nysaa Cosmetics Trading is …
Restaurant Brands Asia Ltd. stands as a dominant force in the quick service restaurant sector, operating an extensive network of over 30,000 restaurants spread across more than 100 countries globally. The company is renowned for its iconic brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs, each catering to diverse consumer preferences with …
Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc. The company has also been accorded Navratna status by the Government of India. …
Private sector lender RBL Bank announced its Q1FY245 update yesterday, highlighting major growth in deposits and advances. As of June 30, 2024, the bank’s total deposits increased by 18% year-on-year to Rs.101,351 crore, up from Rs.85,636 crore on June 30, 2023. However, deposits saw a 2% decline on a quarter-on-quarter basis. The shares of RBL …
Punjab National Bank (abbreviated as PNB) is one of India’s oldest and most trusted public sector banks, an Indian government public sector bank based in New Delhi. It was founded in May 1894 and is the second-largest public sector bank in India. PNB offers a comprehensive range of financial services, including retail and corporate banking, …
