Last updated: March 01, 2023, 8:25 AM IST
The Nifty futures contract trading on the Singapore Exchange signals a negative start for domestic stocks. The contract traded at 17,354, down 45 points or 0.26% from the previous close.
Delhivery
Reports suggest that SoftBank could divest a 3.4% stake in the company through a block deal at a 3% discount to the current market price. Supposedly, the deal size is worth $100 million and the bottom price of the deal has been set at Rs 335.1 per share of shares. SoftBank also retains the ability to increase.
Vedanta
Vedanta Resources, the parent company of Indian mining giant Vedanta, is well advanced in raising new billion dollar loans from a syndicate of banks. The company is also close to completing $750 million bilateral facilities and is confident it will meet maturities for Q1FY23. “Remaining liquidity requirements can be addressed internally,” the company said in its filing with Singapore Exchange.
Ash sofa
Completed acquisition of Citibank’s India Consumer Business NBFC Consumer Business on March 1. The cash consideration for the acquisition is Rs 11,603 crore.
NTPC
Completed the transfer of 15 renewable energy assets to NTPC Green Energy, a wholly owned subsidiary of NTPC. The company also transferred 100% equity interest in NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC, to NTPC Green Energy.
Adani Enterprises
Mundra Aluminium, a subsidiary, was declared the preferred bidder for a bauxite mineral block in Odisha, after which the government of Odisha issued a letter of intent to the company.
Center capital
Centrum Housing Finance, a subsidiary, has completed the acquisition of National Trust Housing Finance’s housing finance business.
Vodafone idea
Completed the issuance and allotment of 16,000 optional convertible bonds, with a face value of Rs 10,00,000 each to ATC Telecom Infrastructure Private Limited.
Power grid
Has been declared the successful bidder and received a letter of intent for “Establishment of Khavda Pooling Station-3 (KPS3) in Khavda RE Park” on a Build, Own, Operate and Transfer basis.
Zydus
Received final approval from the USFDA for 2.5 mg and 5 mg Apixaban tablets.
Bharat electronics
Signed a frame supply agreement with Thales Reliance Defense Systems for the production and supply of TR modules, Radar Line Replaceable Units and Micro Modules used in Rafael fighter aircraft.
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