Handy futures on the Singapore Exchange traded 34 points, or 0.22 percent, lower at 15,732, indicating Dalal Street was headed for a negative start on Thursday. The market made a four-day winning streak, closing in the previous session with a loss of one-third of one percent as traders appear to be cautious ahead of a day when June futures and options contracts expire. Banking and financial services, FMCG and IT stocks dragged the market down. The BSE Sensex fell 150 points to 53,027, while the Nifty50 fell 51 points to 15,799.
Wonderla Holidays
The company has signed an agreement with the government of Odisha to lease approximately 50 hectares of land for the development of an amusement park project in Bhubaneswar, Odisha.
TVS motors
Private equity giants TPG Capital and KKR & Co. are in talks with TVS Motor Co. Ltd to invest at least $300 million to fund the expansion of their electric vehicle business.
biocon
Bangalore-based biopharmaceutical company Biocon is taking a 26 percent stake in AMPYR Renewable Energy Resources Eleven for solar energy. The transaction costs about Rs 7.50 crore. Through the acquisition, Biocon plans to improve its renewable energy-based power consumption.
infosys
The company has reached an agreement with The House Fund III, LP, a US Venture Capital (VC) fund, for a $10 million investment. The investment is expected to be completed on June 30 of this year. This is a minority interest and does not exceed 20 percent of the fund size. The House Fund is a pre-seed and early-stage VC fund, investing in AI startups from the UCB ecosystem.
GR Infrastructure projects
The company has completed the development of the Purvanchal Expressway (Package-VII) from Mojrapur to Bijaura in Uttar Pradesh on an EPC basis. The Certificate of Completion was issued by the Independent Engineer on June 28 and declared the project fit for commercial operation with effect from March 7, 2022
MTAR technologies
On June 28, investor Fabmohur Advisors LLP sold 61,855 shares or a 0.2 percent stake in the company through open market operations. As a result, the stake in the company fell to 0.79 percent, from 0.99 percent earlier.
Minda Industries
The company has acquired 4,48,162 shares or a 5.24 percent stake in the German FRIWO AG, by investing 14.99 million euros. The investment has been made in the aforementioned company, after obtaining the required approvals including the Reserve Bank of India under Overseas Direct Investment (ODI) guidelines.
Road network of Bharat
The company has received Rs 94.11 crore from the buyer against its equity exposure of Rs 112.16 crore in Shree Jagannath Expressways Private Limited (SJEPL), an associate of the company, after closing the transaction by selling the entire stake of 40 percent in SJEPL. Indian Highway Concessions Trust, acting through its investment manager, is the buyer.
Indian oil company
Indian Oil Corporation to expand the capacity of the Digboi refinery. The company said the board has granted investment approval for capacity expansion of the Digboi refinery in Assam from 0.65 to 1 mmtpa along with associated facilities at an estimated cost of Rs 740.20 crore. The project is expected to be commissioned in October 2025.
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