Kotak Mahindra Bank: The bank on Wednesday said reports of it planning to acquire an NBFC are speculative, but hinted it’s interested in consolidation drive and termed the pile of stressed assets in the system as a growth area.
Future Lifestyle Fashions: The company has transferred its Lee Cooper business to a wholly-owned arm Future Speciality Retail Ltd by way of a slump exchange on a going concern basis.
NHPC: The government has sold equity shares worth Rs 1,950 crore in the state-run hydro power generator NHPC LtdBSE 0.32 % under buyback issue of the company. The Central government has sold 60.48 crore equity share, NHPCBSE 0.32 % said in a BSE filing today.
Bharti Airtel: S&P Global Ratings on Wednesday said its rating on telecom operator Bharti AirtelBSE -0.39 % is unaffected by the company’s plan to sell 10.3 per cent stake in its subsidiary Bharti Infratel, but added the deal will help improve its financial ratios.
RIL: Reliance IndustriesBSE 0.79 % (RIL) on Wednesday said it has completed sale of its entire 76 per cent interest in its East African company GAPCO to Total SA of France for an undisclosed sum.
Thermax: ThermaxBSE 0.65 % through its step down subsidiary in Denmark, has agreed to acquire 100 per cent stake of Barite Investments, Poland.
Yes Bank: The private sector lender on Thursday announced that the Capital Raising Committee of the board of directors at its meeting held on March 29 has approved issue price of Rs 1500 per equity share for issuance of 3,27,11,000 equity shares to QIBs.
Siemens: A consortium of Siemens and Sumitomo Electric Industries has bagged an order of $520 million from Power GridBSE 0.10 % Corp for supply of a high-voltage direct current (HVDC) transmission system.
Reliance Infra: Reliance Infrastructure InvIT Fund, which is planning a Rs 3,000-crore issue next month, has become the first to get approval from the National Highway Authority (NHAI), according to sources.
Alkem Laboratories: The pharma firm on Wednesday said it has received establishment inspection report (EIR) from the US health regulator on the closure of its inspection at its API facility at Ankaleshwar in Gujarat.