Reliance Infrastructure Ltd | Reliance Power Ltd
Anil Ambani resigned as director from the boards of Reliance Infrastructure Ltd and Reliance Power Ltd on Friday evening, a month after the Securities and Exchange Board of India (Sebi) ordered him and other directors of Reliance Home Finance Ltd to resign from any listed business with immediate effect.
Vedanta Limited
The company has said in a regulatory filing that the board of directors of the company at their meeting held on March 25 approved investments in three projects. The projects approved by the Vedanta board are related to Cairn Oil & Gas, Zinc International – Gamsberg Phase-2 Project; and ESL Steel Limited’s 3 MTPA growth project.
PVR | INOX
PVR and INOX on March 27 announced a merger of the Board of Directors of PVR Limited and INOX Leisure Limited. It was also decided that Ajay Bijli will be the Managing Director of the combined entity and Sanjeev Kumar would be appointed as the Executive Director.
GAIL (India)
The state-owned natural gas distribution company on March 31 will consider the proposal of buyback of the fully paid-up equity shares.
BSE Limited
POONAWALLA CONSTRUCTIONS LLP sold 2,30,820 shares in BSE Limited at Rs 891.88 per share on the NSE.
Vijaya Diagnostic Cen Ltd
KARAKORAM LIMITED sold 25,32,270 shares in Vijaya Diagnostic Cen Ltd at Rs 445.00 per share on the NSE.
Fino Payments Bank
The Reserve Bank of India has granted approval for referring customers of Fino Payments Bank to Finwizard Technology (FISDOM) for mutual fund distribution, and 5paisa Capital for demat & trading services under referral arrangement.
Bharat Electronics Limited (BEL)
Airports Authority of India (AAI), under its R & D initiative, has entered into an agreement with Bharat Electronics (BEL) for the joint, indigenous development of systems for air traffic management and surface movement of aircraft at airports in the country which were hitherto being imported.
Adani Enterprises
Subsidiaries Mahanadi Mines and Minerals Private Limited, and MP Natural Resources Private Limited are declared as successful bidders for coal blocks – Bijahan and Gondbahera Ujheni East coal block in Odisha and Madhya Pradesh respectively, by the Government of India. The revenue sharing with the government will be 14 % for the Bijahan coal block and 5% for the Gondbahera Ujheni East coal block.
Technocraft Industries (India)
The company has incorporated a Subsidiary Company namely ‘Technomatic packaging’ on March 24, 2022, for its business.
Bharti Airtel
The telecom operator will acquire around a 4.7% stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group Plc, at a price of Rs 187.88 per share. The total transaction cost stands at Rs 2,388.06 crore.
Butterfly Gandhimathi Appliances
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED bought 98,33,754 shares of Btrfly Gandhi Appl Ltd at Rs 1403.00 per share on NSE.
G R Infraprojects
The company has emerged as L-1 bidder for road project comprising up-gradation to four-lane with paved shoulder of NH-341 from Bhimasar to Anjar – Bhuj in Gujarat on Hybrid Annuity Mode. The bid cost of the project is Rs 1,085 crore and the said project is going to be completed within 730 days from the appointed date.
Mahindra & Mahindra (M&M)
The company has entered into the NFT (non-fungible token) universe, with the release of its first tranche of tokens, becoming the first Indian automotive OEM to enter this space.
Emami
The company has acquired “Dermicool”, one of the leading brands in the prickly heat powder and cool talc category, from Reckitt Benckiser Healthcare (India). The acquisition cost stood at Rs 432 crore which is funded through internal accruals.
Indiamart Intermesh
The company has entered into an agreement to invest 51.09% of the share capital (on a fully diluted basis) of Finlite Technologies (Livekeeping). The company intends to invest up to Rs 45.98 crore approximately in Livekeeping.
Sagar Cements
The board has approved the issuance of 1,32,07,548 equity shares to PI Opportunities Fund, an affiliate of Premji Invest, an investment arm of Azim Premji’s endowment and philanthropic initiatives, at an issue price of Rs 265 per share. This transaction will fetch the company Rs 350 crore which will be largely utilised towards meeting the organic and inorganic expansion plans of the company along with funding its general corporate purposes.
Exide Industries
The company has incorporated a wholly-owned subsidiary (WOS), namely ‘Exide Energy Solutions’ to set up a greenfield multi-gigawatt Lithium-ion cell manufacturing facility in India with an initial authorized and paid-up equity share capital of Rs 1 lakh.
