Vedanta Limited

Billionaire Anil Agarwal-owned Vedanta Limited has
started iron ore mining operations in Liberia over a decade after it acquired
the necessary rights as the Ebola epidemic disrupted its plans. Western Cluster
(WCL), a step-down subsidiary of Vedanta, had signed an agreement with the
Liberian government for three iron ore mines namely Bomi, Bea and Mano in 2011.
The company has its groundbreaking ceremony at the Bomi mine on Wednesday, as
per a regulatory filing Vedanta. 

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RBL Bank

The Reserve Bank of India (RBI) has approved R Subramaniakumar’s appointment as the MD & CEO of RBL Bank, the private
lender told exchanges. Subramaniakumar is the former managing director and
chief executive director of state-run Indian Overseas Bank, retiring on June
30, 2019. He was appointed the administrator of Dewan Housing Finance Co
Limited after the mortgage financier’s board was superseded. Subramaniakumar
has been appointed at RBL for three years from the date of taking charge.

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IIFL Finance

British International Investment Plc (formerly known as
CDC Group Plc) sold 1.6 crore shares in the company via open market
transactions on June 10. With this, its shareholding in the company stands
decreased to 3.557% from 7.772%. However, Max Life Insurance Company bought
24.6 lakh equity shares in the company and Nomura India Investment Fund Mother
Fund acquired 44,74,548 shares at an average price of Rs 325.1 per share.

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Lemon Tree Hotels

The company has signed a licence agreement for a 44-room
hotel in Gajuwaka, Vishakhapatnam, Andhra Pradesh under its brand “Keys Lite by
Lemon Tree Hotels”. The hotel is expected to open by March 2023. Carnation
Hotels Private Limited, a subsidiary and the hotel management arm of the
company, will handle this property.

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Jammu & Kashmir Bank

The bank board has approved the appointment of Pratik D
Punjabi as the Chief Financial Officer.

Astron Paper & Board Mill

The company reported a sharp decline in consolidated
profit at Rs 0.32 crore for the quarter ended March 2022 against a profit of Rs
6.8 crore in the same period last year, dented by muted revenue and lower other
income. Revenue declined to Rs 143.2 crore from Rs 143.8 crore during the same
period.

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IndInfravit Trust

The company proposed to acquire the entire equity share
capital in five special purpose vehicles – three toll-road infrastructure
assets (Simhapuri Expressway, Rayalseema Expressway, Mumbai Nasik Expressway)
and two annuity infrastructure assets (Kosi Bridge Infrastructure Company, and
Gorakhpur Infrastructure Company) – from BIF India Holdings Pte Ltd and Kinetic
Holdings I Pte Ltd. Both entities (BIF and Kinetic) are owned by funds managed
by Brookfield Asset Management Inc and its affiliates. The payment for the
proposed transaction is based on a cumulative gross enterprise value of Rs
8,940.9 crore.

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Krishna Institute of Medical Sciences

Mirae Asset Mutual Fund acquired 1,08,472 equity shares
in the company via open market transactions on June 9. With this, its
shareholding in the company stands increased to 8.23% from 8.1%.