Vodafone | Bharti Airtel
Vodafone is in discussions to sell around a 5% stake in Indus Towers valued at over Rs 3,300 crore to Bharti Airtel.
Vedanta Ltd
The company on February 23 said its board of directors will consider on March 2 a third interim dividend for the fiscal year 2021-22.
L&T Finance Holdings
Citigroup Global Markets Mauritius & CBNA London has offloaded a 4.88% equity stake in the company via open market transactions on February 21. With this, their shareholding stands at 3.87% now, down from 8.75% earlier.
Tata Motors
The company has rolled out a special edition version of its SUV models, including Punch and Safari, priced between Rs 8.58 lakh and Rs 20.99 lakh (ex-showroom), to mark its leadership in the segment. The ‘Untamed Kaziranga Edition’ range starts with Punch, which is priced at Rs 8.58 lakh, Nexon at Rs 11.78 lakh, Harrier at Rs 20.4 lakh and Safari at Rs 20.99 lakh. The Kaziranga Edition will be available only on their respective top trims, across company authorised dealerships.
Societe Generale
The company has offloaded shares of Housing Development Finance Corp (HDFC) worth nearly Rs 1,730 crore through an open market transaction. Societe Generale has sold nearly 71 lakh shares at an average price of Rs 2,436.8 apiece.
Sanofi India
The final dividend of Rs 181 per equity share for the year ended December 2021 has been approved by the board of directors. In addition, the firm has also declared a special dividend of Rs 309 per share for the year. The decision of special dividend has been taken especially after the selling of nutraceuticals business during the year. Also, the net profit declined 26.5% year-on-year to Rs 90.4 crore for the quarter ended December 2021, and revenue during the same period fell 4.5% to Rs 688 crore YoY.
Bosch
The company has acquired a minority 26% stake in B2B eCommerce auto spares, garage equipment and accessories Autozilla Solutions. The said acquisition will allow the company to participate in a digital B2B marketplace for the independent aftermarket (IAM) in the domestic market and will help it in easing auto spares procurement.
Forbes & Company
The firm said the board has given its approval for a binding term sheet for the sale of the company’s entire shareholding in subsidiary Forbes Facility Services to SILA Solutions. The said transaction of Rs 42 crore is expected to be completed by the first quarter of FY23. Further, there would be termination of its Joint Venture agreement with Sterling Investment Corporation, G S Enterprises in relation to Shapoorji Pallonji Forbes Shipping (SPFSL), but the company would continue to hold 25% equity and preference share capital in SPFSL. The termination is taking place with mutual consent.
Tech Mahindra
The company has collaborated with ASKA, a drive and fly company that offers consumers a new generation commuter vehicle by combining the convenience of an automobile, with the safety, ease and efficiency of VTOL (Vertical Take-off And Landing) and STOL (Short Take-Off and Landing) flight, to create the best drive-and-fly experience.
Wipro
The firm said it has joined the global partnership network of o9 Solutions. The partnership will help companies rapidly transform complex supply chains and eliminate the inefficiencies of long-standing supply chain solutions, by digitizing their integrated planning and operations management capabilities. o9 Solutions is a leading enterprise AI software platform provider for transforming planning and decision-making.
TVS Motor
The company’s exports in the two-wheeler segment have clocked sales of 1 million (10 lakh) units, marking a significant milestone in the current financial year (FY22) for the first time.
Piramal Enterprises
The firm said the Committee of the Board of Directors on February 28 will consider the fundraising by the issue of non-convertible debentures up to Rs 100 crore along with an option to retain oversubscription up to Rs 400 crore. With this, the total fundraising via NCDs would be Rs 500 crore on a private placement basis.
SKF India
Anurag Bhagania has resigned from the position of chief financial officer.
Zydus Cadila
The company has received final approval from the USFDA to market Dapagliflozin Tablets in the strengths of 5 mg and 10 mg.
PNC Infratech
The company has been declared the L1 (lowest) bidder in the three new Hybrid Annuity Modelled National Highway Projects of NHAI for an aggregate Bid Project Cost of Rs 4384 crore.
VIP Clothing
Promoter Lalita Jaykumar Pathare has sold more than 5.83 lakh equity shares, representing 0.7% of total paid-up equity, via open market transactions on the NSE. The stake has been sold at an average price of Rs 22.98 per share. Pathare had held a 12.48% stake in the company as of December 2021.
Beardsell
Promoter Anumolu Bharat has offloaded over 3.01 lakh shares or 0.8% via open market transactions on the NSE. The stake was sold at an average price of Rs 13.56 per share. Bharat held a 5.4% equity stake in the company as of January 22, 2022.
