Yes Bank

The private sector bank will seek
shareholders’ approval next month to raise debt capital of Rs 10,000 crore
through various modes on a private placement basis. The bank’s annual general
meeting is scheduled for July 15, 2022. The bank said it plans to borrow the funds
through debt securities including nonconvertible debentures, MTN (Medium-Term
Notes), and bonds (including forming part of tier I/II capital). It may also
include long-term infrastructure bonds or other securities, including
securities to be issued from its offshore branches and/or the IBU (IFSC Banking
Unit) situated at the GIFT City IFSC.

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JSW Steel

JSW Steel reported 31% jump in crude steel
production to 17.89 lakh tonnes in May, up from 13.67 lakh tonnes in May of
2021.

The flagship company of the USD 22 billion JSW
Group said that production of flat-rolled products also expanded by 29% to
12.84 lakh tonnes for the month compared to 9.99 lakh tonnes in the same month
last fiscal.

The production of long items increased by 25%
on a year-to-year basis to 3.86 lakh tonnes for May 2022. The
production in May last year was 3.09 lakh tonnes.

Currently, JSW Steel has an installed annual
crude steel capacity of 18 million tonnes in India, which comprises 12.5 MTPA
of flat products and 5.5 MTPA of long products.

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UPL

UPL through its subsidiary USCL has acquired
Kudos Chemie for Rs 40 crore and is required to invest Rs 237 crore in Kudos
over a period of 2 years as per the resolution plan approved by NCLT. Kudos is
a manufacturer of speciality chemicals used a beverage and pharmaceutical
ingredients. It has a manufacturing plant near Chandigarh.

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Indian Overseas Bank

The public sector bank said the board has
approved the capital plan for the financial year 2022-23. The bank will raise
around Rs 1,000 crore by issuing equity shares and another Rs 1,000 crore by
issuing bonds, in fiscal 2023.

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Usha Martin

Promoter companies Peterhouse Investments
Limited and PACs have sold 63,000 equity shares in the company through open
market transactions on June 14 and June 16. With this, their stake in the
company stands reduced at 1.91%, down from 1.94% earlier.

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Voltamp Transformers

HDFC Mutual Fund through its various funds
bought 50,000 equity shares in the company through open market transactions on
June 14. With this, its stake in the company increased at 5.25%, up
from 4.91% earlier.

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Jyothy Labs

Nalanda India Equity Fund acquired 6.55 lakh
equity shares in the company through open market transactions on June 14. With
this, its stake in the company stands increased at 5.06%, up from 4.88%
earlier.

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NBCC (India)

The company has recorded a total business of Rs
330.35 crore during May 2022.