Tata Consultancy Services (TCS)
The company is planning to consider a proposal for buyback of equity shares of the company, at its meeting to be held on January 12, 2022. TCS’ previous buyback offer of around Rs 16,000 crore had opened on December 18, 2020, and closed on January 1, 2021.
Tata Steel
The company increased its stake in Medica TS Hospital (MTSHPL), a joint venture company, from 26% to 51%.
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Gulshan Polyols
The company has received, signed and executed a Long Term Offtake Agreement, for setting up of upcoming standalone dedicated ethanol plant of 250 KLPD at Industrial Growth Centre, Matia, Goalpara and 500 KLPD (kiloliters per day) at MPAKVN Industrial Area, Borgaon, Madhya Pradesh.
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IIFL Wealth Management
The company’s board has approved the allotment of 298 rated secured redeemable principal-protected market-linked non-convertible debentures (NCDs) of face value Rs 10 lakh each, at an issue price of Rs 10,02,041 each, aggregating to Rs 29.86 crore on a private placement basis.
Dilip Buildcon
Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the National Highways Authority of India, for four Laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.
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Sobha
The company reported a sales volume of 13,22,684 square feet of super built-up area valued at Rs 1,047.5 crore in Q3FY22, up from a sales volume of 11,33,574 square feet of super built-up area valued at Rs 887.6 crore in Q3FY21. Sobha share of sale value stood at Rs 908.2 crore during the quarter, up from Rs 677.7 crore in the same quarter last year.
Macrotech Developers
Lodha Developers reported a 40 per cent increase in sales bookings to Rs 2,608 crore during the quarter ended December on higher housing demand, trimming net debt by 20 per cent to Rs 9,925 crore.
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Cyient
Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company via open market transactions on January 6, reducing shareholding to 33.93 lakh shares from 56.1 lakh shares earlier.
Avenue Supermarts
The company reported a 24.6% higher standalone profit at Rs 586 crore, and a 22% higher revenue at Rs 9,065 crore in Q3FY22, YoY.
RIL
The company on January 8 said it had entered a pact to acquire New York-based premium luxury hotel the Mandarin Oriental.
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CSB Bank
C VR Rajendran decided to take early retirement from the post of MD & CEO and to continue leading the bank till March 31, 2022.
JSW Steel
The company has earmarked an investment of Rs 15,000 crore to set up a 5 million tonnes per annual (MTPA) steel-making capacity at its integrated plant in Vijayanagara, Karnataka.
KEC International
The company has secured new orders of Rs 1,025 crore across its various businesses. The transmission & Distribution (T&D) business has secured orders for T&D projects in India and the Middle East.
