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: India’s third largest personal sector lender will make investments round Rs 50-70 crore to amass rather less than a ten per cent stake in Fairfax-backed Go Digit Life Insurance coverage. The lender is already a promoter of Max Life Insurance coverage Firm.
: The state-owned transmission main stated that its board has appointed its Director (Finance) G Ravisankar as Chief Monetary Officer (CFO) with impact from Monday. Board of Administrators have accorded approval for appointment of G Ravisankar, Director (Finance) as CFO of the corporate from 26 September, 2022.
Bharat Petroleum Company: The insurance coverage behemoth LIC has acquired over a 2 per cent stake within the state-owned refiner for practically Rs 1,598 crore since December final 12 months. Its shareholding in
has elevated from 15.25 crore to 19.61 crore fairness shares, growing its shareholding from 7.03 per cent to 9.04 per cent capital of the corporate.
NHPC: An influence home on the firm’s under-construction Subansiri Decrease Hydro Electrical challenge was partially flooded, the state-owned energy firm knowledgeable. Nevertheless, no vital affect is anticipated on the challenge commissioning schedule as a result of unexpected incident, apart from a while for dewatering and cleansing works.
Bharat Heavy Electricals: The state-owned engineering main
stated it has bagged an order from NTPC to arrange a 2×660 megawatt thermal energy challenge. The challenge is to be constructed on an Engineering, Procurement and Development (EPC) foundation.
FSN E-Commerce Ventures: The Indian Institute of Administration Ahmedabad (IIMA) has signed an settlement with , to arrange the “Nykaa Chair in Shopper Know-how”. The Chair has been arrange for an preliminary interval of three years and has been facilitated by the IIMA Endowment fund.
: The engineering and development agency’s subsidiary H G Khammam Devarapalle Pkg-1 has acquired monetary closure for Greenfield freeway challenge in Telangana, from the Nationwide Highways Authority of India (NHAI).
: The auto element maker stated that the corporate’s board of administrators will meet on September 30 to think about a proposal for the issuance of bonus shares to the fairness shareholders..
: The drug maker stated it would purchase Curatio Healthcare for Rs 2,000 crore to strengthen its presence within the dermatology section. The corporate has entered into definitive agreements to amass 100 per cent of Curatio Healthcare for Rs 2,000 crore.
: The state-owned lender has acquired over 5.5 per cent stake in Open Community for Digital Commerce (ONDC) for Rs 10 crore. On September 27, 2022, the financial institution invested within the capability of promoter shareholder of ONDC, an quantity of Rs 10 crore in ONDC, beneath the personal placement route.
: Homegrown auto main Mahindra & Mahindra has offered 82,42,444 shares or 2.17 per cent stake in its affiliate firm by means of the majority deal window at a common value of Rs 285 per share.
: The gold mortgage firm has partnered with Lulu Change to facilitate NRIs residing in UAE to make gold mortgage repayments on behalf of their family again in India. It has inked a memorandum of understanding (MoU) with cash exchanger and transferor Lulu Worldwide Change to behave as a group agent.
: The pharmaceutical agency has appointed Rajeev Kumar Jain as Chief Govt Officer of the corporate, who will probably be becoming a member of on October 3, 2022, to take the corporate on the subsequent part of its development journey. Shireesh Ambhaikar has resigned as Chief Govt Officer of the corporate citing private causes.
: The long-term infrastructure financier will allot choice shares to the federal government for a capital infusion of Rs 100 crore. The board of administrators of the corporate in a gathering held on September 27, 2022, accredited the preferential concern of fairness shares for 2022-23 to the federal government as a promoter.
SEPC: Dubai-based Mark AB Capital LLC has picked up 26.48 per cent stake in city-based SEPC (previously
) by means of an fairness funding of Rs 350 crore. The transfer was a part of the SEPC restructuring train beneath the careworn asset provisions of the Reserve Financial institution of India.
: The explosives firm has accomplished the sale of the stability 12.25 acres of land for Rs 125.11 crore. Earlier it had offered 32 acres out of 44.25 acres of land.
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