UPL: The Agro-chemical firm said it has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh. The company, which is into solar/wind power generation, is yet to commence operations.
and SEZ: Adani Ports will enhance Haldia Dock’s capacity in Bengal as its subsidiary HDC Bulk Terminal has signed concession agreement with Syama Prasad Mookerjee Port, Kolkata, for mechanization of Berth no. 2 at Haldia port.
IndusInd Bank: The private lender has approved the reappointment of Sumant Kathpalia as the managing directorate and chief executive officer for three more years subject to the RBI’s approval by the board of directors of the bank at its meeting.
PVR: Three different entities have offloaded 40.45 lakh shares of multiplex operator that are worth Rs 759.14 crore through open market transactions. Plenty Private Equity Fund I offloaded 10,76,259 shares of the firm at an average price of Rs 1,887.04 and Gray Birch Investment sold 22,06,743 shares at Rs 1,871.18 apiece.
: The credit card firm has raised Rs 500 crore on a private placement basis. by allotting 5,000 fixed rate, unsecured, taxable and redeemable bonds, in the nature of non-convertible debentures of Rs 10 lakh each aggregating to Rs 500 crore. The tenure of the bonds is three years and is set to mature on September 15, 2025.
Indian Hotels Company: The Tata Group’s hotel operator signed a 129-room Vivanta hotel in Haridwar, Uttarakhand, in management contract with Marvelous Infraestate. Located in SIDCUL (State Industrial Development Corporation of Uttarakhand Limited), Haridwar, the existing hotel will be rebranded to Vivanta post upgradation.
: The metal player began expansion work of ductile iron pipe inaugurated worth Rs 600-crore expansion project of Tata Metaliks’ ductile iron pipe plant in Kharagpur. This new plant will help the company expand its product range and enhance its presence in the fast-growing water infrastructure space.
: The private lender closed the qualified institutional placement through which it raised Rs 475 crore by issuing over 22.6 crore shares. The SFB issued a total of 22,61,90,476 equity shares at an issue price of Rs 21 per piece. The Qualified Institutions Placement (QIP) issue had opened on September 12.
Jammu & Kashmir Bank: The state run lender proposal to raise capital by issuing shares to staff members under the employee stock option plan was rejected by the shareholders in the annual general meeting held in late August. The bank released the minutes of the 84th annual general meeting (AGM) held on August 24, 2022.
Career Point: The Reserve Bank of India has issued no objection letter (NOC) for merger of Srajan Capital (NBFC) with Career Point (Non-NBFC) under the Scheme of Arrangement. Srajan Capital is a subsidiary of Career Point.
: The packaging company has completed sale of engineering plastics business to Radici Plastics India. Ester in May 2022 had entered into a definitive agreement to sell the said business for Rs 289.33 crore.
: The State-owned utilities player said it has awarded the contract for the construction of a 100 MW solar project at Raghanesda in Gujarat to
Solar Systems. The company has entered into an engineering procurement & construction contract with Tata Power Solar the 100 MW project worth Rs 612.71 crore.
: The subsidiary of the IT and software player has received an enterprise task order agreement for providing citywide systems integration services, Class I, from the City of New York (City), Department of Information Technology and Telecommunications. The order is for six years.
& Chemicals: The commodity chemicals company said the board of directors proposed to install a new plant at existing plant location at Pithampur for manufacturing of boric acid derivatives and related products. The project will be funded by internal accruals.
: Mauritius based Eriska Investment Fund has picked up 50,000 equity shares in the confectionary and candy maker at an average price of Rs 101 apiece, amounting to Rs 50.5 lakh.