Aster DM Healthcare will remain in focus as Olympus Capital Asia Investment is expected to sell 10.1% stake through a block deal, according to reports. The block portion includes a base size of 5.05% and a greenshoe option for another 5.05%. The floor price has reportedly been set at Rs 331 per share.
Venture capital firm Avatar Venture Partners has exited RateGain Travel Technologies by selling its entire 1.8% stake (21,56,960 shares) for Rs 1,600 crore at Rs 745 per share through open market transactions. The shares were acquired at the same price by Axis Mutual Fund (MF), ICICI Prudential MF, Tata MF, Morgan Stanley Asia Singapore and Societe Generale.
Visa services provider BLS International has opened a new visa application centre in Mumbai with enhanced processing capacity. The centre, located at Nariman Point, will also handle visa applications for Spain, Slovakia, Egypt, Gambia, Morocco and South Korea, the company said.
Market regulator SEBI has confirmed its interim directions barring JM Financial Ltd from acting as lead manager for any public bond issue till March 31, 2025, following alleged irregularities in the public issue of non-convertible debentures (NCDs).In its confirmatory order, the regulator clarified that the restriction applies only to the public bond issue and will not affect any other activities of JM Financial Ltd (JMFL), including equity issues.
Tata Communications has secured a $250 million sustainability loan from DBS Bank, ANZ Bank and Export Development Canada (EDC). The loan, which has a five-year tenor, will be called a sustainability-linked loan (SLL) and its cost will be determined by progress towards carbon emissions targets, according to a statement.
​NACL Industries (formerly Nagarjuna Agrichem Ltd) has appointed Ernst & Young as the investigative agency to conduct a forensic audit to look into certain irregularities in respect of accounts receivable pointed out by the statutory auditors. “After receiving the report, the company will reassess the situation and determine whether further adjustments and disclosures are required,” the company said in a BSE filing. The company said it will initiate appropriate legal action against any employees or third parties found involved in any irregularities.
The malware attack on GIC Housing Finance Ltd has affected some of its end-user systems, the company informed exchanges on Thursday. Operations at the housing finance company, which has net assets of Rs 1,828.83 crore as of March 31, have not been disrupted. GIC Housing Finance said it has “isolated the affected systems from our network to prevent further impact.” The company said a detailed investigation is underway in consultation with stakeholders to assess the root cause and take corrective measures, if necessary.
Amara Raja Energy & Mobility (ARE&M), a leading Indian battery manufacturer, has invested an additional EUR 20 million in Norway’s InoBat AS, including an additional 4.5% stake, bringing Amara Raja Energy & Mobility Limited’s total stake in InoBat AS to approximately 9.32%, including its previous investment of EUR 10 million. Slovakia’s InoBat specializes in the research, development and manufacture of electric vehicle batteries custom designed to meet the specific requirements of global mainstream and specialty OEMs in the automotive, commercial vehicle, motorsport and aerospace sectors and has seen significant growth in recent years.
Clean Science and Technology Limited has subscribed for an additional 8,36,121 equity shares of face value of Rs 10 each at Rs 588 per share in cash under the rights issue of its wholly owned subsidiary Clean Finochem Limited, raising the aggregate proceeds to Rs 500 crore. The shares will rank pari passu with existing shares. The additional capital will be primarily used for growth capital expenditure, the company said.
As part of its internal restructuring, Voltas Ltd has entered into a share purchase agreement with its wholly owned subsidiary Universal MEP Projects Pte Limited in Singapore to transfer to UMPPL its direct investments in overseas subsidiaries, namely Weathermaker FZE (100%) in the UAE, Saudi Ensas Company for Engineering Services WLL (92%) in the Kingdom of Saudi Arabia and Lalbuksh Voltas Engineering Services and Trading LLC (20%) in the Sultanate of Oman.
Serene Vibes Private Limited (SVPL), a wholly owned subsidiary of RPSG Ventures, has entered into a Deed of Assignment with Natures Basket Limited, a subsidiary of Spencer’s Retail Ltd, to acquire the NBL-owned brand ‘The Gift Studio’ for a total consideration of INR 247.5 million (inclusive of applicable taxes).
The Oil and Natural Gas Corporation Ltd (ONGC) board has approved the appointment of Devendra Kumar as its Chief Financial Officer (CFO).
Triveni Engineering and Industries: The company acquired an additional 36.34% stake in Sir Shadi Lal Enterprises for Rs 448.3 crore.
