RIL, Future Enterprises, PVR, Vedanta, HCL Tech

Future companies: Reliance Retail Ventures Ltd will acquire Future Group’s retail, wholesale, logistics and warehousing businesses to ₹24,713 crore. The long-awaited agreement between RIL and Future Group got its go-ahead on Saturday.

Dependency Industries: The all-cash agreement between RIL and Future Group has been carried out on the basis of a retail sale. Reliance Retail has also proposed to invest ₹Rs 1,200 crore in the preferred issuance of Future Enterprises shares to acquire 6.09% equity stake post-merger, and ₹400 million rupees in a preferential issue of stock guarantees.

Vedanta: The company has pledged its full stake in the subsidiary Hindustan Zinc Ltd (HZL) to help finance its proposed delisting from the stock exchanges. The transaction includes around 2,100 million shares as a non-disposal commitment and 6,260 million shares in pledge.

Adani Group companies: Adani Australia was ordered to pay $ 106.8 million to four coal companies for a contractual dispute related to terminal access and handling charges for the Indian business group’s Abbot Point coal terminal in North Queensland, local media reported.

GAIL India: The state-owned company is considering the expansion of petrochemicals, specialty chemicals and renewable energies to complement growth in its core business of natural gas trading and transportation, Chairman Manoj Jain said.

HCL Technologies: The company’s US subsidiary is facing a patent infringement lawsuit related to one of its software products, according to The Economic Times. HCL America must respond to the lawsuit filed by a Texas-based company, Coretek Licensing, before September 28.

PVR: Although the Center has allowed open-air theaters to resume operations as of September 21 as part of the Unlock 4.0 guidelines, movie theaters, entertainment parks and similar venues will remain closed.

Leisure inox: The company reportedly decided to invest in open-air cinemas that are likely to appear in late 2020 or early 2021, but the immediate pain continues as traditional theaters remain closed for now under government Unlock 4.0 guidelines.

Indiabulls Ventures: The company will rise ₹588 million rupees (or $ 80 million) through a preferential sale of shares to a group of investors led by American fintech investor Ribbit Capital.

Jet Airways: Yes Bank has started the process to categorize Naresh Goyal, the airline’s founder, and his wife Anita as “intentional defaulters.” Goyal likely told Sí that he is not involved in the loans, sources told The Economic Times.