Reliance Industries (RIL): Reliance Industries said Wednesday that private equity player KKR will invest Rs 5.55 billion in Reliance Retail Ventures (RRVL), a subsidiary. KKR’s investment will result in a 1.28 percent equity stake in RRVL on a fully diluted basis, the company said.
Idea from Vodafone, Bharti Airtel: Large telcos Vodafone Idea and Bharti Airtel will be in the spotlight when rival Jio unveils new postpaid rate plans.
State Bank of India: State Bank of India plans to monetize its flagship digital banking platform, YONO, by allowing smaller lenders, such as small financial banks and regional rural banks, to use it, said President Rajnish Kumar.
Tata Group shares: Shapoorji Pallonji (SP) Group said on Tuesday that it is time to part ways with Tata Group, adding that it is crucial that an early resolution be reached to reach a fair and equitable solution, reflecting the value of the underlying tangible and intangible assets.
MCX: The nation’s largest commodities exchange, MCX, announced on Tuesday the formal launch of its base metal futures indices starting October 19. The new indices will begin trading on October 19, which will be called MCX’s iComdex base metals index futures, the exchange said in a statement.
PFC: State non-bank finance company Power Finance Corporation (PFC) on Tuesday dismissed speculation about launching a follow-up public offering (FPO) to raise funds in the near future.
HCC: Infrastructure firm HCC Group said on Tuesday that it completed the sale of Farakka-Raiganj Highways Ltd (FRHL) to Cube Highways and Infrastructure II Pte, at an enterprise value of Rs 1,508 crore.
HDFC Life – The insurance company said it has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s clients. HDFC Life and Yes Bank Limited have entered into a corporate agency agreement (CA), it said in a statement.
InterGlobe Aviation: Budget airline IndiGo operated its first cargo flight to Chittagong in Bangladesh, carrying medical supplies and other general commodities, a statement said Tuesday. The cargo flight to Chittagong was operated on Monday using the airline’s Airbus A320 passenger jet, it said.
Max Financial Services: Max Ventures Investment Holdings sold 20.80,000 Max Financial Services shares at Rs 600.07 per share. It had a 28.15% stake in the company at the end of June.
Indian Oil Corp: Indian Oil Corporation (IOC), the country’s leading oil company, said on Tuesday that it will invest 17,825 crore to increase the capacity of its Gujarat refinery and establish a petrochemical plant in the unit as part of plans to expand the business. petrochemical to protect margins
Care Ratings, Icra: Markets regulator Sebi on Tuesday increased the amount of the fine to Rs 1 crore each at rating agencies Icra and Care in connection with their parties’ lapses in assigning credit rating to IL&FS non-convertible bonds. The crisis at the diversified IL&FS, whose board of directors was replaced by the government, came to light in September 2018 and, since then, both the company and related entities have been subjected to the regulatory lens.
Power Finance Corp: State non-bank finance company Power Finance Corporation (PFC) on Tuesday dismissed speculation about launching a follow-up public offering (FPO) to raise funds in the near future.
Hindustan Zinc: Vedanta Group’s Hindustan Zinc firm said Tuesday that its board-constituted panel approved raising up to 4 billion rupees through bonds.
Blue dart: Logistics service provider Blue Dart announced Tuesday a 9.6 percent increase in its average shipping price from January next year to offset higher costs.
Repco Home Finance: Fidelity Funds Asian Smaller Companies Pool purchased 4.20,288 shares of Repco Home Finance at Rs 150.33 per share. The fund already had a 1.52% stake in the company.
Bajaj Electricals: The promoter Baroda Industries bought 3.24,000 shares of Bajaj Electricals from co-promoter Kiran Shekharkumar Bajaj at Rs 462.90 per share. The two had a 0.86 percent and a 5.20 percent stake in the company at the end of June.
CreditAccess Grameen: The company will detail its financial results for four months ended July 31.
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