Dependency Industries: India’s antitrust body will examine the online and offline aspects of the Reliance-Future Group deal, separately and together, to determine its effect on competition, according to an official. Reliance Retail Ventures, a unit of Reliance Industries Ltd., sought approval from the Competition Commission of India on Monday for its acquisition of Rs 24.713 crore of Future Group’s online and offline businesses, which includes retail operations. , wholesalers, logistics and warehousing.
Mahindra Technology: The IT services chief said that its subsidiary has sold its stake in Altiostar Networks for $ 45 million (approximately Rs 331 crore) to Rakuten USA, Inc.
HDFC: The mortgage lender Housing Development Finance Corporation (HDFC) said it will raise up to Rs.5 billion by issuing bonds on a private placement basis. The issue size for guaranteed exchangeable non-convertible bonds (NCDs) will be Rs 2,500 million with the option to retain the subscription in excess of up to Rs 2,500 million.
Tata Motors DVR, Tata Chemicals: Promoter Tata Sons amassed 22,10,425 Tata Chemicals shares at Rs 287.58 per share, and 37,63,292 Tata Motors DVR at RS 59.83 each. At the end of June, Tata Sons owned 28.51% and 5.26% of these securities.
Bharti Airtel: Waybeo Technology Solutions said that telecommunications giant Bharti Airtel has acquired a 10 percent stake in the company with a focus on deep analysis of artificial intelligence for cloud telephony.
Mahindra CIE Automotive: The mid-cap fund of Aditya Birla Sun Life Mutual Fund and the small and mid-cap fund sold 43.66,321 shares and 32.83,893 shares, respectively, of Mahindra CIE Automotive at 140 rupees per share, while International Holdings Autometal Dos SL from Spain bought 79.30,000 shares of the company at Rs 139.99 per share. The Spanish firm already held 58.02 percent of the company’s shares at the end of June.
Larsen & Toubro (L&T), IRCON: Seven major infrastructure companies, including Larsen and Toubro, Tata Projects, Afcons Infrastructure Limited and IRCON International Limited, are in the race to build the Mumba-Ahmedabad high-speed rail corridor.
Coal India: Coal India, the world’s largest miner, has finalized contracts for heavy earthmoving equipment worth more than Rs 5.9 billion to boost production, its chairman Pramod Agrawal said on Wednesday.
CreditAccess Grameen: Non-bank finance company CreditAccess Grameen announced on Wednesday that it would raise 100 million rupees by privately issuing bonds. The company also said that its consolidated net profit was Rs 121.24 crore in four months to July, while independently, the company earned Rs 109.39 crore as profit.
Satin CreditCare: The Dutch development bank Nederlandse Financierings – Maatschappij Voor Ontwikkelingslanden NV (FMO) bought 14,24,030 shares of Satin CreditCare Network from SBI Emerging Asia Financial Sector Fund Pte Ltd at 56.10 rupees per share, which owned 6.37% of participation in the company at the end of June.
DLF: Realty Major DLF said its CEO and full-time director, Mohit Gujral, has expressed a desire to retire, which has been accepted by the board.
Aptech: Wall Street Capital Markets sold 2.50,000 shares of Aptech backed by Rakesh Jhunjhunwala at 114.05 rupees per share, while Kifs Commercial bought 2.49,116 shares of the company at the same price.
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