Adani Green: The company is in advanced discussions to acquire a 250 MW Hero Future Energies (HFE) solar power project located in Jodhpur, Rajasthan, said two people aware of the development.
SBI, PNB: Nine banks and two non-bank lenders, including the State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB), are coming together to jointly invest Rs 7,000 crore of initial capital in a proposed bad bank that aims to help extract funds stuck in bad loans
Puravankara: Realty firm Puravankara has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore, as it seeks to tap the rising demand of plots.
Adani Transmission: Adani Transmission and Adani Green Energy announced release of pledge on equity shares by their promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust. The promoter family trust holds 24.58 per cent in Adani Green and 56.48 per cent in Adani Transmission.
Tata Motors: Tata Motors-owned Jaguar Land Rover(JLR) is open to the idea of a strategic partner for Jaguar after having decided to convert the iconic brand into an ‘electric only’range by 2025. This is aimed at both reducing the time to market and building economies of scale.
RIL: Reliance Strategic Business Ventures, a subsidiary of Reliance Industries, on Sunday announced it has raised its shareholding in investee company skyTran Inc to 54.46 per cent, acquiring additional equity stake for consideration of $26.76 million (Rs 196.9 crore).
Adani Ports and Special Economic Zone: APSEZ said its promoters Gautam S Adani and Rajesh Adani on behalf of SB Adani Family Trust have released pledge on 3.21 crore equity shares held in the company. The promoter family trust holds 39.34 per cent in APSEZ.
DLF: Realty firm
plans to raise up to Rs 395 crore through issue of debentures. In a regulatory filing, the company informed that the proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors.
IOC: State-owned
(IOC) said it will invest Rs 32,946 crore to expand its oil refinery at Panipat in Haryana to 25 million tonnes per annum capacity and set up chemical units.
Axis Bank: Axis Bank said its board has approved a proposal to reclassify United India Insurance Company Ltd (UIICL) as a public shareholder category investor in the bank from promoter category.
Bank of Maharashtra: The Reserve Bank of India said it has imposed a monetary penalty of Rs 2 crore on Bank of Maharashtra for non-compliance with certain direction on fraud classification and reporting.
Vedanta: Parent Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest, banking sources said on Friday.
InterGlobe Aviation: Budget carrier IndiGo on Saturday said that all its domestic flights having subset series 6E 5500 – 6E 5900 will be operated from Terminal-1 of the city airport here, starting March 10.
Maruti Suzuki: The country’s largest carmaker
(MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports.
Equitas Holdings: UK’s development finance institution CDC Group has pruned its stake in Equitas Holdings Ltd by 2.61 per cent through sale of over 89 lakh shares in open market earlier this week, according to a regulatory filing.
Auto stocks: Vehicle makers will publish February sales data. Emkay Global expects passenger vehicle (PV) industry growth at 15 per cent. In case of two wheelers, it expects to see a mixed bag.
