Adani Power: The company has made a Rs 2,600-crore offer to acquire Essar Power MP under the Insolvency and Bankruptcy Code (IBC) rules, according to multiple sources.
Mphasis: Negotiations between Blackstone Group and Carlyle for the biggest technology takeover in India have hit a bump as Mphasis share price continues to soar, people involved in the matter said.
PVR: Multiplex major
plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal. The company’s target of having 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the end of fiscal 2022-23, a top company official has said.
Muthoot Finance: M G George Muthoot, largely credited for making the
a pan-India and the largest gold loan NBFC, passed away on Friday evening in a freak incidence of falling from the fourth floor of his house.
IndiGrid: Investment trust inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs 4,625 crore. The completion of acquisition would depend upon receipt of unitholders’ consent, regulatory and other relevant approvals, it said.
Sayaji Hotels: The company said it has inked agreements for seven new properties across various states, including Gujarat and Rajasthan. Management, a wholly-owned subsidiary of the company, has signed seven management agreements to have new properties in Vizag, Bhuj, Dehradun, Udaipur, Jamnagar, Nashik and Morbi.
NTPC: The company has restored power supply to Sikkim after the state’s assurance of paying the outstanding amount of Rs 89-crore in a time-bound manner, a company official said on Sunday.
Cipla: Drug major
on Saturday said it has voluntarily liquidated a wholly-owned step-down subsidiary. This liquidation was a part of internal reorganisation and it will not affect performance or revenue of the company, Cipla said in a BSE filing.
NMDC: Country’s largest iron ore miner
has left the price of lump ore unchanged at Rs 5,100 per tonne and Rs 4,210 per tonne for fines in its latest price revision announced on Saturday.
ICICI Lombard: ICICI Lombard General Insurance has approved an interim dividend of Rs 4 per share for the current fiscal in the midst of a pandemic year as also the sectoral regulator asking insurers to take a conscious call on dividends due to pandemic-induced economic stress.
Reliance Home Finance: The company said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order.
DHFL: The NBFC said its administrator has filed additional affidavits in the NCLT Mumbai in connection with fraud amounting to over Rs 1,424 crore.
