Hero Motocorp: The country’s largest two-wheeler maker said it will increase the price of its entire model range by up to Rs 3,000 from next week in order to partially offset the impact of rising input costs.
IndusInd Bank: UBS Principal Capital Asia Ltd sold
shares worth nearly Rs 354 crore through an open market transaction. Data with the BSE showed that over 33.91 lakh shares were offloaded at an average price of Rs 1,034.5 apiece. This took the total transaction value to Rs 353.89 crore.
Bharti : Telecom dispute appellate body TDSAT on Thursday stayed the telecom department’s demand of Rs 1,376 crore from Bharti Airtel in unpaid past dues that defunct telco Videocon Telecommunications owed.
Kotak Mahindra Bank: The private lender announced the acquisition of German carmaker Volkswagen’s captive vehicle finance business for an undisclosed sum.
Coal India: The state-owned miner has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end, so that the electricity production does not suffer during summmer and monsoon seasons.
JSW Steel: The metal procucer said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market. said it has become the first company in the steel sector globally to issue a USD-denominated Sustainability Linked Bonds (SLBs).
Hindustan Copper: The government’s up to 10 per cent stake sale in Hindustan Copper got off to a good start with institutional investors putting in bids of over Rs 700 crore. The issue will open for retailers on Friday.
Yes Bank: White Oak Capital group said its subsidiary GPL Finance and Investments has received capital markets regulator Sebi’s approval to acquire Yes Asset Management from the current sponsor, Yes Bank.
Zee Entertainment Enterprise: The media major backed its two independent directors Ashok Kurien and Manish Chokhani, who had resigned this week after two of its largest shareholders sought their removal.
Biocon: The pharma player’s subsidiary, Biocon Biologics, said it will offer around 15 per cent stake to Serum Institute Life Sciences at a post-money valuation of about USD 4.9 billion. Serum Institute Life Sciences (SILS) is a subsidiary of Serum Institute of India (SII).
Bank of Baroda: The state-owned lender rolled out a slew of festive offers for its retail borrowers. The lender is offering a waiver of 0.25 per cent in the existing applicable rates for Baroda Home Loans and Baroda Car Loans.
TVS Motor Company: The auto player said it has bought a majority stake in Switzerland-based e-bike brand EGO Movement for 16.6 million Swiss francs (around Rs 131 crore) to foray into the personal e-mobility segment.
Saregama India: RP Sanjiv Goenka group’s music company announced a plan to raise funds up to Rs 750 crore. The funds would be raised through an additional issue of securities via options like private placement, preferential issue, public issue, or through qualified institutional placement.
JM Financial: The financial firm said its subsidiary JM Financial Products Ltd plans to raise up to Rs 500 crore through public issue of bonds.
Poonawalla Fincorp: The NBFC’s Managing Director Abhay Bhutada stepped down from the company after being barred from the securities markets by regulator Sebi for alleged insider trading. Bhutada has resigned from the board with effect from September 16, 2021.
Aptech: The vocational training company said it is investing Rs 17 crore in foraying into an Edtech initiative, which will help students acquire skills online.
Lincoln Pharmaceuticals: The drug firm said the National Company Law Tribunal, Ahmedabad Bench, has approved the scheme of amalgamation of Lincoln Parenteral Ltd and the company.
and Fertilizers: The chemical player has appointed Shubhabrata Saha as its Managing Director for five years.
