Adani Ports and SEZ: The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.
FRL: The Securities Appellate Tribunal (SAT) has stayed an order passed by market regulator SEBI that had banned Future Retail Chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
L&T Finance Holdings: The NBFC said it has closed its rights issue and has raised over Rs 2,998 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release.
Nestle India: FMCG major
reported a 2.25 per cent rise in net profit to Rs 483.31 crore for the fourth quarter ended December. The company, which follows the January-December financial year, had posted a profit of Rs 472.64 crore in the same period a year ago, Nestle said in a BSE filing.
IndusInd Bank: Induslnd International Holdings, one of the bank’s promoters confirmed having completed its capital-raising through rights issue which was oversubscribed by their shareholders. IIHL raised capital at an
premium of 1400 per cent towards the subscription of this rights issue.
APL Apollo Tubes: APL Infrastructure offloaded 30 lakh shares of
worth a little over Rs 289 crore through an open market transaction. According to the company’s latest shareholding pattern, APL Infrastructure held 34.86 per cent stake in APL Apollo Tubes as a promoter.
TVS
Srichakra: The company signed an MoU with Tamil Nadu government for a planned capex program, Reuters reported.
TechM: IBM and
said they are deepening their collaboration, especially in areas like 5G, hybrid cloud, automation and cybersecurity, as the two tech giants work towards building a billion dollar ecosystem over the next three years.
ICICI Bank:
said it will buy stakes in two fintech companies — CityCash and Thillais Analytical Solutions — for a total cash consideration of Rs 6.03 crore.
Infosys: A US-based subsidiary of Infosys BPM, Infosys McCamish Systems, said it has bought the business and underwriting platform from STEP Solutions Group LLC.
Tata Group stocks: The Tata group is acquiring 68 per cent stake in online grocery platform BigBasket for around Rs 9,500 crore as it bids to expand in the fast growing e-commerce space in India, according to sources.
Indian Bank: State-owned
said it has completed IT integration of all the branches of erstwhile Allahabad Bank with itself.
Axis Bank: The bank and its promoter United India Insurance Company have settled with regulator Sebi cases of alleged disclosure lapses and have paid more than Rs 51.5 lakh as total settlement amount.
Tata Communications: The company announced partnership with Google Cloud to drive cloud adoption and transform Indian businesses. The partnership will enable organisations to deploy and access Google Cloud services through
‘ IZO managed cloud.
IPO update
RailTel: The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday. The Rs 819.24-crore offer received bids for 16,13,74,220 shares as against 6,11,95,923 shares on offer, as per an update on the NSE.
Nureca: The initial public offer of Nureca Limited, which is into the business of home healthcare and wellness products, was subscribed 14.77 times on the second day of subscription on Tuesday. The Rs 100 crore-public issue received bids for 2,07,03,200 shares against 14,01,595 shares on offer, as per data available with the NSE.
