Nifty futures on the Singapore Exchange were trading 95.5 points, or 0.52 per cent, higher at 18,345.5, indicating that Dalal Street was headed for a positive start on Thursday.
Sula Vineyards: Shares of Sula Vineyards are expected to debut on the exchanges today. The BSE notice said that the listing of shares of Sula Vineyards will take place in the special pre-open session on Thursday morning. The three-day initial public offering (IPO) of Sula Vineyards was subscribed 2.33 times till the last day of the offering. Bids were received for 4,38,36,912 shares against 1,88,30,372 shares on offer for the initial share sale for Rs 960 crore. The company had fixed a price band of Rs 340-357 per share.
Reliance Industries: Reliance Industries Limited will acquire the wholesale operations of Germany firm Metro AG India The group, run by billionaire Mukesh Ambani for Rs 2,850 crore, is looking to consolidate its dominant position in India’s vast retail sector. Metro India started operations in India in 2003 as the first company to introduce cash-and-carry business format in the country and currently operates 31 large format stores across 21 cities with approximately 3,500 employees.
One97 Communications: Paytm Chief Executive Officer (CEO) Vijay Shekhar Sharma said, “Going forward, there will be no more cash consumption in the business. occupation Standard BFSI Insight Summit 2022 in Mumbai on Wednesday. “It has been decided last month that this (cash burn) will not continue,” Sharma said. Will turn free cash flow positive over the next 12-18 months.
Adani Enterprises: Adani Solar on Wednesday said it has started manufacturing large size monocrystalline silicon ingots in India. The monocrystalline ingots will give a boost to indigenization to produce renewable electricity from silicon-based PV (photovoltaic) modules with an efficiency ranging from 21 per cent to 24 per cent, the company said in a statement. Adani Solar is the solar photovoltaic manufacturing and research arm of the Adani Group.
Kalpataru Power Transmission: Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the largest listed engineering and construction companies in the country. has become one. The combined entity will have a significant presence in India and projects in 67 countries, offering in diverse sectors of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure.
Bandhan Bank: Bandhan Bank on Wednesday announced receiving bids of ₹801 crore from an asset reconstruction company (ARC) for a write-off portfolio of ₹8,897 crore. The Bank will bid as per the Swiss Challenge method. The decision comes after the board of directors approved the transfer of the group’s loan and SBAL write-off portfolio to ARC. Although the name of ARC has not been disclosed yet. Bandhan Bank said it would bid under the Swiss challenge method.
Zee Entertainment: Five years after Zee exited the sports broadcasting business Entertainment Enterprises Limited (ZEE) is set to make a comeback with International League T20 (ILT20), an IPL-style cricket league created by Emirates. Cricket Board (ECB). In May, ZEE signed a 10-year deal with ECB for the global media rights—TV and digital—of ILT20 for a reported $100 million or over ₹800 crore. ZEE Business President Rahul Johri said in an interview that the new league is the perfect vehicle to re-enter sports broadcasting.
Max Financial Services: Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday sold 58.85 lakh shares in the company for Rs 400 crore through an open market transaction. According to the wholesale deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 58,85,000 shares (1.7 per cent) of Max Financial Services.
India Grid Trust/GR Infraprojects: Infrastructure investment trust India Grid Trust and GR Infraprojects on Wednesday announced a strategic partnership to bid for identified power transmission projects worth Rs 5,000 crore. It said an MoU has been signed for jointly bidding for tariff based competitive bidding transmission projects worth about Rs 5,000 crore. Additionally, to kick start the partnership, IndiGrid and GRIL have entered into a framework agreement to acquire 100% stake in Rajgarh Transmission Limited, which GRIL won in March.
Lupine: Pharmaceuticals firm Lupine Ltd on Wednesday said it has received approval from the US health regulator for a generic version of Brivaracetam tablets used for the control of partial onset seizures. The approval by the US Food and Drug Administration (USFDA) is for brivracetam tablets in strengths of 10 mg, 25 mg, 50 mg, 75 mg and 100 mg, the company said in a regulatory filing. These are the generic equivalents of Briviact Tablets, 10 mg, 25 mg, 50 mg, 75 mg and 100 mg from UCB Inc.
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