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Business Notices:
Board meeting to consider the proposal to issue bonus shares
Dreamfolks
Lock-up period ends for anchor investors; increase lock-in at 7% equity
Alibaba to Sell 200 mm of Zomato Shares in Block Deal Tomorrow
Alibaba to sell ~3.5% stake in co
It’s likely to offer a 5-6% discount on today’s close price
Post deal Alibaba is likely to hold 10%.
Launched in 2023 Special Edition of its motorcycle 160 4V Apache RTR
The 2023 TVS Apache RTR 160 4V Special Edition in pearl white is priced at Rs 1.30 lakh (ex-showroom Delhi) and is available at its dealerships across the country.
Bandhan Bank (From ET Now Sources)
Bandhan Financial gets Sebi nod to take over IDFC AMC
The RBI gave the go-ahead for the deal last month
Bandhan Financial Holdings, GIC and ChrysCapital bought 100% stake for Rs 4,500 crore
VST Tillers
showcased the newly launched VST 929DI EGT compact tractor at Krishthon 2022, India’s Premier Agriculture Trade Fair in Nashik and showcased its other models such as the 932 & MT1800
KIMS
made an additional investment by acquiring an additional equity of 7.79% in Arunodaya Hospitals Private Limited, a subsidiary on November 28, 2022
The company now holds 65.62% of the total paid up Equity
Shares received `370 per share
It is a multi-specialty hospital with a bed capacity of 200 patients. This hospital is strategically located to serve patients in Srikakulam (AP) and the neighboring state of Odisha.
30.7cr change in FY22
Gland Pharma
Purchase of Cenexi
Cenexi is mainly involved in the CDMO business of pharmaceutical products and expertise in sterile liquids and finished pharmaceuticals, including expertise in oncology products.
Consolidated revenue is Euro 184.1 million for the year CY2021
100% equity interest in Cenexi and Cenexi Holding Entities is EUR120,000,000
BLS International
The recording date of the 1:1 Bonus will be 10 Dec
Completes Acquisition of Viatris’ Global Biosimilars Business
Viatris Sees FY Rev Lower About $80M With Biocon Deal Close
Viatris sees FY adj. EBITDA is impacted by approximately $20 million from the closing of the Biocon Biologics transaction.
The results of Viatris FY will be affected by biosimilars closely related
Inox Green
The Inox GFL Group is embarking on a strategic initiative to reduce the Air Industry
Inox Green paid `250 kr to reduce its debts
Inox Wind paid 161 kr in debt reduction
Further deleveraging of both companies is underway
IDFC
SEBI approval of changes in management of IDFC MF
Adani Group (Agents)
Adani Properties has acquired the rights to redevelop Asia’s largest slum in Dharavi
Adani Group won the project at a cost of Rs 5,069 crore
Besides Adani Group, DLF and Naman Group have also submitted bids
Air India-Vistara Merger
Tata Group merged Air India with Vistara
Singapore Airlines will invest `2,059 cr in Air India as part of the merger
SIA, Tata will complete the merger by March 2024, subject to approval
SIA to invest $250 million in Air India as part of the deal
SIA’s consideration for the merger of 25.1% equity in Air India increased.
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