Zomato, TVS Motors, Bandhan Bank, Gland Pharma, Inox Green, IDFC | Tech Reddy

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Representative image.

Business Notices:

KPI Green Energy:

Board meeting to consider the proposal to issue bonus shares

Dreamfolks

Lock-up period ends for anchor investors; increase lock-in at 7% equity

Zomato

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%.

TVS Cars (From PTI)

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

Biocon

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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