AMC HDFC: The media reports that foreign promoter Standard Life Investments is likely to sell 1.06 crore of shares (5 percent stake) in HDFC Asset Management Company via an open market transaction on September 29. It should be remembered that LIC Of India had acquired 1.24 lakh of shares. company shares through an open market transaction on Sept. 24, increasing the stake to 5.007 percent from 4.949 percent earlier.
Maximum health: Reports suggest US private equity major KKR is selling a 6.5% stake in Max Healthcare Institute Ltd, worth Rs 2,220 crore, in a bulk deal. The subsidiary of KKR Kayak Investments Holdings Pte Ltd sells approximately 6.347 crore shares or 6.57% of Max Healthcare at an indicative price range of 350 to 369.7 each, a discount of more than 5% from the closing price from 368.10.
Gujarat Gas / Adani Gas: State-owned gas distributor Gujarat Gas Ltd has won a Supreme Court legal battle to secure distribution rights for the outer region of Ahmedabad, the company said in a regulatory filing on September 28. for the licensed distribution of gas to Ahmedabad Rural.
Interglobe Aviation: American Airlines is opening new doors across India this fall with a new codeshare agreement with IndiGo. The deal, announced on Tuesday, will place American’s code on 29 of IndiGo’s domestic routes in India, providing a convenient option for American Airlines customers arriving on the carrier‘s new flights to Bengaluru (BLR) and Delhi ( DEL), India. Codeshare, which will require approval from the U.S. and Indian governments, is expected to begin in October, as American launches a new service between New York (JFK) and DEL on October 31 and between Seattle (SEA) and BLR on October 4. January 2022..
Newgen / TCS software: Newgen Software, a global low-code digital transformation platform provider, has partnered with Tata Consultancy Services (TCS) – a leading global IT services, consulting and business solutions organization – to deploy a repository of enterprise-wide content and a multi-channel system, multilingual communications suite for the Banking Service Bureau (BSB) in Israel
Shreyas Shipping and Logistics Limited has signed a memorandum of understanding (MOA) for the acquisition of a 35,152 DWT bulk carrier and it will be delivered between before the end of November.
Global KPI Infrastructure has successfully commissioned a 600 KW (AC) / 693 KW (DC) solar power plant for NJ Textile Industries Pvt. Ltd., Surat in the category of captive power producers.
Exports in orbit completed the establishment of the Process / Dyeing House located at GIDC, Sarigam Industrial Estate, Valsad, Gujarat. The land was acquired in August 2020 and operations started from September 28. The company had also completed the installation of waterjet looms on industrial land in Fairdeal Textile Park, Mangrol, Surat which was acquired in February. The factory also started operations from September 28.
Ganesh Benzoplast: A meeting of the company’s board of directors is scheduled for October 4 to review and approve the labor agreement and other conditions for the conduct of chemical activities between the parent company – Ganesh Benzoplast Limited and its wholly-owned subsidiary ( 100% subsidiary) GBL Chemical Limited, without transferring any real estate owned by the company, as approved by the members at the annual general meeting of the company held on September 27, 2021.
IMP Powers Limited has submitted a resolution plan to its lenders for the restructuring of its credit facilities in accordance with RBI guidelines. The same is being discussed with the lenders. The Company is confident in the success of its debt restructuring and will announce the outcome.
Atul Auto informed the stock exchange that commercial production in Bhayla, at the Ahmedabad plant of the three-wheeled automobile manufacturing company, began on September 27.
Compucom software won a tender and received a letter of acceptance for construction and other construction work from the Building and Other Construction Worker Welfare Board (BOCW), Rajasthan Department of Labor for a period of 12 months , valued at 6.07 crore.
Gallantt metal: Considering the economy unsustainable, the board of directors of Gallantt Metal Ltd approved the proposal to sell the 106 acres (approximately) of land located in Village – Halavarthi, Koppal, Karnataka which was acquired to set up a factory for steel fabrication.