According to an exchange filing, Reliance Industries has invested Rs 7,42,87,000 ($1,000,000) in cash into a newly formed wholly-owned subsidiary called “Reliance International Limited” (RINL) in Abu Dhabi Global Market, United Arab Emirates. Moneycontrol is owned by Network18. Reliance Industries owns 100% of Independent Media Trust, which owns Network18.
ZEEE Entertainment Enterprise has petitioned the Bombay High Court, claiming that the demand for an extraordinary general meeting (EGM) made by its two largest shareholders, Invesco and OFI Global China Fund, is unconstitutional.
India Glycols
WHV-EAM International Small Cap Equity Fund purchased 1,86,947 shares of the NSE-listed company on the NSE for Rs 830.22 each. While resolving the Rating Watch Positive, India Ratings & Research upgraded the company’s long-term issuer ratings from ‘A-/Stable’ to ‘A/Stable’ (RWP).
Yes Bank
Loan and advance growth was 3.6 percent year over year, and 5.7 percent quarter over quarter. Deposits increased by 30.1 percent in the last year and 8.2 percent in the last three months (QoQ). CASA increased by 54.3 percent in the most recent year-over-year comparisons (QoQ).
According to bulk deal data, a total of 5,97,482 equity shares in the company were sold on the NSE for Rs 990.01 per share.
Biocon introduced Everolimus tablets, which are used to treat certain types of cancer and tumours, in the United States. 12.50 MW solar power plant under the CPP category for Rs 39 crore with Anupam Rasayan India | The company has signed an O&M Agreement and a Land Lease Agreement with KPI Global Infrastructure for a period of 25 years.
Laxman Karda
the promoter of Karda Constructions, sold 1.46 percent of his stake in the company during open market transactions on September 29-30, reducing his ownership to 47.53 percent from 48.99 percent previously.
NEOTREX STEEL
JSW STEEL acquired 80 percent of Neotrex Steel’s issued and paid-up equity share capital and zero coupon CCDS.
Tech Mahindra
The acquisition of Beris Consulting GmbH’s entire equity stake was approved by Tech Mahindra GmbH, the company’s wholly owned subsidiary.
Dalmia Bharat Sugar and Industries’
Long-term rating was upgraded from AA- to AA, and its short-term rating was reaffirmed at A1+. Dalmia Bharat Sugar and Industries Pvt. Ltd. The long-term rating outlook is stable.
The company sold a 26 percent stake to the minority partners of HCG Sun Hospitals
Shiv-Sun Medical Services LLP as part of a Deed of Retirement with Shiv–Sun and HCG Sun Hospitals LLP. Health Care Global (Africa) has become a wholly-owned subsidiary of parent company HCG (Mauritius) after the latter purchased Preferred B Shares worth $554,600 totaling 86,568 from CDC Group PLC.
Commercial production of Marwar Cement began in 2011 at Ambuja Cements’ Nagaur plant in Rajasthan’s Nagaur district.
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