Vedanta Ltd on Friday said it has been declared as a preferred bidder for Bicholim mineral block in Goa. The iron ore mines has resources of 84.92 million tonnes. "The company has been declared as 'preferred bidder' in respect of e-auction of Block I - Bicholim Mineral Block based on highest final price offer of [...]
Axiscades Technologies Ltd on Friday announced the completion of of acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased manner for Rs 296 crore. MSPL is a leader in semiconductor, embedded electronics, defence and product engineering capabilities, the company [...]
Gandhar Oil Refinery (India) Limited has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 357 crore and an offer for sale (OFS) of 1.2 crore by promoters and existing shareholders, according to the draf red [...]
Tata Power on Friday said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement. TPKL is a 100 per cent subsidiary [...]
Honda Cars India (HCIL) on Friday said it has tied up with Indian Bank to provide vehicle finance for its customers. The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process, the company said in a statement. The customers can avail financing benefits across over 5,700 branches of [...]
Shares of automobile dealership chain Landmark Cars made a weak market debut on Friday, listing nearly 7 per cent lower against the issue price of Rs 506. The stock listed at Rs 471.30, a discount of 6.85 per cent on the BSE. It further dipped 11.76 per cent to Rs 446.45. At the NSE, the [...]
Realty firm Mahindra Lifespace Developers Ltd has completed the acquisition of a 9.24-acre land parcel in Mumbai from Mahindra & Mahindra Ltd for Rs 365 crore. In February this year, Mahindra Lifespace had announced that it would purchase the land in Kandivali, Mumbai from Mahindra & Mahindra Ltd for the development of a housing project. [...]
Shares of Abans Holdings, the financial services arm of the Abans Group, made a muted market debut on Friday, listing over 1 per cent higher on the NSE, against the issue price of Rs 270. The stock listed at par with the issue price of Rs 270 on the BSE. It later hit a high [...]
Insurance behemoth Life Insurance Corporation of India (LIC) on Thursday said its shareholding in online company Info Edge has crossed 5 per cent with an additional investment of over Rs 12 crore. Its shareholding in Info Edge (India) Ltd has increased from 64,43,921 to 64,69,921 equity shares, or from 4.988 per cent to 5.008 per [...]
Debt-ridden Future Enterprises Ltd (FEL) on Thursday said it has defaulted on interest payment of Rs 86.18 lakh for its non-convertible debentures. The due date for payment was December 21, 2022, it said in a regulatory filing. "The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures... due on [...]
