Indian Market

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

/ Indian Market

Dabur India is all set to establish its first-ever manufacturing facility in South India, with a total investment of ₹400 crore over the next five years. It has signed a memorandum of understanding with the state government of Tamil Nadu, mentioning an initial investment of ₹135 crore in Phase 1 itself. The new facility, located […]

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs Read More »

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

/ Indian Market

On August 22, a good block deal was seen in Eris Lifesciences, wherein about 98.9 lakh shares, or 7.27 per cent of the company’s equity changed hands at ₹1,201 per share. The deal value was ₹1,187 crore. The identities of the buyers and sellers who were parties to the block deal could not be ascertained

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal Read More »

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

/ Indian Market

It was followed by a major block deal of ₹3,184.50 crore executed on Kalyan Jewellers, probably Highdell Investment selling part stake to the company promoter Trikkur Sitarama Iyer Kalyanaraman on August 22. This came to around 5.90 crore shares, or 5.7% of the company, changing hands at a floor price of ₹539 a share. Though

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter Read More »

Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment

/ Indian Market

Zomato, the online food delivery giant, is planning to acquire Paytm’s entertainment ticketing business for ₹2,048 crore, according to a joint announcement made by the two companies on Wednesday. This proposed acquisition aims to strengthen Zomato’s “going-out” segment while allowing Paytm to focus more sharply on its core payments and financial services operations. The proposed

Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment Read More »

ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation

ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation

/ Indian Market

ICICI Securities has agreed to pay ₹69.8 lakh to settle allegations of violating Public Issue Regulations and Merchant Banker Regulations. The settlement comes after the Securities and Exchange Board of India (SEBI) issued a showcause notice to the merchant banker, citing various lapses, including inadequate due diligence and contradictory statements in a Draft Red Herring

ICICI Securities Pays ₹69.8 Lakh to Settle Merchant Banker Regulations Violation Read More »

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake

/ Indian Market

Shares of PNB Housing Finance jumped over 6% in early trading on August 21, following a significant block deal where 1.39 crore shares, equivalent to a 5% stake in the company, were traded. The likely seller is General Atlantic Singapore Fund, a private equity investor. Although the exact parties to the transaction were not immediately

PNB Housing Surges 6% as General Atlantic Singapore Likely Sells 5% Stake Read More »

US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru

/ Indian Market

US-based energy giant Chevron announced a huge USD 1 bn investment in Bengaluru for setting up a new technology center on August 20. Christened Chevron Engineering and Innovation Excellence Center, or ENGINE, this facility is going to prove critical to the group’s global operations and projects. Chevron plans to employ about 600 people by the

US-based Chevron to Invest $1 Billion in New Tech Center in Bengaluru Read More »

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share

/ Indian Market

On August 20, IT services company Cyient announced that its board has approved the sale of a 14.5% stake in its subsidiary, Cyient DLM, through a block deal. The floor price for the sale is expected to be set at Rs 748.65 per share, reflecting a nearly 5% discount compared to the Rs 788.05 per

Cyient to Sell 14.5% Stake in Subsidiary Cyient DLM via Block Deal, Floor Price Likely at Rs 748.65 per Share Read More »

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore

/ Indian Market

Tech Mahindra’s shares saw an increase of over 2% on August 20 after the company’s management approved the sale of a 103-acre land parcel in Hyderabad to Mahindra University. The deal, valued at Rs 535 crore, includes land and buildings with a total built-up area of approximately 1.26 million square feet spread over 17 buildings

Tech Mahindra Shares Rise as Company Sells 103-Acre Land in Hyderabad to Mahindra University for Rs 535 Crore Read More »

Scroll to Top