Ruchi Soya Industries
The board has approved an issue price at Rs 650 per equity share for its follow-on public offer
Future Retail CEO Sadashiv Nayak has resigned with effect from March 31, 2022.
HDFC Asset Management Company
Life Insurance Corporation of India acquired 2.02 percent stake in the company through open market transactions. With this, its shareholding in the company stands at 7.02 percent, up from 5 percent earlier.
Billionaire Anil Agarwal-owned company has entered into certain long term power security agreements for green and renewable energy (RE) power for Hindustan Zinc, Bharat Aluminum Company and Vedanta (Jharsuguda Aluminium Operations) via captive power projects. These projects will be created through dedicated special purpose vehicle (SPV) for each entity.
More than Rs 800 crore was siphoned off by layering by an event management entity of a company, says I-T Department in a press release. I-T Department sources told CNBC-TV18 that the company mentioned in the press release is Hero MotoCorp
Nuvoco Vistas Corporation
The company has made timely payment of redemption amount and interest for its non-convertible debentures of Rs 400 crore.
The company along with other shareholders of NCC Vizag Urban Infrastructure (NCCVUL) has entered into a Share Purchase Agreement with GRPL Housing (Gardencity Realty Group, Bengaluru) to sell their entire shareholding in NCCVUL to GRPL.
H G Infra Engineering
Subsidiary Gurgaon Sohna Highway has received the provisional certificate for the project in Haryana.
The company will sell its 64.98 percent stake in Maharashtra Transmission Communication Infrastructure for a total consideration of Rs 43 crore, agreed to be received in multiple tranches.
The US FDA has issued three observations for Lupin’s New Jersey facility. Lupin said that the company will not face disruption of supplies or that there will be no impact on revenue.