The lender has signed an agreement with development consulting group IPE Global to provide finance of up to $150 million to health enterprises that would otherwise not have access to affordable debt financing.
The company will issue 3 rights shares for every 10 shares held. It will issue rights shares at Rs 225 per share. The rights issue will open on March 15 and close on March 22.
CNBC-TV18 has learnt that promoters of UPL could sell the company to effect a family separation. Sources with direct knowledge said the promoters want to separate their economic interest and part ways.
The telecom operator said the board has approved fund-raising of Rs 4,500 crore on a preferential basis, through its promoters. It has decided to issue more than 338.3 crore equity shares at an issue price of Rs 13.30 per share to Euro Pacific Securities, Prime Metals, and Oriana Investments Pte Ltd. The company has also received board approval for additional fund raising of Rs 10,000 crore through private placement or qualified institutional placement.
The consumer food company said its subsidiary LT Foods Americans Inc acquired 51 percent stake in Golden Star Trading Inc along with its brand Golden Star. It also has a call option to further buy remaining 49 percent stake at the end of three years
HDFC Asset Management Company through its schemes acquired additional 2.13 percent stake through open market transactions on March 2. With this, its shareholding in the company stands at 9.17 percent now, against 7.04 percent earlier.
The company has received approval for its immunomodulatory antiviral drug Viralex from Drug Controller General of India. The drug will be used for treatment of COVID-19.
Indiabulls Housing Finance
Capital markets regulator SEBI informed the company of non-compliance related to the availability of certain information on the website of the company and internal policy and directed the company to take corrective measures thereof and inform the stock exchanges in a month.
The state-owned hydroelectric power generation company has achieved financial closure for its 210 MW Luhri-1 hydro-electric project in Himachal Pradesh and 75 MW Parasaran solar power project in Uttar Pradesh. State Bank of India will provide Rs 1,537 crore, and Punjab National Bank, Dubai will provide Rs 319.04 crore for Luhri HEP and Parasaran Projects respectively.
Mahindra & Mahindra Financial Services
The firm has disbursed approximately Rs 2,733 crore of loans in February 2022, registering a 44 percent YoY growth. The collection efficiency remained stable at 98 percent for the month of February YoY. Asset quality has seen improvement due to positive trend in collections. The company is confident of meeting its commitment to bring the net Stage 3 below 4 percent by year-end.