Greaves Electrical Mobility Non-public Restricted, subsidiary of Greaves Cotton Restricted, has introduced the completion of allotment of fairness shares to Abdul Latif Jameel, an unbiased, family-owned, diversified international investor and operator following the announcement made in early June. The Firm has allotted 68.35 lakh shares, representing 35.80 per cent shareholding within the Firm, to Abdul Latif Jameel, by the use of preferential allotment for ₹1,171 crore.
Zomato’s board will meet on Friday to debate a possible acquisition transaction by the corporate, the consideration for which can be discharged via issuance of fairness shares of the corporate via a preferential difficulty. Although it didn’t disclose the corporate’s title within the discover, in response to media studies, the board will seemingly take a name on the acquisition of fast commerce firm Blinkit.
ONGC Videsh Restricted (OVL), the wholly owned subsidiary and abroad arm of Oil and Pure Gasoline Company Ltd, has made an oil discovery within the just lately drilled nicely, Urraca-IX, in CPO5 block, Llanos Basin, Colombia. Oil discovery within the Decrease Mirador play on this nicely opens up new areas for additional exploration within the northern a part of the block, ONGC mentioned.
Hero MotoCorp will make an upward revision within the ex-showroom costs of its bikes and scooters, with impact from July 1. The worth revision will likely be as much as ₹3,000. The precise quantum of enhance will likely be topic to the precise mannequin and market.
Thermax knowledgeable the exchanges that its subsidiary First Power has acquired two firms – Jalansar Wind Power and Kanakal Wind Power – for Rs 1 lakh every.
The board of Maharashtra Company has mounted July 8, because the report date for figuring out the fairness shareholders entitled to obtain the Rights Entitlement within the Rights Concern. The dimensions of the difficulty is 49.62 crore shares for an combination quantity not exceeding ₹49.62 crore. Rights Concern Value: On Software – ₹0.25 and A number of subsequent name – ₹0.75. Rights Entitlement Ratio: 11 rights shares for each Three held by the eligible shareholders as on the Report Date.
The Board of Administrators of Route Cellular Ltd will meet on June 28 to contemplate a proposal for buyback of absolutely paid up fairness shares of the Firm.
Century Plyboards (India) Ltd. has made additional investments to the extent of ₹20.95 crore in its Wholly Owned Subsidiary Firm, Century Panels Restricted via rights difficulty.
Jai Balaji Industries has made settlement with Company Financial institution (Now Union Financial institution of India) and paid off its dues and acquired a settlement certificates from the Financial institution on June 20.
June 24, 2022