The Competitors Fee of India on Tuesday cleared ONGC-NTPC Inexperienced’s proposal to accumulate renewable power agency Ayana for Rs 19,500 crore ($2.3 billion). ONGC-NTPC Inexperienced Pvt Ltd (ONGPL), is a 50:50 three way partnership between ONGC Inexperienced (OGL) and NTPC Inexperienced Power Ltd (NGEL). “The proposed mixture entails the acquisition of 100 per cent fairness share capital of the goal (Ayana Renewable Energy) by the acquirer (ONGC NTPC Inexperienced), the regulator stated in a launch.
Tata Consultancy Companies Ltd (TCS), on Tuesday (March 11) stated it has signed an settlement to accumulate 100% fairness shares of Darshita Southern India Joyful Houses Personal Restricted for ₹2,250 crore. The acquisition is geared toward securing land and a industrial constructing to function a brand new supply middle for the IT companies big.
Godrej Agrovet on Tuesday moved to accumulate the residual 48.06 per cent stake in Hyderabad-based milk procurement and processing firm Creamline Dairy Merchandise for Rs 930 crore. The town-based Godrej Agrovet’s board determined to accumulate the stake to convey Creamline, which can be into manufacturing and promoting of milk, and its merchandise below the ‘Godrej Jersey’ model, as a wholly-owned subsidiary towards money, as per an alternate submitting.
Shruti Shibulal, daughter of Infosys co-founder and former CEO SD Shibulal, on Tuesday purchased the IT main’s shares value Rs 494 crore via an open market transaction. In accordance with the block deal knowledge accessible on the Nationwide Inventory Trade (NSE), Shruti Shibulal, one of many promoters of Infosys, bought 29,84,057 shares of the corporate at a mean worth of Rs 1,657 apiece, taking the transaction worth to Rs 494.46 crore.
KPI Inexperienced Power on Tuesday introduced appointment of Surinder Kumar Negi as its Chief Working Officer (COO). The appointment is efficient from March 12, the corporate stated in an alternate submitting.
Bharti Airtel (Airtel) on Tuesday stated it has signed an settlement with Elon Musk’s SpaceX to convey Starlink’s high-speed Web companies to its clients in India. That is the primary settlement to be signed in India, which is topic to SpaceX receiving its personal authorisations to promote Starlink in India. The corporate is but to get a licence from the Indian authorities. “It allows Airtel and SpaceX to additional discover how Starlink can complement and broaden Airtel’s choices, and the way Airtel’s experience within the Indian market enhances SpaceX’s direct choices to shoppers and companies,” Airtel stated in a submitting to inventory exchanges.
Swiggy has introduced a partnership with Sulabh Worldwide. The partnership, introduced on the sidelines of the inaugural version of the Swiggy Sustainability Summit 2025, will allow Swiggy’s supply companions throughout key cities together with, Mumbai, Thane, Pune, Hyderabad, Bengaluru, Chennai, and cities in Delhi NCR to make use of Sulabh Shauchalya freed from cost, after registering on the Swiggy app.
Rail Vikas Nigam Ltd has secured a a Rs 554.64-crore contract awarded by the Nationwide Highways Authority of India (NHAI). The mission entails the development of a six-lane access-controlled connectivity highway linking Sabbavaram bypass to Sheelanagar junction of NH-516C in Andhra Pradesh.
FSN E-Commerce (Nykaa) has integrated a brand new wholly-owned subsidiary Nykaa Necessities that will give attention to the sweetness and private care (BPC) retail enterprise. The authorised share capital of Nykaa Necessities is Rs 10 crore and paid-up share capital will be Rs 5 lakh.
The board of PB Fintech (Policybazaar) has authorized an funding of as much as Rs 696 crore in its wholly-owned subsidiary, by the use of subscribing or buying its shares or Obligatory Convertible Choice Shares in the course of the monetary 12 months 2025-26, PB Fintech Ltd stated in a regulatory submitting.
Kaynes Know-how India Ltd (KTIL) has knowledgeable the exchanges that its Managing Director, Ramesh Kunhikannan, has acquired a Present-Trigger Discover from the Securities and Trade Board of India for alleged violations in sustaining the Structured Digital Database (SDD) associated to the corporate’s monetary outcomes for the interval ending March 31, 2023, below the SEBI (Prohibition of Insider Buying and selling) Rules, 2015. “We’re at the moment reviewing the contents of the discover and will take all applicable authorized and procedural steps, together with offering a well timed response to SEBI. The Firm, Noticee and all involved stay dedicated to completely cooperating with SEBI to resolve this matter in accordance with the relevant authorized and regulatory framework,” it added.
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