TCI Express
To acquire a 100% stake in TCI Global (Singapore) Pte for 18,000 Singapore dollars; also approved issuance of a corporate guarantee in favour of DBS Bank.
Panorama Studios
Subsidiary entered a content licence agreement with SriKrishna Productions to exploit airborne rights for the Kannada film “Timmana Mottegalu.”
RITES
Signed an agreement with the Director General of Naval Projects, Mumbai, for providing consultancy services.
NBCC
Entered an MoU with Goldfields Commercial (Australia) for real estate development projects in Australia.
Rail Vikas Nigam
Emerged as the lowest bidder for a ₹272 crore project from Central Railway.
Central Bank of India
Declared successful bidder for the sale of Future Corporate’s assets; its stake in two Generali Insurance joint ventures will increase to 26% each.
Info Edge
Approved partial divestment of its arm SIHL’s stake in NoPaperForms Solutions (Meritto); SIHL’s total holding in Meritto now below 25% due to IPO-related dilution.
Maruti Suzuki
Received NCLT approval for the amalgamation of Suzuki Motor Gujarat with and into Maruti Suzuki.
Infosys
Fixed November 14 as the record date for its upcoming share buyback.
RateGain Travel Technologies
Approved the merger of its subsidiary, RateGain Merger Sub, with Sojern.
Welspun Enterprises
Secured a ₹3,145 crore order to design and operate a 910 MLD water treatment plant in Maharashtra.
Choice International
Subsidiary Choice Consultancy Services entered a strategic partnership with Solarera Green Renewables.
Exicom Tele-Systems
Completed the fourth tranche investment of ₹15 crore in its arm Exicom Power Solutions B.V.
IRB Infrastructure
Its InvIT Fund completed the acquisition of three highway assets from IRB Infrastructure for a total enterprise value of ₹8,436 crore.
TVS Motor
Entered an agreement with Accel India and MIH Investments to sell its stake in Rapido for ₹144 crore via CCPS and shares.
HG Infra Engineering
Executed a securities purchase agreement with Neo Infra Income Opportunities Fund and SPV to sell its entire 100% stake in the SPV.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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