Muthoot Microfin Limited has announced the allotment of Listed, Rated, Senior, Secured, Transferable, Redeemable Non-Convertible Debentures (NCDs) worth ₹100 crore, marking a strategic fundraising move for the company. NCD Allotment Details The Debenture Issue and Allotment Committee of Muthoot Microfin approved the allotment of 1,00,000 NCDs, each with…
Rashtriya Chemicals & Fertilizers Ltd (RCF) has started commercial production at its newly established liquid carbon dioxide (CO₂) plant at the company’s Trombay unit. The plant has a designed capacity of 100 metric tonnes per day (MTPD). Diversifying Beyond Fertilisers The launch of this facility marks a strategic…
MAS Financial Services Limited (MFSL) has strengthened its footprint in the housing finance market by increasing its stake in its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL). The move reflects MFSL’s strategic intent to deepen its presence in the middle-income housing finance segment, particularly across semi-urban…
JK Cement Limited has secured approval from the National Company Law Tribunal (NCLT), Allahabad Bench, for the merger of its wholly-owned subsidiary Toshali Cements Private Limited. The amalgamation, effective from January 1, 2024, is part of JK Cement’s broader strategy to streamline operations and strengthen group synergies. Key…
Jeena Sikho Lifecare Limited, one of India’s fast-growing Ayurvedic healthcare companies, has announced a series of bold strategic initiatives that underscore its ambition to become a global player in holistic healthcare. The company has not only incorporated a wholly owned subsidiary in the United Arab Emirates (UAE) but…
DCX Systems Limited, a leading Indian defence and aerospace electronics manufacturer, has signed a non-binding memorandum of understanding (MoU) with the Government of Tamil Nadu to establish a radar manufacturing facility in Hosur. The MoU was signed on September 11 at the TN Rising Investment Conclave, attended by…
GlobalBees Brands, the roll-up subsidiary of omni-channel retailer FirstCry, has announced an investment of ₹8.9 crore in its portfolio company HealthyHey Foods, significantly increasing its shareholding from 60% to 79.6%. The move underscores GlobalBees’ commitment to scaling its health and nutrition vertical amid strong revenue growth in the…
ICICI Bank, one of India’s leading private sector lenders, has received approval from the Reserve Bank of India (RBI) to acquire up to an additional 2% stake in its subsidiary, ICICI Prudential Asset Management Company Ltd (ICICI Prudential AMC). The nod, granted via a letter dated September 12,…
New Delhi, September 12: Apollo Hospitals Enterprise Ltd (AHEL) has announced two major developments — the acquisition of IFC’s 30.8% stake in Apollo Health and Lifestyle Ltd (AHLL) and the establishment of a comprehensive oncology unit in Gurugram. IFC Exit from AHLL Apollo Hospitals will acquire 30.8% stake…
Engineers India Ltd (EIL), the state-owned engineering consultancy major, has secured a significant ₹618 crore contract from an Africa-based fertiliser manufacturer, strengthening its global project portfolio and reinforcing its leadership in engineering and project management services. Details of the Africa Fertiliser Project The order entails providing Project Management…