Actions that will be in action today


Box Mahindra Bank Limited entered into a Share Purchase Agreement for the sale of 20 million shares of Airtel Payments Bank Limited (APBL) Bharti Enterprises Limited. APBL is a payment bank duly licensed by the Indian Reserve Bank to conduct activities permitted under a license issued by the RBI. Sale price per share of ,7 14.74 from APBL; which will be determined in accordance with the provisions of the Share Purchase Agreement, and the monetary compensation is equal to or greater than HRK 294.8 million.

Board Binny Ltd approved the acquisition / takeover of the business and real estate of Mohan Breweries & Distilleries Limited in the amount of 4,554 crore, based on the Independent Valuation Report, and to offset the fee paid to MBDL for the advance of the land together with interest and other advances in the amount of from ₹ 528.77 crore from MBDL.

Capital Affairs Committee Bank of India approved the closure of the issue of employment of qualified institutions. The Board also approved an issue price of ,8 62.89 per share, which is at a 4.99 percent discount to the lowest price of ,1 66.19 per share.

Acrysil, a manufacturer of ‘quartz kitchen sinks’, has announced a further expansion of production capacity for an additional 160,000 quartz sinks per year through the Greenfield project in Bhavnagar, Gujarat. This increases the total capacity to 1,000,000 sinks (1 million sinks) per year. The expansion of production capacities satisfies the growing demand of quartz kitchen sinks in the global market. Proposed capital expenditures include an investment of approx. 38 crore approx. in land and buildings, molds, plant and machinery, utilities, storage and other related infrastructure. The project is likely to be completed by the first quarter of 2020 and will be financed by a mix of internal accruals and debt.

TVS Motor Company, a renowned manufacturer of two-wheelers and three-wheelers in the world, launched the TVS platform “Built To Order” (BTO), marking its journey to today’s platform for customization and personalization. The new business vertical, TVS BTO platform, will allow customers to customize and personalize their vehicles when purchasing, which will be built directly in the factory according to their requirements. This further strengthens the company’s commitment to introducing first-class technologies and leading functions in the segment.

Goodluck India Ltd. was awarded the Letter of Intent {LoI} by L&T Ltd. for the Bullet Train project in India. LoI by L&T is intended for the prestigious calendar project of supplying and constructing special bridges on the national high-speed line between Mumbai and Vapi (Bullet Train project). The value of the order is 198.76 crore. The order execution period envisages that the project will be completed by 2023. It will be carried out under the expert supervision of Japanese-international experts in the field of design and supply of steel bridges.

SSWL signed a contract with Tata Steel Long Product Ltd. (TSPL) for rolling round bars of different grades for a period of 3 years. Supply from the SSWL Saraikela plant will begin in October 2021. This business has a supply potential of 50,000 tons of rolled round bars per year. This product will target car buyers in India. The above strengthens Tata Steel’s strong confidence in SSWL in developing long-term strategic partnerships. Tata Steel has had a strategic stake in SSWL since 2008.

Axis Bank: Moody’s has given the bank a B1 (hyb) rating, a proposal by the city’s GIFT subsidiary in USD, an undated, non-cumulative and subordinated additional Tier 1 (AT1) equity security issued from its Global Medium Term Note (GMTN) program.

Sadbhav infrastructure projects a subsidiary of Rohtak-Hissar Tollway Private Limited terminated the project under the Concession Agreement with the National Highway Administration of India (NHAI) due to the forced suspension of toll collection / user compensation due to agitation / protest of farmers.


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