Bikaji Meals Worldwide, has introduced that, Bikaji Meals Retail Ltd, its wholly owned subsidiary, will make a strategic funding of Rs 131.01 crorefor an acquisition of 53.02% stake in Hazelnut Manufacturing facility Meals Merchandise Non-public Restricted (“The Hazelnut Manufacturing facility, a Café cum Artisanal sweets model primarily based in Lucknow. This funding shall be completed in tranches and is anticipated to be accomplished in subsequent 2 years. By way of this acquisition, Bikaji goals to arrange a Home of Manufacturers to cater to distinctive buyer tastes and preferences and set up Bikaji as a key participant within the Fast Service Restaurant (QSR) area.
Funding banking agency Morgan Stanley on Wednesday purchased shares of Titagarh Rail Methods for over Rs 85 crore via an open market transaction. New York-headquartered Morgan Stanley, via its affiliate Morgan Stanley Asia Singapore, bought 7,63,738 shares or 0.57 per cent stake in Kolkata-based Titagarh Rail Methods, as per the majority deal information obtainable on the NSE. The shares have been acquired at a median worth of Rs 1,120, taking the transaction worth to Rs 85.54 crore. Funding banking agency Morgan Stanley on Wednesday purchased shares of Titagarh Rail Methods for over Rs 85 crore via an open market transaction. In the meantime, via its arm SmallCap World Fund Inc, Capital group bought greater than 7.90 lakh shares of mobility resolution supplier Titagarh Rail Methods.
The federal government’s 5 per cent share sale in Cochin Shipyard obtained bids value over Rs 1,900 crore from institutional traders on Wednesday. Institutional traders over-subscribed the portion of shares reserved for them. As towards 59.19 lakh shares provided, institutional consumers on Wednesday bid for 1.28 crore shares at an indicative worth of Rs 1,550.13 apiece. Within the two-day OFS, the federal government is divesting 2.5 per cent fairness or 65.77 lakh shares with an choice to promote a further 2.5 per cent at a flooring worth of Rs 1,540 a share. The federal government has determined to train the inexperienced shoe possibility.
Reliance Industries has set October 28, 2024, because the report date for its upcoming bonus situation of shares. The corporate had introduced this forward of its Annual Basic Assembly on September 5, 2024. Shareholders will obtain bonus shares in a 1:1 ratio. The proposal was accredited by its shareholders.
The board of Oberoi Realty has accredited the issuance of non-convertible debentures (NCDs) amounting to Rs 1,500 crore on a personal placement foundation.
RVNL has emerged because the lowest bidder (L1) for a contract awarded by Maharashtra Metro Rail Company Ltd. The mission, valued at round Rs 270 crore (together with GST), entails the development of ten elevated metro stations as a part of Section 2 of the Nagpur Metro Rail Mission (NMRP).
Sintex-BAPL, subsidiary of Welspun Corp, has efficiently accomplished the acquisition of a 100% stake in Weetek Plastic from its present shareholders. The Raipur-based Weetek Plastic specialises in manufacturing plastic pipes, fittings, and water storage tanks, with a mixed manufacturing capability of 19 KMPTA.
Outcomes calendar: Infosys, Wipro (bonus as properly), Axis Financial institution, Nestle India, LTIMindtree, Tata Chemical substances, Tata Communications, Ceat, Havells India, Jindal Stainless, Central Financial institution of India, Indian Abroad Financial institution, 5paisa Capital, Geojit Monetary Providers, Deccan Bearings, Dhanlaxmi Financial institution, Harshil Agrotech, Mahindra EPC Irrigation, Nationwide Customary, Polycab India, Fast Heal Applied sciences, Shemaroo Leisure, Metal Trade India, SW Investments, and Tanla Platforms.
