Interglobe Aviation: It informs that Competition Commision of India has issued a prima facie order to initiate an investigation against them for creating an artificial shortage of seats.
Sarda Energy & Minerals: It informs that SECL has approved their arm’s request to terminate an agreement between them on account of unviability of the project due to change in mine boundary.
Firstsource Solution: It partners with Prosper AI to advance healthcare revenue cycle management with next-level voice AI capabilities.
Purvankara: It acquires balance 10.46% of SPAL, increasing its shareholding from 89.49% to 99.95%.
Ultratech Cement: It commissions an additional grinding capacity of 2.7 MTPA at its Aligarh unit in Uttar Pradesh. With this, the total cement grinding capacity of the Aligarh unit stands at 4 MTPA.
SJVN: It successfully achieves COD of 70 MW Dhubri Solar Power Project in Assam.
Embassy Developments: It voluntarily strikes-off its arm to simplify corporate structure & reduce unnecessary costs.
Shivalik Bimetal Controls: It gives corporate guarantee worth Rs. 7 crore to its arm and proposes to add 40k assemblies per month/1 million busbar per month in its Pune plant with an investment of Rs. 20 crore.
Som Distilleries & Breweries: It clarifies that an action was taken by the Excise commissioner, MP on the basis of a 2012 case. The company acknowledges the suspension of the manufacturing unit license by the Excise Authorities.
Stallion India: It approves rights issue of 3.67 crore shares at a price of Rs. 99, fixes 11 Feb as the record date.
Muthoot Finance: It has approved the issuance & allotment of $600 million 5.75% Senior Secured Notes due 2030.
Windlas Biotech: It approves the dissolution of its arm in the USA.
Marico: It has completed the 60% acquisition of Cosmix Wellness.
Federal Bank: RBI approves Asia II Topco XIII to acquire 9.99% of the bank.
Physicswallah: It completes acquisition of Nextseed Foundation for Rs. 1 lakh & also approves to incorporate a subsidiary in India for hospitality services.
JK Paper: It will set up a hybrid power project for an estimated cost of Rs. 500 crore.
Aditya Birla Fashion & Retail: It approves merger of its arms Jaypore E-comm & TG apparel & Décor with itself.
IRB Infrastructure: It scheduled a board meeting on Feb 13 to mull bonus share issue.
Ashiana Housing: It acquires 8.83 acres of land in Raigad district.
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