Tata Motors: The homegrown auto major has signed a Power Purchase Agreement (PPA) with
to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility.
Adani Enterprises: A wholly owned subsidiary of Gautam Adani’s flagship firm said it will buy a majority stake in , a news channels, as it looks to boost media investments as part of an ambitious expansion plan. The Adani group firm now exercised the option to convert that debt into a 29.18 per cent stake in the channel company.
NTPC: The state-owned power giant will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis on Thursday. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on NSE.
Hindustan Petroleum: As part of its move towards increasing the green energy mix, state-run oil marketer has announced a cow dung-to-compressed biogas project at Sanchore in Rajasthan. This is the oil major’s first project under the waste-to-energy portfolio and the plant is proposed to utilize 100 tonnes per day of cowdung to produce biogas.
New Delhi Television: The Adani group launched takeover bid of NDTV, with an open offer to acquire an additional 26 per cent or 1.67 crore equity shares for up to Rs 492.81 crore at a price of Rs 294 per share. Three Adani group firms have come out with a public announcement for the offer under the Sebi norms.
Procter & Gamble Hygiene and Health Care: The FMCG products maker reported a 13.12 per cent decline in profit after tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, on account of rising commodity costs. The company had reported a PAT of Rs 48.98 crore in the corresponding quarter of the previous fiscal.
Devyani International: Dunearn Investments (Mauritius), a subsidiary of Temasek Holdings, divested 2.18 per cent stake or offloaded 2,63,29,516 shares in omnichannel restaurant and the largest franchisee of Yum Brands in India Devyani International at an average price of Rs 183.11 apiece for Rs 482 crore through an open market transaction.
Chennai Petroleum Corporation: The refining firm has decided to form a joint venture company along with and other seed equity investors for implementing the 9 MMTPA refinery project at Cauvery basin refinery, at estimated cost of Rs 31,580 crore. It has received board approval for equity investment of upto Rs 2,570 crore in the JV.
Hitachi Energy India: The multinational conglomerate company inaugurated a new and larger facility of power quality products manufacturing in Doddaballapura, near Bengaluru. This new manufacturing unit for power quality solutions to facilitate India’s energy transition to net-zero.
Unichem Laboratories: The pharma firm said it has received approval from the US health regulator to market its generic carbamazepine tablets, indicated as an anticonvulsant drug. The approval granted by the USFDA is for the abbreviated new drug application (ANDA) of Carbamazepine Tablets of strength 200 mg.
SJVN: The state-owned utility player said
Transmission Ltd will construct a 220 KV direct current single zebra transmission line for 210 MW Luhri Hydro Electric Project Stage-1.
Ugro Capital: The non banking finance company said its Investment and Borrowing Committee will meet on August 26 to approve raising of funds by way of issuance of non-convertible debentures through private placement basis.
Future Retail: Creditors of the cash strapped firm have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process. The financial creditors of the companies have filed claims of Rs 21,057.89 crore before the interim resolution professional of the company.
Monarch Networth Capital: The stock broking and allied company through Monarch Alternative Investment Fund raised Rs 252 crore in its second Cat-3 AIF. It plans to infuse Rs 1,000 crore in its existing and new businesses over the next three years. It has received interest from sovereign funds and family offices.
Arvind SmartSpaces: The real estate firm has executed the agreements, as a promoter, in relation to the new platform.
will invest Rs 300 crore and HDFC Capital Advisors will invest Rs 600 crore in Arvind SmartHomes.