Bhupendra Singh Chundawat Jiya Eco-Products is planning to enter into Joint Venture with Korkia (Finland). The meeting of the Board of Directors of the company is scheduled to be held on November 05, 2018, to consider the same. Jiya Eco-Products is engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy … Read more
Cochin Shipyard has reported results for second quarter ended September 30, 2018. The company has reported 47.33% rise in its net profit at Rs 147.64 crore for the quarter under review as compared to Rs 100.21 crore for the same quarter in the previous year. Total income of the company increased by 31.90% at Rs … Read more
Tech Mahindra has received an approval for Merger by Absorption of Tech Mahindra Growth Factories (hereinafter collectively referred as the Transferor Company), a wholly owned subsidiary company with itself (the Company or Transferee Company) and their respective Shareholders. The Board of Directors of the company at their meeting held on October 29-30, 2018, approved the … Read more
Muthoot Finance has acquired Muthoot Money (MMPL), post approval of the Reserve Bank of India. The company purchased 5,625 number of equity shares of face value Rs 1,000 each at a price of Rs 17,685 per share aggregating to Rs 9,94,78,125 from existing shareholders; and subscribed 56,545 number of fresh equity shares of face value … Read more
Shriram Transport Finance Company has raised funds worth Rs 300 crore through issuance of bonds. The issue comprises three tenor bonds of three, five and ten years, offering a coupon in the range 9.12% to 9.70%. Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking … Read more
GMR Infrastructure’s indirect subsidiary — GMR Hyderabad International Airport (GHIAL) has entered into a definitive Share Purchase Agreement for acquiring the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad), Mauritius in Hyderabad Menzies Air Cargo (HMACPL) at a total consideration of Rs 59.75 crore. Post-acquisition of the aforesaid shares, HMACPL will be … Read more
Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people … Read more
