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Baring Private Equity Asia to acquire 30% stake in NIIT Technologies

Mumbai : Baring Private Equity Asia (BPEA) has signed definitive agreements with NIIT Technologies to purchase approximately 18.85 million NIIT Technologies shares (approximately 30% shareholding on a fully diluted basis in NIIT Technologies) from NIIT and other promoter entities at a price of Rs 1,394 per share. The aggregate consideration ... Read More »

Eris Lifesciences to acquire full ownership in KINEDEX

Mumbai : Eris Lifesciences has executed a share purchase agreement with Rajesh Dhuria (one of the founders & promoters of KINEDEX) with the intent to have full ownership and control of the said subsidiary (KINEDEX) and to make KINEDEX a wholly-owned subsidiary i.e. by way of purchase of 32,507 equity ... Read More »

Sobha achieves pre-sales of Rs 31.23 billion in FY19

Mumbai : Sobha has achieved pre-sales of 4.03 million square feet valued at Rs 31.23 billion in the FY19. This is the highest ever new sales booking in the history of the company. Similarly, Bengaluru has achieved the highest ever new sales booking of 2.76 million square feet during FY18-19. ... Read More »

Adani power secures LoI for Korba West Power Company

Mumbai : Adani power has been awarded the Letter of Intent (LoI) for Korba West Power Company (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 has approved the Resolution Plan submitted by the company. The National Company Law ... Read More »

IndiGo launches six new flights including four UDAN routes

Mumbai : InterGlobe Aviation (IndiGo) has launched six new connections including operations on four RCS routes, effective June 22, 2019. The routes under the Regional Connectivity Scheme include Kolkata-Allahabad, Allahabad-Kolkata, Raipur-Allahabad, Allahabad-Raipur. IndiGo continues to strengthen its domestic connectivity with new flights between Kolkata, Allahabad, Raipur and Jabalpur, while developing ... Read More »

Sun Pharma gains on launching INFUGEM in US

Mumbai : Sun Pharmaceutical Industries is currently trading at Rs. 465.90, up by 3.20 points or 0.69% from its previous closing of Rs. 462.70 on the BSE. The scrip opened at Rs. 469.90 and has touched a high and low of Rs. 469.90 and Rs. 464.75 respectively. So far 8700 ... Read More »