Veena Investments has proposed to acquire up to 3,51,72,025 shares of Dish TV India, on the November 16, 2018, or any day thereafter within a period of 90 days by way of on-market inter-se transfer of shares amongst the promoter group. Dish TV is India’s largest Direct to Home television operator using MPEG 4 DVB … Read more
PNB Housing Finance has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. The funds will be utilised for the specific sector wise disbursements / end uses as per norms of the respective NHB refinance schemes. PNB Housing Finance is a registered housing finance company with National Housing … Read more
Ratnamani Metals & Tubes has received a new domestic order valued at approximately Rs 165 crore for supply of CS Pipes for Oil & Gas Sector to be completed between February, 2019 and October, 2019. Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and … Read more
Wockhardt has reported results for second quarter ended September 30, 2018. The company has reported a fall of 79.86% in its net profit at Rs 5.10 crore for the quarter under review as compared to Rs 25.32 crore for the same quarter in the previous year. However, total income of the company increased by 6.95% … Read more
Wockhardt has received approval for raising of funds through issuance of Non-Convertible Debentures (NCDs)/ Bonds (secured/ unsecured) on private placement basis up to an aggregate amount not exceeding Rs 1,800 crore. The Board of Directors of the company at its meeting held on November 10, 2018 has approved the same. Wockhardt is one of the … Read more
Amara Raja Batteries is all set to invest Rs 540 crore for the deployment of advanced stamped-grid technology. This will allow the company to offer high-performance batteries to meet its customers’ present and future needs. The company termed this investment as an important milestone in the process of development of advanced lead-acid batteries. The announcement … Read more
Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL is India’s largest private sector … Read more
