: The country’s largest private lender has entered into a long-term partnership with the London Stock Exchange group’s Refinitiv for digital transformation, new customer acquisition and reduced costs. Refinitiv is one of the world’s largest providers of financial markets data and infrastructure.
State Bank of India: The largest public sector lender said it has raised Rs 4,000 crore by issuing bonds at a coupon rate of 7.57 per cent. The fund has been raised by issuing Basel III compliant tier II bonds. The issue attracted bids worth Rs 9,647 crore, which was oversubscribed by about 5 times against the base issue size of Rs 2,000 crore.
: The new age fintech player will invest Rs 650 crore in subsidiary Policybazaar Insurance Brokers, and also invest Rs 250 crore in another subsidiary Paisabazaar Marketing And Consulting.
: The diesel engine maker said the board members have appointed Anurag Bhagania as chief financial officer of the company with effect from September 22. It has also acquired the balance 24 percent stake in La-Gajjar Machineries.
& Industries: The Sugar firm said it has sold its entire 21.85 percent stake in Triveni Turbines for about Rs 1,600 crore. The shares have been sold to Rati Sawhney, one of the promoters of
and a few institutional investors, including sovereign wealth funds of Singapore and Abu Dhabi as well as a few domestic mutual funds.
Punjab National Bank: The public sector lender has raised Rs 658 crore by issuing Basel III compliant additional Tier-1 bonds at a coupon rate of 8.3 percent per annum, on a private placement basis.
: The civil construction company has received a contract for a new BG line, from South Western Railway as it has a letter of acceptance (LOA) from South Western Railway for the project worth Rs 256 crore. It includes electrical and telecommunication works on engineering, procurement and construction (EPC) mode.
: The microfinance lender has decided to issue non-convertible debentures up to Rs 25 crore on a private placement basis, with a green shoe option up to Rs 25 crore.
Dodla Dairy: Two entities – TPG Dodla Dairy Holdings and Sunil Reddy Dodla – offloaded about 20.25 lakh equity shares or 3.39 per cent stake in the dairy company at an average price of Rs 525 for Rs 106.38 crore through open market transactions. according to block deal data available with NSE.
: The State-run financial firm granted the status of a ‘Maharatna’ Central Public Sector Enterprise. This will give REC greater operational and financial autonomy.
: The dariy products firm said the Board of Directors will meet on September 30, to consider raising funds by way of issue of equity shares on a rights issue basis.
Triveni Turbine: Abu Dhabi Investment Authority, the Government of Singapore, Plutus Wealth Management, The Nomura Trust & Banking Company and multiple mutual funds have picked up a stake in the company at an average price of Rs 226.7 as Triveni Engineering & Industries sold its entire stake.
KPI Green Energy: The utilities firm has received a new order for executing wind-solar hybrid power project of 5.40 MW capacity from Greenlab Diamonds LLP, Surat under ‘captive power producer business segment. The project comprises 5.40 MW wind turbine and 4 MWdc solar.
: The debt-ridden it has defaulted on payment of interest on non-convertible debentures totaling Rs 15.73 crore. The due date for payment was September 20, 2022. FEL has defaulted on interest payment for the period March 21, 2022, to September 19, 2022.