Adani Green Energy | Abu Dhabi-based International Holding Company (IHC), which held more than one percent stake in two Adani group companies, Adani Green Energy and Adani Energy Solutions, has entered into a pact with a buyer to dispose of its investments. As of September 28's close, the value of its holdings in these two companies stood at Rs 3,327 crore.
Chola Investment Finance | Non-banking finance firm launched a qualified institutional placement on September 28. The company has launched a Qualified Institutional Placement (QIP) and will issue Compulsorily Convertible Debentures (CCDs) to raise funds, with an overall goal of mobilising up to Rs 2,000 crore.
Shreyas Shipping and Logistics | Transworld Holdings on September 28 extended a counter offer to the public shareholders of Shreyas Shipping and Logistics. The reverse book-building process that concluded recently had determined a share price of Rs 890 for the company. However, Transworld Holdings chose to present a counter offer, valuing each share at Rs 400.
Emami | FMCG major on September 28 announced its entry into the juice category. For this expansion, Emami has made a significant investment in Axiom Ayurveda Pvt Ltd and its associated companies by acquiring a 26 percent equity stake in the firm though financial details were not disclosed.
Piramal Pharma | The drug firm has successfully concluded the Good Manufacturing Practices (GMP) inspection conducted by the United States Food and Drug Administration. The inspection, which took place between September 18 and 27, was focused on Piramal Pharma's manufacturing facility located in Bethlehem, USA.
Infosys | IT services company has received a demand notice from the Commercial Taxes Department, specifically from the Assistant Commissioner of the Kelambakkam assessment circle in Chennai. The notice includes a demand for integrated goods and services tax (IGST), accompanied by a penalty and interest charges.
Tamilnad Mercantile Bank | The private sector lender has announced the resignation of its managing director and CEO, S. Krishnan. The Board of Directors of the bank convened a meeting on the same day and officially accepted Krishnan's resignation from his position.
Bharti Airtel | Bharti Enterprise-backed OneWeb has announced its merger with France-based satellite operator Eutelsat Communications SA. Bharti Enterprises emerged as the largest shareholder in this groundbreaking merger, with a substantial 21.2 percent stake in the Eutelsat Group.
Saregama | Music company has acquired a 51.82 percent stake in digital entertainment startup Pocket Aces for Rs 174 crore in an all-cash deal. The company plans to invest an additional Rs 15 crore into the firm. The music label plans to acquire an additional 41 percent stake in Pocket Aces within the next 15 months at pre-agreed multiples.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
