Eureka Forbes | Lunolux, a firm backed by private equity firm Advent International, is likely to sell up to 12% stake (2.3 crore shares) in health and hygiene products maker via block deals, sources privy to the developments told CNBC Awaaz. The floor price of the deal is set at ₹494.75 per share, with a maximum allowable discount of 3%.
NBCC | State-owned on Wednesday said it has been granted an in-principle approval by the Greater Noida Authority for the redevelopment of five projects associated with the Amrapali Group. The projects, estimated at a value of around ₹10,000 crore, include Centurian Park, Golf Homes, Leisure Park, Leisure Valley, and Dream Valley, all located in the Tech Zone-IV sector of Greater Noida.
Brigade Enterprises | Realty firm on Wednesday said it has signed a joint development agreement with PVP Ventures to develop a 2.5-million square feet, high-rise residential project, spread across 16 acres in Perambur, Chennai, with a revenue potential of about ₹2,000 crore. Also, the firm has signed a 45-year lease agreement to build a 250-room resort on East Coast Road (ECR).
South Indian Bank | The Thrissur-based bank on Wednesday said its board will issue 52.31 crore rights equity shares to raise ₹1,151 crore. The record date for the rights issue has been fixed as February 27, 2024. The rights issue will open on March 6 and close on March 20. Shareholders will get one right equity share for every four held by eligible shareholders.
Grasim Industries | Aditya Birla Group firm on Wednesday said the company's Chairman Kumar Mangalam Birla will launch the Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu) on February 22, 2024, from our Panipat plant.
Homefirst Finance | Affordable housing financier on Wednesday said the Insurance Regulatory & Development Authority of India (IRDAI) has granted a corporate agent (composite) license for soliciting life and general and health insurance to the company. The license will be valid from February 21, 2024, to February 20, 2027.
LTIMindtree | Technology consulting and digital solutions company on Wednesday said it has signed an initial pact with Greek insurance company Eurolife FFH to establish a Gen Al and Digital Hub in Athens and dedicated facilities in Poland, Europe and India. LTIMindtree and Eurolife FFH signed a Memorandum of Understanding (MoU) to this effect.
Welspun Corp | The company on Wednesday said regarding the deferment of an order, the customer has now been notified about the cancellation of the said order. "While this cancellation has no material financial impact, however, all legal options in consultation with the legal advisors to seek compensation as per the contractual terms shall be explored," it said.
Sula Vineyards | Leading wine producer on Wednesday said the Maharashtra government has today issued a Government Resolution (GR) for the continuation of the Wine Industrial Promotion Scheme for a period of eight years.