1 / 9GNFC | The company on Wednesday said the company's share buyback programme will open on December 1 (Friday) and close on December 7 (Thursday). The company proposes to buy back up to 84.78 lakh equity shares of face value of ₹10 each, which represents 5.46% of the company's total paid-up equity capital, via the tender offer route.
2 / 9UltraTech Cement | Leading cement maker on Wednesday said the company has acquired the cement grinding assets — amounting to 0.54 MTPA — of Burnpur Cement Ltd for ₹169.78 crore. The acquired facilities, situated in Patratu, Jharkhand, were secured in adherence to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
3 / 9Religare Enterprises | The Burman family, which is locked in a battle with the management of Religare Enterprises for the takeover of the company said that the board of the NBFC does not have the "power or authority" to reject their open offer to pick up controlling stake. "It only has the power to recommend the Open Offer to the shareholders," the Burman family spokesperson said in a statement.
4 / 9Thomas Cook | Faibridge Capital (Mauritius) will sell up to an 8.5% stake in the tour and travel services company via an offer-for-sale (OFS). The promoter's OFS includes a 6.80% base offer and a 1.70% greenshoe option. The OFS will open on November 30 for non-retail investors and on December 1 for retail investors.
5 / 9Man Infraconstruction | Infrastructure construction firm on Wednesday said its board has given its approval for a fundraising initiative of approximately ₹550 crore. This will be accomplished through convertible equity warrants via a preferential issue, subject to the necessary statutory and regulatory approvals.
6 / 9JSW Infrastructure | The company on Wednesday said it has issued a corporate guarantee of $126 million in favour of Axis Trustee Services Ltd for financial aid to be availed of by its wholly owned subsidiary JSW Terminal (Middle East) FZE. The corporate guarantee has been issued at the GIFT City branch of Axis Trustee Services Ltd, JSW Infrastructure said in an exchange filing.
7 / 9PCBL | Chemicals major on Wednesday said it has entered into a joint venture agreement with the Australian company Kinaltek. The collaboration will see PCBL holding a majority stake of 51% in the newly formed venture. As part of the agreement, PCBL is set to infuse an initial investment of $16 million into the joint venture.
8 / 9Karur Vysya Bank | The RBI on Wednesday gave its approval to SBI Mutual Fund for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights of private sector lender. Additionally, SBI MF must comply with regulations issued by SEBI and any other applicable guidelines, regulations, and statutes.
9 / 9Jupiter Wagons | The company has launched a Qualified Institutional Placement (QIP) with a total issue size of ₹500 crore, sources privy to the developments told CNBC-TV18. The QIP issuance includes a base issue size of ₹300 crore, with an oversubscription option of ₹200 crore. The indicative price for the shares has been set at ₹315 per share.
