1 / 9IndiGo | The block deal data released by BSE confirms CNBC-TV18's newsbreak. As per the disclosure, this latest sale was executed at an average price of ₹3,015.52 per share, surpassing the floor price of ₹2,925 by 3%. The transaction, valued at ₹6,785 crore, was facilitated through a series of block deals.
2 / 9ITC| British American Tobacco Plc, the maker of Lucky Strike cigarettes, is preparing to kick off a sale of part of its stake in an Indian partner as soon as this week, people with knowledge of the matter said. London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades.
3 / 9Aditya Birla Capital | The company on Monday announced the merger of its wholly-owned subsidiary Aditya Birla Finance with itself as the large non-bank lender seeks to comply with RBI's mandate on scale-based regulations. Aditya Birla Capital is a listed systemically important non-deposit-taking core investment company while ABF is a non-deposit-taking systemically important NBFC.
4 / 9ESAF SFB | Kerala-based bank on Monday said its board of directors has announced plans to raise funds up to ₹135 crore through the issue of bonds on a private placement basis. The bank's board has approved the proposal to issue listed, rated, taxable, unsecured, transferable, redeemable, fully paid-up, Basel II Compliant Lower Tier II subordinated bonds.
5 / 9M&M | Automaker on Monday released its production and sales figures for February compared to the same period last year. According to the latest business update, the company's production surged by 26.1%, reaching 73,380 units compared to 58,203 units produced in February last year.
6 / 9HIL | CK Birla Group firm on Monday said it has signed an agreement with Crestia Polytech for the acquisition of Topline, a popular brand of pipes and fittings at an enterprise value of ₹265 crore. Also, the company will acquire Crestia’s four wholly-owned subsidiaries Topline Industries, Aditya Polytechnic, Aditya Industries and Sainath Polymers.
7 / 9RVNL | State-owned company on Monday said it has emerged as the lowest bidder for a significant project in Maharashtra's metro infrastructure development. RVNL secured the bid with a proposal amounting to ₹339.23 crore. The Maharashtra Metro Rail Corporation Ltd has awarded RVNL the contract for the "design and construction of elevated viaduct" as part of the Pune Metro Rail project extension.
8 / 9Wipro | Indian IT company and Nutanix Inc on Monday unveiled a strategic collaboration with the introduction of a new Nutanix-focused business unit. This initiative aims to support mutual clients in expediting their digital transformation and hybrid multi-cloud adoption while leveraging the full potential of their Nutanix cloud investments.
9 / 9Aurobindo Pharma | Drug firm on Monday said its arm APL Healthcare's formulation manufacturing facility in Andhra Pradesh has received WHO GMP approval. WHO's PQT-INS (Prequalification Unit Inspection Team) inspected the Tirupati-based Unit IV manufacturing facility from September 11-15, 2023.
