LTIMindtree | Technology consulting and digital solutions company has reported a 17% year-on-year (YoY) rise in net profit at ₹1,168.9 crore for the third quarter that ended December 31, 2023. The company's revenue increased 4.6% to ₹9,016.6 crore against ₹8,620 crore in the corresponding period of the preceding fiscal.
NHPC | In a strategic move, the government set in motion a stake sale plan for a state-owned power producer, intending to divest a 3.5% stake through an Offer for Sale (OFS) at ₹66 per share. The OFS includes a base size of 2.5%, with an additional 1% offered through the Green Shoe option.
Oracle Financial | IT firm reported a 69.4% year-on-year jump in net profit at ₹740.8 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 25.9% to ₹1823.6 crore as against ₹1449.2 crore in the corresponding period of the preceding fiscal.
Nazara Technologies | Online sports platform on Wednesday announced its plans to raise ₹250 crore through a preferential issue of equity shares. The company aims to issue up to 28,66,474 fully paid-up equity shares, each with a face value of ₹4, at an issue price of ₹872.15 per share. The total amount to be raised through this preferential issue is capped at ₹250 crore.
Happiest Minds Technologies | IT company reported a 3.5% year-on-year rise in net profit at ₹59.6 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 11.7% to ₹409.9 crore against ₹366.9 crore in the corresponding period of the preceding fiscal.
Persistent Systems | Indian IT services provider said it's gearing up for a potential stock split on January 19. The board of directors is set to convene on January 19, and the meeting is scheduled to continue till January 20, to deliberate on the proposal for the alteration of the company's share capital through the sub-division/split of existing fully paid-up equity shares with a face value of ₹10 each.
Indiabulls Housing | Mortgage player on Wednesday said its board of directors has approved raising funds to the tune of ₹5,000 crore or its equivalent in US Dollars via the issue of equity shares via various methods. The Securities Issuance and Investment Committee of the Board has been authorised by the board of directors to examine, and evaluate various options to raise funds in a manner most beneficial to the company.
Pricol | Auto components maker Minda Corporation Ltd on Wednesday offloaded a 15.07% stake in automotive components maker for around ₹631 crore through an open market transaction. As per the block deal data available with the NSE, Minda Corporation Ltd sold more than 1.83 crore shares. The shares were disposed of at an average price of Rs 343.60 apiece.
M&M | Mahindra Aerostructures will supply close to 5,000 varieties of metallic components to Airbus in Germany, under a new manufacturing and supply contract with the European aviation major. The latest award from Airbus Aerostructures GmbH covers all Airbus commercial aircraft models, including A320 family aircraft.
IndiGo | Days after a video of low-cost carrier passengers having food on the Mumbai airport tarmac was widely shared, the Bureau of Civil Aviation Security (BCAS) has slapped fines of Rs 1.20 crore on the airline. While penalising IndiGo, BCAS said the airline did not report the incident to it and failed to respond to the emergent situation in a responsible and efficient manner.