Fusion Micro Finance | In what confirms the exclusive CNBC-TV18 newsbreak, Honey Rose Investments, the investment vehicle of private equity major Warburg Pincus, is likely to sell a 9.25% stake in Fusion Micro Finance via block deals. The floor price is set at ₹535 per share, which is a discount of 4.9% to Wednesday's closing price of ₹575. The deal size is ₹500 crore.
Biocon | Biotechnology major said its associate company Bicara Therapeutics Inc has successfully concluded its Series C financing, raising $165 million on December 12, 2023. The infusion of funds is earmarked to drive the ongoing development of Bicara's lead product candidate, BCA101.
NBCC | State-owned construction firm said it has secured a substantial work order worth ₹1,500 crore from the National Cooperative Development Corporation (NCDC). This development marks a crucial collaboration for the implementation of the world's largest grain storage plan in the cooperative sector across various locations in India.
Reliance Communications | Insolvency tribunal NCLT Mumbai has approved the sale of some of the real estate assets of the telecom company. The filing attached an order of the NCLT's Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.
IndiGo | On Wednesday, December 13, the country’s largest airline became the sixth-largest airline by overtaking United Airlines. As of Wednesday’s close, InterGlobe Aviation commands a market valuation of $13.8 billion, which is about $310 million higher than that of United Airlines, according to Bloomberg data.
JSW Energy | JSW Energy (Barmer) Ltd on Wednesday said it has completed a bonus issue of 75.38 crore shares worth Rs 753.89 crore. "JSW Energy (Barmer) Ltd (JSWEBL), a wholly owned material subsidiary of the company, has completed a bonus issue of 75,38,93,332 fully paid-up equity shares of Rs 10 each amounting to Rs 753,89,33,320," a BSE filing said.
SBI | The bank on Wednesday said it will sign a 70 million euro (about Rs 630 crore) Line of Credit (LoC) with German Development Bank KfW for promoting solar projects in the country. The agreement will be signed on December 14 at the bank's IFSC Gift City Branch in Ahmedabad. The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India, it said.
Ultratech Cement | The largest cement and ready-mix concrete maker on Wednesday announced that it plans to increase the overall share of green energy in its total energy mix to 85% by 2030. As an interim target for its sustainability objectives and targets, the AV Birla Group company plans to increase its total green energy share from its current 22% to 60% by FY26.