Vedanta | Mining conglomerate has declared its second interim dividend worth ₹11 per share. The record date been fixed as December 27. The total amount spent on the interim dividend will be ₹4,089 crore. A record date means shareholders who own shares of the company at that particular date will be eligible for a dividend payout.
Apollo Tyres | White Iris Investment (Warburg Pincus entity) is likely to sell a 3% (1.88 crore shares) equity stake in tyre manufacturer, with an option to upsize the deal, sources close to the development said. The investment firm aims to raise $100 million through this transaction, sources told CNBC-TV18.
PNC Infratech | Infrastructure company said it has clinched a significant victory by being declared the Lowest Bidder (L1) for a highway project in Madhya Pradesh. The project, titled "Construction of Western Bhopal Bypass," involves creating a 4-lane highway with paved shoulders, along with service roads, covering a design length of 40.90 km.
Devyani International | The quick service restaurant (QSR) operator aid it's planning to acquire 274 KFC restaurants in Thailand through its Dubai-based subsidiary Devyani International DMCC. The acquisition shall be facilitated through a share purchase agreement with Restaurants Development Co Ltd, the current operator of the extensive KFC restaurant chain spread across Thailand.
Biocon | The biotechnology major said its subsidiary Biocon Biologics Ltd has assumed direct control of Viatris' biosimilar brands across approximately 120 countries. This expansion includes a direct presence in the United States, Canada, Europe, and nine key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.
Genesys International | Indian mapping company has secured an order to implement its digital twin mapping technology for the redevelopment of Dharavi. The order, valued at ₹22 crore (excluding GST), has been given to Genesys by Porter House.
Dish TV | Direct-to-home satellite TV firm said the company's Nomination and Remuneration Committee has recommended Sanjay Banerjee for a directorial role. However, before proceeding with the appointment, the company has been advised to file necessary applications with the Ministry of Information and Broadcasting, seeking the required approval as per the Up-linking Guidelines.
Nestle | FMCG maker said it has officially set January 5, 2024, as the "Record Date" to determine the entitlement of equity shareholders in the context of the upcoming sub-division or split of its existing equity shares. As per the decision, each existing equity share, with a face value of ₹10 and fully paid-up, will undergo a sub-division into 10 equity shares.