1 / 7Vedanta | Moody's Investors Service has downgraded the corporate family rating (CFR) of Vedanta Resources Ltd, the parent company of India-listed Vedanta Ltd over elevated risks of debt restructuring over the next few months. The Corporate Family Rating of Vedanta Resources has been downgraded to Caa2 from Caa1.
2 / 7Suzlon Energy | The company on September 27 said Dilip Shanghvi and Associates have decided to terminate the amended and restated shareholders' agreement that was signed in February 2020. With the termination of the agreement, the investor group's nominee director on Suzlon's board, Hiten Timbadia has resigned with effect from September 26.
3 / 7Century Textiles | Realty firm Birla Estates said it has sold out phase 1 of Birla Trimaya within 36 hours of its launch. Birla Trimaya is located on a 52-acre land parcel in North Bengaluru. The 556 units booked account for approximately Rs 500-crore booking value. Birla Estates is a 100 percent wholly-owned subsidiary of Century Textiles and Industries Ltd.
4 / 7Shree Renuka Sugars | The firm has entered into an agreement to acquire a 100 percent stake in Anamika Sugar Mills for Rs 235.5 crore. In a regulatory filing, it said, it has "entered into a binding agreement i.e., the Share Purchase Agreement, with Anamika Sugar Mills Pvt Ltd for acquisition of 100 percent of the equity shares of Anamika".
5 / 7IndiGo | India's largest airline in terms of market share and fleet size said it's in discussions with American engine maker Pratt & Whitney to resolve engine and supply chain issues. Pieter Elbers, CEO of IndiGo said, "PW issue has been there for over a year. We're in talks with PW to get the supply chain issues sorted."
6 / 7SpiceJet | Low-cost carrier has successfully completed the Risk-Based Approach Audit conducted by the International Air Transport Association (IATA). After the completion of the audit, SpiceJet has been certified by the IATA Operational Safety Audit (IOSA).
7 / 7REC | Power PSU REC Ltd and public lender Punjab National Bank on Tuesday inked an agreement to co-finance projects in power, infrastructure and logistics projects. The two entities will jointly finance loans worth Rs 55,000 crore, REC said in a statement.
