Aditya Birla Fashion & Retail (ABFRL) has announced raising sizeable equity investment from GIC’s affiliate, Caladium Investment Pte. Ltd. Key points to note – GIC is Singapore’s sovereign wealth fund. GIC has committed to infuse a total of Rs 2,195 crore Rs 295 crore upfront equity @ Rs 288.75/ share picking up about 1.07% of … Read more
Marico has acquired 53.98% of HW Wellness Solutions Private Limited, that operates under the brand name “True Elements” (TE). Key points to note – TE operating for last 5-6 years sells products in the healthy breakfast and snack segment. It offers 70+ products including oats, quinoa, muesli, granola, flakes, poha, upma, dosa, roasted seeds, seed … Read more
Key points to note – The facility is coming up at IMT Kharkhoda in District Sonipat, Haryana This is Maruti Suzuki’s (MSL) 3rd facility in Haryana – other two being at Gurgaon and Manesar The Company has got 800 acres of land allotted for this facility from Haryana State Industrial and Infrastructure Development Corporation Limited … Read more
This is what some investors had wanted and that’s exactly what Varroc Engineering Ltd (VEL) has decided. Key announcements – VEL has entered into a definitive agreement with Compagnie Plastic Omnium SE, France to divest its 4-Wheeler lighting business in the Americas and Europe Agreed consideration is an Enterprise Value of EUR 600 mn (approx … Read more
After investing $100 mn (Rs 750 cr) for a minority stake in Blinkit (Grofers) last year, Zomato now approves a further investment upto $150 mn (approx Rs 1,150 cr) into the Company. Key points to note: The subject investment is in the nature of loan to be disbursed in one or more tranches. Rate of … Read more
Airtel continues to consolidate and strengthen it’s financial position. Company is holding board meeting on January 28, 2022 to consider a preferential issue of the equity shares. Currently, Airtel’s shareholders include – Mittal family 24.13%, SingTel 31.72% and balance by public. Rumours are that a strategic global investor would be investing into the Company. Last … Read more
The amount relates to the entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited. Key points to note: The amount includes accrued interest as well. These liabilities were due in annual instalments from … Read more