The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more
Nishant Pitti, one of the three promoters has decided to sell his balance 14.21% stake in the Company. He is expected to sell it @15.6/ share i.e., Rs 780 cr via block deal. The Current trading price is Rs 17/ share. Various Institutional Investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, … Read more
India’s tax department has ordered Zomato to pay 8.04 billion rupees ($94.8 million) in taxes and fines for non-payment of certain taxes from 2019 to 2022, the food delivery platform said on Thursday. The order directs Zomato to pay 4.02 billion rupees in outstanding taxes and an identical amount as penalty, which totals to more … Read more
In an interaction with Mint, Lemon Tree’s chairperson, Patanjali G. Keswani has shared the following – He said that over the past 12 years, Lemon Tree has built more hotel rooms than any other hotel company in India. It currently operates 112 hotels, consisting of 41 owned properties with about 5,800 rooms and 71 managed … Read more
Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. Â The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more
With a 40 per cent rise in cruise passengers in FY 2023-24, the Mormugao Port Authority (MPA) expects to grow it further with the construction of the International and Domestic Cruise Terminal in Goa by March 2025, an official said. The development of the International and Domestic Cruise Terminal and allied facilities is expected to … Read more
Subway, the restaurant chain with the most locations in the US, has sold $3.35 billion of asset-backed bonds to help fund its buyout by Roark Capital Group, in what is the largest securitization of its kind on record. The sandwich maker priced the largest portion of its whole business securitization — where a company pledges … Read more