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
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
British American Tobacco (BAT) has sold a 3.5% stake in ITC. The stake has been sold in a block deal. BAT has realised a total of Rs 17,491 crore from the sale. The transaction has taken place @ Rs 400/ share which is similar to the prevailing market price. Post this stake sale, BAT’s shareholding … Read more
British American Tobacco (BAT) is the largest shareholder in ITC holding 29.03% stake. It has informed that it is looking to reduce it’s stake as part of the Capital reallocation strategy. “We continue to pursue all opportunities to enhance balance sheet flexibility and, as part of this, we regularly review our stake in ITC. We … Read more
The Company has announced – Up to 1,25,00,000 (One crore twenty five lakhs) fully convertible equity warrants convertible into equivalent number of Equity Shares of the Company having face value of Rs. 10/- each, at a Premium of Rs 35/- per Warrant, aggregating up to Rs. 56.25 cr 25% of the consideration shall be payable … Read more