In a recent announcement, Housing Development Finance Corporation (HDFC) revealed that BPEA EQT group, formerly known as Baring Private Equity Asia, in collaboration with ChrysCapital, has gained approval to acquire an approximately 90% stake in HDFC’s wholly owned education finance subsidiary, HDFC Credila, for a substantial amount of Rs. 9,060.5 crores.
Wipro, a leading IT company, is set to commence its share buyback program worth ₹12,000 crores on June 22, with the offer concluding on June 29. After a gap of over two years, Wipro’s board of directors announced the initiation of their first share buyback on April 27. The buyback floor price has been fixed at ₹445 per equity share. To determine the eligibility of equity shareholders and their entitlement, the record date was set as June 16, 2023.
Bharat Electronics Limited (BEL), a leading defense electronics company, has announced that it has received orders worth Rs. 5900 Crore in the financial year 2023-24.
Piramal Enterprises, a leading company, is reportedly making preparations to sell its entire stake of 8.34% in Shriram Finance via a block deal, as per recent reports. This move signifies a significant development in the financial sector.
Max Life Insurance
Max Life Insurance, a leading insurance company, has successfully acquired an additional 2.99% stake in Capital Small Finance Bank. This strategic move further solidifies Max Life Insurance’s position in the banking sector.
New Delhi: Bharti Airtel, the second-largest carrier in India, has entered into a collaboration with tech startup Matter Motor Works to incorporate e-sims into Aera electric gear bikes. Over the course of three years, Matter plans to ship more than 300,000 bikes equipped with Airtel’s IoT solution, marking a significant milestone for the telecom company.
Mankind Pharma Ltd., a leading pharmaceutical and condom manufacturer, has experienced an unprecedented surge in its stock price since its successful initial public offering (IPO) in May. This remarkable performance has propelled the company’s market value to over $8 billion, making it one of the most talked-about Indian stocks in recent years.
WS Industries India
WS Industries (India) Limited, a leading construction company, has recently secured significant orders totaling INR 371.82 crores. The orders have been awarded by M/s.TRINEVA – JWIL (JV) and M/s.CMK Projects Private Limited, further strengthening WS Industries’ position in the industry.
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