InterGlobe Aviation Ltd, the parent company of Indigo Airlines, has become the first aviation firm in India to surpass the Rs 1 trillion market capitalization mark. The airline’s shares have experienced significant growth this year, rising by 29 percent and reaching a record high.
Power Grid Corporation of India Limited (PGCIL), a state-owned company, announced on Wednesday, June 28, that its board has given the green light to three investment proposals amounting to INR 389 crore. In an official filing with the stock exchange, the company disclosed the details of these proposals.
Shalby Ltd, a renowned healthcare provider, has recently announced a strategic collaboration with Divine Super Specialty Hospital Pvt. Ltd. in Ranchi, a leading hospital equipped with 60 beds. This partnership aims to establish a Franchise-Owned Shalby-Managed (FOSM) hospital, demonstrating Shalby’s commitment to delivering top-notch healthcare services to the residents of Ranchi and its surrounding areas.
In a recent transaction, Adani Enterprises and Adani Green, both companies backed by billionaire Gautam Adani’s port-to-energy empire, have sold stakes worth approximately INR 1,099.80 crore to US-based boutique investment firm GQG Partners and other investors. The deal, conducted as a block deal, took place during the early hours of trading on Wednesday. Adani Family Trust sold shares in Adani Enterprises, while GQG Partners invested in Adani Green Energy.
In a significant development, Yuken India Ltd announced today that its Board of Directors, in a meeting held on Wednesday, June 28, 2023, at the company’s Registered Office, has approved the allotment of 1,000,000 Equity Shares. This allotment aligns with the guidelines outlined in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and is offered on a preferential basis to Yuken Kogyo Company Limited, the Promoter of the Company. Each Equity Share has been priced at ₹629.00, which includes a premium of ₹619.00 per share.
BEML Ltd, a state-owned company, has announced its successful bid for an order worth Rs. 385 crore from BDL and BEL. The company revealed this information through an official regulatory filing, stating that the order pertains to the supply of High Mobility vehicles (HMV). BEML emphasized that this order is part of its regular business operations.
BYD India, the Indian subsidiary of Chinese electric vehicle manufacturer BYD, has announced a promising collaboration with Bajaj Finance to facilitate financing options for its dealers and customers in the country. This exciting partnership, unveiled on June 28, aims to deliver comprehensive vehicle financing solutions across India, with the ultimate goal of promoting the widespread adoption of electric vehicles (EVs).
FSN E-Commerce Ventures
The Fundraise & Investment Committee of the Board of Directors of FSN E-Commerce Ventures Limited has granted approval for two significant investment proposals. The committee met on Wednesday, June 28, 2023, to discuss and finalize the investment of up to INR 200 million in its wholly owned subsidiary and to invest up to USD 2 million in one of its overseas subsidiaries, namely Nessa International Holdings Limited.
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