PVR share price: Stocks in the news: PVR, Airtel, DLF, INOX Leisure, Voda Idea and Vedanta
GAIL India: The public gas operator’s board of directors will consider a share buyback on March 31 – the second buyout in as many years. The country’s largest gas carrier and distributor said its board of directors, at its March 31 meeting, will also review and approve the quarterly and full-year financial results.
Coal India: A branch of a state-run coal miner – North Eastern Coalfields – has resumed mining operations at the Tikak coal mine in Assam, a statement said on Saturday. Mining operations at NEC have been halted due to unavailability of land for overburden disposal and certain clearances.
Bharti Airtel: The telecom major has reached an agreement to acquire more than 7% stake in Avaada KNShorapur for Rs 1.74 crore in cash consideration, the telecom company said in a regulatory filing.
Stock multiplex: Major film exhibition players PVR Ltd and INOX Leisure have announced a merger agreement to create the country’s largest multiplex chain with a network of over 1,500 screens. The boards of both companies at their meetings on Sunday approved an all-stock merger of INOX with PVR.
LDF: The major property company will invest around Rs 2,000 crore to build two new shopping malls in Gurugram and Goa as it sees huge potential for growth in organized retail as the economy opens up after a significant reduction in cases of COVID-19.
Vodafone idea: The company’s shareholders have approved a proposal to raise Rs 14,500 crore, the debt-ridden telecom operator said. The shareholders approved the proposal at the extraordinary general meeting.
Vedanta: Billionaire Anil Agarwal’s mining major said it would invest $1.5 billion in its oil and gas, zinc and steel businesses. At a meeting on Friday, its board of directors approved capital spending of $687 million to drill new wells at the company’s oil and gas unit, Cairn Oil & Gas.
Adani Total Gas: The joint venture of Adani Group and French energy giant TotalEnergies SE has made a foray into the electric mobility infrastructure sector by launching its first electric vehicle charging station in Ahmedabad. The charging station is located at the ATGL CNG station in Maninagar in the city.
Emma: Local major FMCG said it acquired the ‘Dermicool’ brand from British multinational consumer goods company Reckitt for a total consideration of Rs 432 crore, expanding its game in the prickly heat and cool talc category.
Manappuram Finances: The gold financier said its board has approved a proposal to raise up to Rs 7,800 crore in the next financial year. He said he is proposing to list the bonds on either the BSE or the NSE and that the term of the instrument, grant date, maturity and coupon will be decided by the board at the time of the listing. attribution.
Aster DM Health: The health major said that he has earmarked an investment of Rs 500 crore for setting up hospitals in Tamil Nadu and has signed a memorandum of understanding with the government in this regard.
Indiamart Intermesh: The B2B e-commerce company said it plans to acquire a 51% stake in the software-as-a-service Livekeeping company for Rs 45.98 crore in an all-cash deal. The acquisition is in line with Indiamart’s long-term goal of offering enterprises various software-as-a-service solutions.
Financial Avails: The housing finance player said it raised Rs 100 crore by issuing bonds to Kotak Mahindra Bank. The coupon on the bonds will be paid on a quarterly basis during the term of the issue. The bonds mature on March 25, 2027 and carry a variable rate linked to the repo rate.
GR infraprojects: The road and highway construction company has become the L-1 bidder for a road project comprising the upgrade to four lanes with paved shoulder of NH-341 from Bhimasar to Anjar – Bhuj in Gujarat in annuity mode hybrid. The tender cost of the project is Rs 1,085 crore and the said project will be completed within 730 days.
Fino Payments Bank: The Reserve Bank of India has granted permission to refer clients of recently listed lenders to Finwizard Technology (FISDOM) for mutual fund distribution and 5paisa Capital for dematerialization and trading services under a reference agreement.
Trust Capital: Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo and Nippon Life Insurance are among 54 leading companies that have expressed interest in acquiring a debt-laden company promoted by the Anil Ambani Group. The deadline for submitting bids for the debt-ridden company had been extended to March 25 by the RBI-appointed administrator.
Dhanuka Agritech: The agrochemical company has signed an agreement with Sri Karan Narendra, Jobner University of Agriculture in Jaipur to conduct trials of new technologies and train farmers in the use of drones.
Kalyan jewelers: The jewelry retailer has bolstered its business footprint with a new outlet inaugurated in nearby Chengalpet district, the company said. The retail store is the 25th outlet for jewelers in Tamil Nadu, the 124th in the country and the 154th store in the world.
Sagar cements: The cement company’s board of directors has approved the issue of 1,32,07,548 shares to PI Opportunities Fund, a subsidiary of Premji Invest, the investment arm of Azim Premji, at an issue price of Rs 265 per share . The transaction will bring in Rs 350 crore, used to meet organic and inorganic expansion plans.
R Power, R Infra: Reliance Group Chairman Anil Ambani has resigned as a director of Reliance Power and Reliance Infrastructure, following market regulator SEBI’s order preventing him from partnering with a listed company .
Vikas Ecotech: The specialty chemicals and polymers maker is looking to record revenue of Rs 360 crore in the next financial year due to the resumption of exports which have been stalled due to the Covid-19 pandemic.