GIC Re
The government decided to exercise the greenshoe option under the OFS of GIC Re and sell an additional 3.39% stake taking the total offer size to 6.78%.
Vedanta
Vedanta said its display glass business is expected to grow 10-fold, following the consolidation of its holding in AvanStrate Inc.
Sona BLW Precision
Auto component maker Sona BLW Precision Forgings is likely to raise up to Rs 2,400 crore through a qualified institutions placement. It has set a floor price of Rs 699 per share.
PNB Housing Finance
PNB Housing Finance to consider raising nearly Rs 2,500 crore through non-convertible debentures on September 9.Suzlon Energy
Suzlon Energy has signed a conveyance deed with OE Business Park for sale of One Earth property for Rs 440 crore.
Ritco Logistics
Gautam Mukherjee has resigned as the company’s CFO with effect from August 29, 2024. The company has appointed Sanjeev Kumar Elwadhi as MD of the company for 5 years with effect from September 4.
Exide Industries
Arun Mittal resigned as the MD and CEO of the Exide Industries’ arm EESL with effect from October 31 2024.
RIL
Reliance Industries Limited (RIL) has bagged Rs 3,620 crores worth of sops for producing advanced chemistry cell (ACC) batteries.
