Actions that will come into action on September 09, 2022

The advice of power of trust approved a proposal to raise ₹933 crore through the issuance of equity shares to VFSI Holdings. The Board of Directors has approved the proposal to issue up to 60 crore shares and/or warrants convertible into shares, to VFSI Holdings Pte Limited, an overseas investor, at an issue price of 15, ₹55 per share and/or warrant, totaling ₹933 crore, according to a BSE filing.

The Creditors’ Committee (CoC) reviewed the debt-burdened debt resolution processCapital Dependency, for which the bidding process closed on August 29. IndusInd Bank, US asset management firm Oaktree Capital and Torrent Group are among six bidders to acquire Reliance Capital. The company’s 18th CoC meeting was duly convened and conducted in Mumbai on Thursday, Reliance Capital said in a regulatory filing.

Automotive component manufacturer Samvardhana Motherson International Ltd said it was to acquire the chassis manufacturing and assembly facilities of Daimler India Commercial Vehicles (DICV) in Chennai. The company, formerly known as Motherson Sumi Systems Ltd, has signed a strategic agreement, including a long-term agreement with DICV to supply the complete chassis assembly as part of the transaction, Samvardhana Motherson International said. Ltd (SAMIL) in a regulatory statement. deposit.

Brokerage angel one (formerly Angel Broking) added 82% more retail customers or 0.44 million customers in August, bringing the customer base to 11.18 million. In a statement, Angel One said average daily revenue rose 117.9% to ₹12.38 lakh crore and recorded 72.53 million orders, up 44.9% over the of the month under review, bringing the overall share of the stock market to 21.5%.

Real estate firm Unitech LtdOn Thursday, Niranjan Hiranandani and Anoop Kumar Mittal resigned as appointed non-executive directors of the company with effect from August 10 and August 16, respectively. Their resignations were announced to the Ministry of Corporate Affairs (MCA). In July, two other non-executive nominee directors Renu Sud Karnad and Balasubramanyam Sriram resigned from the company’s board citing professional compulsions.

PNC Infratech Limited announced the signing of a Concession Agreement between the National Highways Authority of India and the company’s Incorporated Special Purpose Vehicle for the implementation of the following Hybrid Annuity Mode (HAM) project package on September 8. The project is expected to be completed in 24 months, after declaration of designated date and operated for 15 years, after construction.

life insurance company of india unloaded 4.46 lakh shares or 2.04% stake in Century Enkathrough open market transactions. With that, his stake in the company was reduced to 3.45% from 5.49%.

SBC Exports Limited announced that it has been awarded a work order for the provision of desktop support, project management support and deployment services by National Informatics Center Services Incorporated (NICSI), New Delhi. The cost of the work order is ₹57.88 lakh.

GMR Warora Energy, a subsidiary withdrawn from GMR Power and Urban Infra Limited, has entered into definitive agreements with its lenders to restructure its debt through a resolution plan (RP) in accordance with RBI guidelines. An RP4 rating has been assigned by CRISIL and CARE Ratings to the proposed RP, which is in line with regulatory requirements. SBI (lead bank), Axis Bank (lead bank for WC) and other lenders that have signed the ICA have approved the resolution plan. The resolution plan will become effective on April 1, 2021 and will be considered implemented once the required actions are completed in accordance with the RBI guidelines and the terms of the RP.

Published on

September 09, 2022

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