Tata Motors: NCLT sanctioned scheme of agreement between company and Tata Advanced Systems. The company said it has received NCLT order sanctioning the Scheme of Arrangement between the Company and Tata Advanced Systems for transfer of the Defense Undertaking. “As per Clause 21 of the Scheme, this Scheme would be effective on receipt of necessary approvals from authorities, including the Ministry of Defense,” it said in the regulatory filing.
Lemon Tree Hotels: Company signed a license agreement for a 55 room upcoming Hotel at Hill Cart Road in Darjeeling.
IRCTC: Company signed Memorandum of Understanding with Hotel and Restaurant Association of Northern India (HRANI).
RIL: Government’s demand for pending dues may delay company’s plan to reduce debt. The stock, which has risen more than 46 per cent in a year and scaled new highs on Friday, fell over 3 per cent in intraday trade before ending down 1.78 per cent on Monday.
Indiabulls Real Estate: The company said on Monday it would sell its commercial properties in Mumbai and Gurugram to US-based private equity fund manager Blackstone for Rs 810 crore.
Hindalco Industries: announced that the Muri refinery in Jharkhand has re-started production of Alumina.
Pidilite Industries: HomeLane, a web-enabled interior design firm, has raised $30 million in series D financing from Evolvence India, Pidilite Group and FJ Labs.
NIIT Tech: The company’s board on Monday fixed the share buyback price at Rs 1,725 aggregating up to around Rs 3.46 crore which represents 20.23 per cent of the paidup equity share capital and free reserves of the Company.
L&T Finance: Company approved offer & issuance of up to 3 crore CPRS (cumulative redeemable preference shares) worth up to Rs 300 crore.
Avantel: Company received order for an amount of Rs 34.18 crore from Satish Dhawan Space Centre SHAR, ISRO for supply of subsystems of wind profiler radar, and Rs 8.80 crore from Govt of India, Ministry of Defence for supply of Satellite Communication equipment.
HCL Technologies: Company and Critical Manufacturing partnered to bring Industry 4.0 services and support to MES clients.
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