Bharti Airtel: Telecom operator Bharti Airtel’s Rs 21,000 crore rights issue will open on October 5, according to a regulatory filing. The company has fixed September 28 as the record date for rights entitlement in the issue.
Kalpataru Power Transmission: BSE-listed Kalpataru Power has won an arbitration award of more than $32 million (about Rs 236 crore) against the Rwanda Energy Group.
Adani Ports: The Adani group company has concluded acquisition of the remaining 10.4 per cent stake in Gangavaram port from the Andhra Pradesh government for Rs 645 crore.
Vodafone Idea: The telecom firm will seek board approval afresh to raise funds after the government issued detailed guidelines on telecom reform measures, and its promoters will get a chance to participate in the fundraising round, a top official of the company said on Wednesday.
Jubilant Ingrevia: The company said its subsidiary Jubilant Life Sciences International Pte has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million or around Rs 134.2 crore.
IDFC: Shareholders of IDFC rejected the re-appointment of former CAG Vinod Rai as non-executive chairman of the company. The votes were cast at the company’s 24th Annual General Meeting (AGM) on Wednesday for his re-appointment as non-independent non-executive director up to May 22, 2023.
Zee Entertainment: The merger of
with Sony Pictures Network India (SPNI) will see the former’s promoters get an additional 2 per cent stake as part of a non-compete agreement, while the appointment of Punit Goenka as MD and CEO of the merged entity was an “integral” part of the deal, Zee investors were informed on Wednesday.
MCX: In a first, largest commodities bourse MCX is creating the post of chief operating officer, and the new appointment will be announced as early as early next month, a top exchange official has said.
Ashok Leyland, Federal Bank: Commercial vehicle maker and Hinduja Group flagship Ashok Leyland announced signing an initial pact with private sector lender Federal Bank for a strategic partnership for vehicle financing.
Infosys: The second largest It firm announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases.
CPCL: Chennai Petroleum Corporation Ltd, (CPCL), belonging to IndianOil Corporation Ltd, has begun work on a 9 MMTPA refinery and petrochemical complex being set up at an estimated investment of Rs 31,580 crore in Nagapattinam, Tamil Nadu, the company said on Wednesday.