Adani’s green energy: The board of directors of Adani Green Energy will be held on August 26 to consider raising funds or borrowing funds by offer, issue and allotment of securities, including senior secured and unsecured debentures, of senior rank or subordinated non-convertible or any other authorized debt instrument or by way of external commercial loans, whether denominated in Indian rupees and / or in foreign currencies (“Notes”), which may be issued in one or more tranches, in India or abroad, and which may be listed on one or more stock exchanges in India or abroad, provided that the total amount does not exceed $ 75,000,000,000 or its equivalent in one or more currencies, on the basis of a private placement or otherwise, subject to applicable laws.
Acide A-1 Ltd. acquired 45 percent of the capital (within the investment limit approved by shareholders at the 17th AGM) of A-1 Sureja Industries, a partnership company whose main purpose is to manufacture electric vehicles. In addition, the government gives many incentives to the electric vehicle industries. Therefore, there are more opportunities for business expansion in the electric vehicle industries.
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The board of directors of The Indian Hotels Company Ltd at its meeting today considered, considered and approved, subject to receipt of the relevant approvals from regulatory authorities, if any, the issuance of equity shares by way of issuance of rights to existing shareholders of the company on a registration date for an amount not exceeding 3,000 crore.
The aim of the issue is to meet the company’s financing needs for capital expenditure, growth plans and debt repayment and will be finalized in consultation with investment bankers, the press release said. .
Maruti Suzuki: The Indian Competition Commission (ITC) fined Maruti Suzuki India 200 crore for anti-competitive practices related to the way it forced dealerships to sell cars at a discount.
Supergeneric Lasa Limited, a vertically integrated group spanning the entire animal and human health value chain announced a calibrated restart of manufacturing operations at factories located in Mahad, Dist Raigad. The company managed to resume operations at units located in Chiplun less than a week after the floods. With this company, all units are operational.
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JSW steel: ICRA Limited Ltd has upgraded JSW Steel Ltd’s rating for long-term bank facilities and non-convertible debentures to “[ICRA] AA “; Stable outlook, from” ICRA]AA- “; Positive outlook and reaffirmed the ratings of short-term bank facilities and commercial paper at”[ICRA] A1 + “.