Produced by: BT Desk
Rail Vikas Nigam has emerged as the lowest bidder for an electric traction system project worth Rs 167.28 crore of South Eastern Railway.
Infotech HAL has filed an application for the initiation of the corporate insolvency resolution process before the National Company Law Tribunal, Bangalore. Infotech HAL is a 50:50 joint venture of Cyient Limited with HAL.
NCLT has approved the merger of Gamma Pizzakraft and Gamma Pizzakraft (Overseas) with the company. The scheme of merger will be effective after filing the order of NCLT with the Ministry of Corporate Affairs (MCA).
Company has entered into a Share Purchase Agreement for the acquisition of a 100 percent equity stake in Solapur Transmission, the SPV (special purpose vehicle), from PFC Consulting.
The mobility solutions provider has acquired Bonatrans India for Rs 271 crore and became the first rolling stock manufacturing company to have its own wheel plant.
The company has received approval from the board for the incorporation of its wholly owned subsidiary, PB Pay, to carry on the business of payment aggregators. PB Pay, upon incorporation, will apply to RBI for a Payment Aggregator License and conduct the PA business once the RBI license is received.
The facilities management services provider is set to debut on the bourses on March 21. The final issue price has been fixed at Rs. 715 per share.
The piping solutions provider has signed an asset purchase agreement with Klaus Waren Fixtures for the acquisition of brand Aquel and a plant in Bhuj, Gujarat, for Rs 55 crore.
The Navratna company said the Board of Directors will be meeting on March 27 to consider the market borrowing program for the financial year 2024–25.
The company has invested Rs 33.20 crore for a 60 percent stake in Anups Silicon Services (ASSPL). With this investment, ASSPL will become a subsidiary of the company. This acquisition would strengthen Sasken’s engineering capabilities.
The specialty chemical conglomerate has acquired a 40 percent stake in Invati Creations for Rs 45.16 crore. As per the deal, Himadri will partly acquire Invati’s stake by infusing Rs 19.99 crore of cash as growth capital in Invati, and the balance amount of Rs 25.17 crore will be invested through a share swap.
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