Mar 29, 2022By: Bhakti Makwana
The company has collaborated with Rustomjee Group, one of the leading real estate developers, to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).
The bank has signed an agreement for investment in India Debt Resolution Company by buying 15 percent stake in the company for up to ₹75 million in multiple tranches.
The company's board of directors has approved the issue of equity shares by way of a rights issue to the existing shareholders of the company. It approved the allotment of 3.32 crore equity shares at ₹225 per share.
The company has acquired the business and certain assets of Veritaz Healthcare, for ₹171 crore. Veritaz operates in the pharmaceutical industry in India and sells branded generic formulations and other health care-related products.
The company’s board has approved fundraising of up to ₹200 crore through the issue of non-convertible debentures, on a private placement basis.
The company has emerged as the lowest bidder for a road project in Rajasthan worth ₹1,368 crore.
The company has received ₹15.97 crore from one of its customers, a public sector undertaking after an arbitral award passed in favour of the company.
The company approved an investment worth ₹821.3 crore in five projects including transmission system strengthening beyond Kolhapur for export of power from solar and wind energy zones in the southern region, transmission system strengthening for Srinagar-Leh transmission system and so on.
The company has defaulted in payment of EMI of term loan of HDFC Ltd for March 2022.