Yes Bank said it plans to raise additional capital through the sale of debt securities. Mazagon Dock was awarded Navratna status by the Department of Public Enterprises. The promoter of CE Infosystems plans to trim his stake in the company.
AU Small Finance Bank and RBL Bank plan to raise capital through secondary offerings. The Happiest Minds Technology promoter plans to trim his stake in the company. The 5G wireless spectrum auction is expected to bring record fees to the central government.
IREDA raised additional capital through the sale of bonds to institutional investors. Tata Steel employees in the UK announce a strike for the first time in forty years. Prestige Estate plans to sell bonds to institutional investors.
Persistent Systems declared a final dividend. Bajaj Consumer Care set July 2 as the stock buyback date. MedPlus' subsidiary faced a drug license ban in Karnataka.
Foreign investors sold their stakes in PNB Housing. Vodafone sharply lowered its stake in Indus Towers and used proceeds to repay bank loans. MAS Financial launched its institutional offering.
Ami Organics, Prestige Estates, and Mrs. Bectors schedule board meetings to review fund-raising proposals. Kalpataru Projects declared a final dividend.
Bharti Airtel paid the remaining dues for the purchase of wireless spectrums between 2012 and 2015. Vodafone Idea plans to sell its entire stake in Indus Tower as early as next week. TCS was ordered by a U.S. judge to pay a multi-million dollar fine for violating the U.S. Disclosure Act.
Vodafone Idea agreed to allocate equity stakes in the company to telecom equipment makers Nokia and Ericsson. LIC-controlled funds increased their stake in Dr. Reddy's through open market transactions. Havells India plans to expand its air conditioner manufacturing capacity at two locations.
One 360 WAM agreed to acquire ET Money, the brokerage arm, controlled by Times of India Group. Bondada Engineering Group won a solar power construction order from NLC India.
Cipla plans to appeal the latest ruling by a court in Bihar for the disallowance of tax credit. Patanjali Foods said it plans to evaluate the purchase of non-food businesses owned by Patanjali Ayurved Ltd.
KIOCL suspended production at its iron ore pallet plant in Mangalore because of weak demand. InterGlobe Aviation's promoter plans to lower its stake in the airline by 2%. The consortium of Siemens and RVNL won an order from Bangalore Metro.
EIH Associated Hotels scheduled a board meeting to consider a bonus stock offering. KEC International won large new orders in its electric tower and power transmission engineering divisions.
Bajaj Finance plans to list its home finance unit and raise as much as 4,000 crore through an initial public offering. Hero MotoCorp acquired an additional stake in electric mobility startup Ather Energy.
BHEL won an order to set up a power plant in Chhattisgarh, and KPI Green won orders to set up a solar power generation and transmission plant. Force Motors said domestic vehicle sales rose 13% in May.
