IndusInd Bank: To allot 4.76 crore shares aggregating to Rs 2,495.8 crore on a preferential basis to qualified institutional buyers. Key investors in the issue include Route One Fund, ICICI Prudential, Tata Investment Corporation and AIA. The allotment price of Rs 524 per share is an 18% discount to Wednesday's closing.
Future Retail: Fitch Ratings has placed the company's default rating and rating on its $500 million 5.6% senior secured notes due in 2025 with a recovery rating of RR4 on rating watch positive, post sale of its business to Reliance Industries.
Edelweiss Financial Services: Ontario Teachers’ Pension Plan Board has signed an agreement with Edelweiss Alternate Asset Advisors - the largest private debt manager in India for an investment of Rs 2,600 crore . The agreement represents a long‐term partnership between Ontario Teachers’ and Edelweiss Group that will focus on performing and distressed private credit investment opportunities in the Indian market.
Engineers India: Received project contract from GAIL for setting up PDH / PP plant and pipeline at Uran for Rs 448 crore.
SH Kelkar: Kedar Vaze has been re-appointed as Group CFO till August 2025.
Sterlite Tech: Anupam Jindal has resigned as the company’s CFO from September 11.
Bharat Forge: Sebi gives exemption to open offer in deal with Kalyani Forge.
VIP Industries: Sold its land and building of its Haridwar Factory for Rs 25-30 crore to Fresh Pet on ‘as-is-where is’ basis. The operations at the said Haridwar factory have been suspended since March 2020 due to Covid-19.
JK Paper: India Ratings & Research upgrades long-term issuer rating to IND AA- from IND A+ with outlook remaining stable.
Kalpataru Power Transmission: Incorporated a wholly-owned arm in Senegal to foray into transmission and distribution and railways business.
Rossari Biotech: Plutus Wealth Management acquired 3 lakh shares or 0.58% stake at Rs 773.82 per share.
Non-Nifty Earnings Today: Jubilant Industries, MSTC, Page Industries, Panacea Biotech, Zuari Agro Chemicals
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