Dixon Tech’s arm Padget Electronics has been chosen as domestic mobile phone manufacturing partner in the production linked scheme. The company had applied for two slots and won one. Optiemus Infracom was also allotted a slot under the afore-mention scheme.
Reliance Industries: ADIA to invest Rs 5,512.5 crore in Reliance Retail Ventures for 1.20% equity stake. Reliance Retail Ventures has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.
Raymond: Care Ratings revised ratings for long term bank facilities from CARE AA- to CAE AA, with outlook remaining at credit watch with developing implications.
DHFL: Administrator has filed third application on past frauds. The current application is related to undervaluation and fraudulent nature of certain agreements made by the company during its stake sale in Pramerica Life Insurance to DHFL Investments and few inter-corporate deposits given by the co. to certain entities. As per transaction auditor Grant Thornton India LLP’s report,which has been shared with Dewan Housing’s administration, the monetary impact of such transactions amounts to Rs 1,865 crore and also cites transfer of Rs 230 crore in the form of ICDs which used to repay a promoter linked entity The transactions took place during fiscal 2017-19 period, the report said. Application was filed against 10 respondents, including Kapil Wadhawan, Wadhawan Global Capital Limited and few more entities.
Tata Motors: Jaguar Land Rover Automotive Plc is planning to sell U.S. dollar-denominated bonds more than seven months after its first attempt stalled due to concerns about the impact of the coronavirus on its business in China. The British carmaker is offering $500 million of notes, with Bank of America Corp. as lead global coordinator and Citigroup, Goldman Sachs Group Inc. and JPMorgan Chase & Co. acting as global coordinators. (Bloomberg News)
Cox & Kings: Enforcement Directorate has arrested Group CFO Anil Khandewal and company’s internal auditors in a money laundering case.
Bajaj Finance Sept. Quarter Update (YoY): New loans booked at 3.6 MM versus 6.5 MM. Capital adequacy ratio at 26.5% and liquidity surplus at Rs 22,300 crore on Sept.30. Deposit book at Rs 21,600 crore versus Rs 17,633 crore. To continue to accelerate its Covid-19 provisioning in the Sept. quarter.
Matrimony.com: Management clarified that that in its conference call that it is expecting double digit growth in billing (sales) in its matchmaking business and not in revenue.
Indo Rama Synthetics: OFS for non-retail gets 112% on day 1.
Linde India: Subhabrata Ghosh resigned from post of CFO with effect from Oct.16.
Appointment of new CFO will be considered in the month of Nov.
Som Distilleries & Breweries: Record date for share split (1:2) set as Oct.16.
Indiabulls Ventures: Company’s name to be changed to Dhani Services with effect from Oct.6. Company has allotted 84 lakh shares to NWI Emerging Market Fixed Income Master Fund at Rs 175 per share.
PSP Projects: Tender for EPC project in GIFT City, Gujarat in which the company emerged as the lowest bidder has been cancelled at the tender inviting authority.
VA Tech Wabag has dissolved its Brazilian arm.
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