Vedanta said that as per the listing regulations, public shareholders may submit their bid at any price at or above the floor price. Company stated that certain brokers registered with BSE are not allowing public shareholders to place their bid above the floor price.
Future Group Stocks: Amazon.com has initiated arbitration proceedings against Future Group before Singapore International Arbitration Centre. Amazon.com alleges violation of contractual obligations by Future Group. Amazon had acquired a 49% stake in Future Coupons in 2019.
Lakshmi Vilas Bank stated that it received indicative non-binding offer from Clix group. On Sept. 16, Bank had stated that substantial portions of the due diligence process is completed. Clix Capital had signed a preliminary non-binding letter of intent for investment in the Bank in June.
JK Cement has successfully commissioned 0.7 MTPA grey cement grinding capacity at Gujarat plant
and also commenced commercial despatches from Oct. 8
AIA Engineeering: Magotteaux International, AIA Engineering and its managing director Bhadresh Shah have agreed and entered into a full and final binding settlement of all claims made in, arising out of, or in connection, with the arbitration proceedings & challenge proceedings, including claims as to costs, with no liberty to reinstate any such claims in any forum.
Oil India has commenced seismic survey in Andaman Offshore and company plans for intensifying exploration efforts & exploration capex.
Container Corporation Sept. Update: Total physical volumes handled down 8.61% at 8,85,673 TEUs (twenty foot equivalents).
Ramco Cements: Cement grinding units gets commissioned on Oct. 8.
Future Lifestyle Fashion: Crisil downgraded company’s long term bank facilities and NCDs to CRISIL BBB- from CRISIL A, with outlook changing from stable to ratings watch with negative implications. This has been done on account of stretched liquidity position of the company due to slower than expected ramp-up in store revenues, non-availability of additional credit lines due to Covid-19 and increasing company's dependence on restructuring of its debt repayments.
GOCL Corporation’s arm received order worth Rs 187 crore for supply of bulk explosives from Telengana government.
Solar Industries received order worth Rs 447 crore for supply of bulk explosives and initiating systems from Telengana government.
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