From TCS’ plan to acquire Porsche AG’s IT consulting subsidiary MHP for €320 million to UCO Bank’s board approving a foreign currency fundraise of up …
1/7Tata Consultancy Services | TCS will acquire Porsche AG’s IT consulting subsidiary MHP for €320 million. The deal is part of a five-year partnership between TCS and the German carmaker to work on artificial intelligence and software-led mobility.
2/7Suzlon Energy | Suzlon Group announced plans to develop 1,325 MW of new wind projects in Andhra Pradesh’s Rayadurg constituency in Anantapur district, as the wind turbine maker looks to significantly expand its presence in the state.
3/7Hindustan Copper | The Government of India will sell a 3% stake in Hindustan Copper through an Offer for Sale (OFS), with an option to sell an additional 3% through the green-shoe option in case of oversubscription. The OFS will have a floor price of ₹514 per share, representing a 9.5% discount to Hindustan Copper’s Monday closing price of ₹567.90.
4/7Coal India | The PSU firm has incorporated a Singapore-based wholly owned subsidiary, CIL Global, to explore opportunities for acquiring critical mineral assets overseas.
5/7Afcons Infrastructure | Shapoorji Pallonji group firm Afcons Infrastructure has won an arbitration award of ₹335.50 crore in a dispute with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). However, Afcons will receive the money only if UPEIDA does not challenge the arbitration award within the time allowed under law.
6/7UCO Bank | Bank’s Board of Directors has approved raising foreign currency funds of up to $1 billion through the issuance of debt instruments under a Medium Term Note (MTN) Programme, the state-owned lender said on Monday. The fund raising will be carried out in one or more tranches, according to the bank’s exchange filing.
7/7ICICI Bank | The bank has priced $1 billion of five-year senior unsecured fixed-rate notes through its IFSC Banking Unit, with S&P Global Ratings assigning a ‘BBB’ rating to the debt, according to an exchange filing on Monday, August 24.
