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Ganesh Benzoplast Ltd on Tuesday (September 29) said it has signed definitive agreements to sell its liquid storage tank and rail logistics businesses to Cisternina Logistics Private Ltd (CLPL) for an aggregate consideration of ₹1,154 crore, subject to specified adjustments and regulatory and shareholder approvals. The liquid storage tank (LST) business at terminals in Jawaharlal…
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JSW Cement Ltd on Tuesday (September 29) said its board has approved a scheme of arrangement to merge listed subsidiary Shiva Cement Ltd with the company, with JSW Cement proposing to issue five equity shares for every 41 shares held by Shiva Cement shareholders other than JSW Cement. The scheme, approved subject to shareholder and…
Leading pump and valve manufacturer KSB Ltd on Friday (September 4) said it has received an international export order worth $12.4 million (approximately ₹118 crore) from Dangote Projects Free Zone Enterprise for the supply of around 18 boiler feed pump packages. “This is to inform that KSB Limited has received a significant export order from…
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Promoter groups Bhaskar Srinivasan, BBS Family Trust and KBS Family Trust are likely to sell up to a 6% stake in electronic manufacturing services firm Avalon Technologies Ltd through a block deal worth around ₹861.9 crore, sources said on Tuesday (September 29). The indicative price range for the transaction is ₹2,150 to ₹2,302 per share,…
Anthropic is betting that AI will reshape the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. The AI lab, which could be valued at more than $2 trillion in its IPO, plans to spend $518 billion on cloud computing and infrastructure obligations in the coming…
Punjab & Sind Bank’s board has approved raising foreign currency funds through the establishment of a Medium-Term Note (MTN) programme of up to $1 billion, the state-owned lender said on Tuesday. The board has also approved the issuance of bonds under the MTN programme, according to a regulatory filing. The fundraising plan comes as the…
Foreign institutional investors (FIIs) stepped up selling in Indian equities on Tuesday, offloading shares worth ₹9,980.22 crore on a provisional basis, according to exchange data. FIIs bought equities worth ₹22,472.70 crore during the session but sold shares worth ₹32,452.92 crore, resulting in net selling of ₹9,980.22 crore. The selling was significantly higher than Monday, when…
