Indigo | Rahul Bhatia's InterGlobe Enterprises divested a 2% stake in a low-cost airline for ₹3,367.30 crore. The deal was executed at an average price of ₹4,362.04 per share. Concurrently, Citigroup Global Markets Mauritius has acquired 31 lakh shares, representing a 0.81% stake in InterGlobe Aviation for ₹1,362 crore.
TVS Supply Chain Solutions | The company said it has won a significant 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a subsidiary of Daimler Truck AG. This deal designates TVS SCS as the primary logistics partner for Daimler Truck AG, the world's largest commercial vehicle manufacturer, across the Asia-Pacific region.
BL Kashyap | The company said it has secured two significant orders totalling approximately ₹1,021 crore. The company's order book, excluding GST, now stands at ₹3,545 crore. The first order, awarded by Sattva Homes involves hotel structure and shell work, to be completed within 13 months, with a contract value of approximately ₹97 crore.
Union Bank of India | State-owned bank said its board of directors has greenlit a capital raising plan of up to ₹10,000 crore. This includes raising equity capital of ₹6,000 crore through various avenues like public issues, rights issues, private placements, and preferential allotment.
HCLTech | IT firm said it has signed a deal worth $278 million with Germany's largest cooperative primary bank — Deutsche Apotheker-und Ärztebank eG (apoBank). HCLTech will help apoBank achieve an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant digital foundation services.
Tube Investments | The flagship company of diversified business conglomerate Murugappa Group and its subsidiary TI Clean Mobility Private Ltd, have entered into a ₹160-crore agreement with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively known as GEF).
Patanjali Foods | The company's board has discussed Patanjali Ayurved's proposal for the sale of non-food business undertakings. A committee was formed to evaluate a proposal to carry out due diligence and valuations. The committee's work is in progress. Will inform the exchanges as soon as a development takes place.
Brightcom Group | The Brightcom Group on Tuesday declared results of its July-September quarter for financial year 2024, thereby complying with its earlier announcement of declaring its results by June 11. The Brightcom Group on Tuesday declared results of its July-September quarter for financial year 2024, thereby complying with its earlier announcement of declaring its results by June 11. For the September quarter, Brightcom Group's revenue was flat at ₹112 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell to ₹1 crore from ₹3.92 crore during the same quarter last year.