March 1, 2024

IPO News

Indian Govt Challenges Hindustan Zinc’s Vedanta Acquisition

According to Stock news, the Sensex and the Nifty both fell by 0.51% and 0.56%, respectively, on Monday, indicating a downward trend in Indian equities. Also volatile were the shares of mid and small-sized companies, with the Nifty Midcap 100 rising by 0.08% and the smallcap shares falling by 0.34%, respectively. Check out the most recent developments involving a few equities that may continue to attract attention today.

BPCL

BPCL (Bharat Petroleum Corporation Limited) is looking to raise as much as 1,500 crores through the tender offer of unsecured non-convertible debt securities in the current fiscal year 2022-23, depending on market conditions.

Vedanta

Despite billionaire Anil Agarwal’s best efforts to reduce the giant’s 7.7 billion dollar net debt, the Indian government has challenged Hindustan Zinc Ltd’s $2.98 billion acquisition of properties from Vedanta Resources’ flagship firm.

JK Tyre & Industries

JK Tires & Industries has signed a membership and policy rights contract with International Financing Corporation in an effort to raise Rs 240 crore.

GR Infraprojects

L-1 bidder GR Infraprojects won the opening of financial bids for two NHAI projects on February 20, 2023.

HDFC Bank

It will be HDFC Bank’s first bond issuance in USD in over a year and a half. The financial institution will soon launch a senior unsecured bond sale of benchmark size.

BEML

The DMRC (Delhi Metro Rail Corporation) headed SPV, which BEML has shortlisted to build Phase-1 of the Bahrain Metro Rail Project, has entered into an MOU (Memorandum of Understanding).

Asian Paints

The state of Gujarat has approved plans for Asian Paints (Polymers), a subsidiary of the paint manufacturer, to construct a factory in Dahej to produce VAE (Vinyl Acetate Ethylene Emulsion) and VAM (Vinyl Acetate Monomer).

World fintech news provides insightful analyses of the financial industry and keeps you up-to-date with the latest developments in fintech. To read more news and stories about fintech, visit https://worldfintechnews.com/.

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