![]() Kfin has already bought a 25 per cent stake in Fintech Products for ₹6.50 crore and may take an additional 50 per cent stake for the remaining amount over the next 2-3 months, according to a regulatory filing. The financing for the acquisition will be through an optimal mix of internal resources and debt.įinancial services platform Kfin Technologies has said it plans to invest up to ₹22.60 crore to acquire a majority stake in Fintech Products and Solutions which runs India’s first account aggregator Onemoney. The acquisition is expected to be completed over the next two months. ![]() This acquisition by Tega represents a decisive initiative toward long-term portfolio (products and services) expansion. Tega Industries has announced that the National Company Law Tribunal (NCLT) has approved its resolution plan for the acquisition of McNally Sayaji Engineering Limited (MSEL). The special resolution to this effect was cleared at an extra-ordinary general meeting (EGM) of Vodafone Idea on Saturday. Vodafone Idea’s shareholders have approved the preferential issuance of up to ₹1,600 crore of optionally convertible debentures to vendor American Tower Corp (ATC), according to a regulatory filing. The project includes a scheme to relieve the high loading of the WR-NR Inter-Regional Corridor (400 kV Bhinmal-Zerda line) at an estimated cost of ₹200.58 crore scheduled to be commissioned by May 2024. Power Grid Corporation board on Friday approved an investment of over ₹803 crore for various electricity transmission projects in the country. Of this, Tube Investment has already invested ₹639 crore, the company said. Tube Investment India’s wholly-owned subsidiary TI Clean Mobility (TICM) will raise ₹3,000 crore by March 2024 to fuel its electric vehicle business. The company has completed the sale and transfer of an additional 25 per cent stake in KMTL held by the company to Apraava. ![]() Kalpataru Power Transmission on Friday said that it has sold an additional 25 per cent stake in Kohima-Mariani Transmission Ltd (KMTL) to Apraava Energy. The board of directors of SpiceJet will meet again today (February 27) to consider the issuance of equity shares on a preferential basis consequent upon the conversion of outstanding liabilities into equity shares, and raising fresh capital through the issue of eligible securities to qualified institutional buyers. SGX Nifty indicates weak opening for domestic markets
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