Indigo | InterGlobe Enterprises, the holding company of the Rahul Bhatia family, is likely to sell a 2% stake in a low-cost carrier through block deals. The transaction involves selling 77 lakh shares at a base price of ₹4,266 per share, reflecting a 7% discount.
IRB Infrastructure | Transport infrastructure developer Cintra, a subsidiary of Spanish infra group Ferrovial, is likely to sell up to a 5% stake in IRB Infrastructure Developers through a block deal. The deal is priced in the range of ₹63-70.16 per share, representing up to a 10.2% discount to the last closing price.
Mphasis | Kotak Mahindra Mutual Fund, along with Morgan Stanley and Societe Generale bought Mphasis shares worth nearly ₹1,900 crore at an average price of ₹2,363 per piece. Blackstone offloaded as much as a 15.1% stake in the company at an average price of ₹2,363.37 per share through bulk deals on the NSE.
RVNL | State-owned company said the Siemens-RVNL consortium has received a letter of acceptance from Bangalore Metro Rail Corporation for a project valued at ₹394 crore. This project involves the engineering, supply, erection, testing, and commissioning of 33 KV distribution, etc, for phase-2A and phase-2B of the Bangalore Metro.
NLC India | State-owned firm said its board has approved the plan to raise up to $600 million through External Commercial Borrowings (ECB) to meet its business requirements. Additionally, the board granted in-principle approval for an investment of up to ₹994.50 crore in NLC India Renewables Ltd, a wholly-owned subsidiary of NLC India.
Vodafone Idea | Cash-strapped company announced that its board of directors is scheduled to convene on Thursday, June 13, 2024, to deliberate on various proposals, including the issuance of equity shares and/or convertible securities to vendors on a preferential basis.
Jubilant FoodWorks | Domino's announced the opening of its 2000th store in the country. The brand celebrated this occasion by opening seven new stores in its seven operating regions nationwide. Domino’s Pizza India opened its first store in New Delhi in 1996, and today serves over 200 million pizzas annually through 2,000 stores spread across 421 cities.