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1 / 4PNB Housing Finance | Punjab National Bank-promoted company announced that its board of directors approved the issuance of non-convertible debentures (NCDs) worth up to Rs 2,500 crore. The decision was made during the Board’s meeting. The NCDs will be issued on a private placement basis in multiple tranches over the next six months.
2 / 4GMR Airports Infrastructure | The company said it has signed a share purchase agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide to acquire the latter’s 10% equity stake in Delhi International Airport Ltd (DIAL). The acquisition will be made for a negotiated aggregate consideration of $126 million.
3 / 4HG Infra Engineering | The company said it has secured a ₹781.11-crore contract from the Ministry of Road Transport & Highways for the upgradation of NH 47. The project involves enhancing an existing six-lane road, including an elevated corridor, from km 0/00 to 10/170 km between Narol junction and Sarkhej junction along National Highway 47 in Gujarat.
4 / 4Infosys | The Securities and Exchange Board of India (SEBI) has lifted restrictions imposed on employees of Infosys and connected entities, dismissing allegations of insider trading that led to the original orders in 2021. In the final order, SEBI vacated the directions issued through an interim order and a confirmatory order that had previously restricted the involved parties.
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