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1 / 11Reliance Industries | The Competition Commission of India (CCI) approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country’s largest media empire worth over Rs 70,000 crore. The CCI, however, did not disclose voluntary modifications in the original deal made by the two parties.
2 / 11IndiGo | InterGlobe Aviation’s promoter and co-founder Rakesh Gangwal is likely to sell up to $850 million worth of his stake in the country’s largest airline through block deals. The indicative price for the stake is set at ₹4,593 per share, reflecting a 5.5% discount to the current market price.
3 / 11PB Fintech | Tencent Cloud Europe BV is likely to offload a 2.1% stake, equating to approximately 9.7 million shares, in PolicyBazaar’s promoter through block deals, sources in the know told CNBC-TV18. The floor price for this transaction is set at ₹1,660.2 per share, which represents a 4.5% discount to the current market price.
4 / 11Vedanta | The Anil Agarwal-owned mining conglomerate will consider a third interim dividend at its board meeting on September 2, it said in an exchange filing on Wednesday, August 28. The company has also announced that the record date for the said dividend has been fixed as September 10, 2024.
5 / 11Lemon Tree Hotels | Hospitality chain announced its newest property, Lemon Tree Hotel, Ujjain, Madhya Pradesh. The property is expected to open in FY27 and will be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Lemon Tree Hotel, Ujjain, will feature 72 rooms, a restaurant, a bar, a swimming pool and other public areas.
6 / 11Vodafone Idea | The Supreme Court of India has scheduled a hearing for telecom operator’s curative petition in the Adjusted Gross Revenue (AGR) case on August 30. This follows the Supreme Court’s acknowledgement on July 15 of Vodafone Idea’s submission against the Supreme Court’s 2019 judgment on the payments to the government.
7 / 11VLS Finance | The company announced a share buyback program, intending to repurchase up to 33 lakh fully paid-up equity shares, representing 9.48% of the company’s total paid-up equity share capital. The buyback will be conducted at a price of ₹380 per share, amounting to a total of ₹125.4 crore.
8 / 11Macrotech Developers | Realty firm said it’s planning to acquire 100% equity stakes in two companies — Opexefi Services Private Ltd and One Box Warehouse Private Ltd — through executed Share Purchase Agreements. The acquisitions, valued at ₹46.7 crore and ₹49 crore, respectively, will bring both companies under Macrotech’s control, making them wholly owned subsidiaries.
9 / 11NLC India | State-owned company said it has signed a 25-year power usage agreement with Telangana state discoms (distribution companies) for 200 MW of solar energy at a competitive price under the central public sector undertaking (CPSU) scheme.
10 / 11KEC International | Infrastructure company said it has won new orders worth ₹1,171 crore in its Transmission and Distribution (T&D) business. The orders include constructing a 400 kV transmission line in the United Arab Emirates (UAE) and a 380 kV transmission line in Saudi Arabia.
11 / 11Welspun Living | The company is set to see a block deal where the promoter plans to sell up to 4.6% of the company’s stake and raise $106 million. The transaction will be executed at a floor price of ₹197 per share, which represents about a 5% discount to the current market price of ₹208.70.
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