[ad_1] Prestige Estates Projects Limited has announced an investment of up to ₹1,625.04 crore in its wholly-owned subsidiary, Prestige Hospitality Ventures Limited (PHVL). The Management Sub-Committee of the Board of Directors has approved the investment through a rights issue subscription, which will be executed in one or more tranches. The investment is intended to strengthen […]
Jyothy Labs approves sale of entire equity stake in Jyothy Kallol Bangladesh – CNBC TV18
[ad_1] Jyothy Labs Limited has announced the sale of its entire 75% equity stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for an aggregate consideration of BDT 3,01,92,134. The transaction was approved by the company’s Board of Directors in a meeting held on March 25, 2025. Following the sale, JKBL has ceased […]
Aditya Birla Capital invests ₹300 crore in housing finance unit via rights issue – CNBC TV18
[ad_1] Aditya Birla Capital Ltd (ABCL) has announced an investment of ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), through a rights issue of equity shares. The investment aims to support ABHFL’s growth and enhance its leverage ratio. As ABHFL is a wholly-owned subsidiary, the transaction, while classified as a related […]