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TATASTEEL
has executed the Share Subscription and Shareholders’ Agreement (‘SSSA’) with Tata Power Renewable Energy (TPREL) and TP Adarsh (TPAL) and completed the acquisition, by way of subscription, of 59,00,000 equity shares of face value of Rs 10 each of TPAL (26% equity shareholding) for an aggregate consideration of Rs 5.90 crore. Post this transaction, TPAL has become an indirect associate company of Tata Steel.
AEROENTER
has successfully acquired an additional 1,03,350 equity shares at price of Rs 539.50 per share aggregating to Rs 5.57 crore, representing 4% of the issued and paid-up share capital of M.R. Organisation (MRO), pursuant to the Share Purchase Agreement dated July 27, 2024 and Deed of Amendment (DOA) dated April 21, 2026. Consequent to the above acquisition, the company’s shareholding in M.R. Organisation has increased from 64% to 68% of the issued and paid-up share capital of MRO.
LTF
has raised Rs 500 crore through the allotment of 50,000 senior, secured, rated, listed, redeemable, non-convertible debentures having face value of Rs 1,00,000 each, through private placement basis, to the identified investor on April 21, 2026. The NCDs carry a coupon rate of 7.79% per annum, first coupon payable on June 27, 2026 and annually thereafter.
Karnataka Bank has entered into a strategic partnership with Pine Labs, a top provider of Point-of-Sale (PoS) solutions. Through this partnership, the bank aims to strengthen digital payment options for its customers. This partnership aligns with the banks’ vision of becoming the ‘Digital Bank of the Future'. Pine Labs offers user-friendly and reliable PoS solutions that plays a vital role in today's digital payment ecosystem. This collaboration will enable the bank’s Retail and MSME customers to seamlessly access advanced PoS terminals, thereby promoting digital adoption and driving mutual growth.#StockInNews#WatchOutFor#EquityResearch#FundamentalViews#TechnicalViews
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