Tech Mahindra: The company has incorporated a new wholly owned subsidiary, Tech Mahindra Regional Headquarters, in Saudi Arabia to provide strategic direction and management support to its subsidiaries in Bahrain and Egypt.
Zee Entertainment: The company updates that Aditya Birla Finance moves Delhi High Court against arbitral tribunal’s award.
Glenmark Pharmaceuticals: The company has completed its acquisition of a stake in O2 Renewable Energy XXIV by investing the remaining Rs 24 lakh, bringing its total investment to Rs 1.99 crore and its total ownership stake to 32.95%.
Shree Cement: The company’s income tax demand for fiscal year 2021-22 has been reduced from Rs 588.65 crore to Rs 221.72 crore following a rectification order.
UltraTech Cement: The company’s MPS Committee has approved the sale of up to 2.01 crore equity shares, representing a 6.49% stake in the India Cements Ltd, through a stock exchange mechanism. The floor price of the offer is Rs 368.
Hitachi Energy: The board approved the appointment of Ismo Antero Haka as the Chairman of the Board and of the Company in place of Achim Michael Braun.
Reliance Industries: The company’s arm Reliance TerraTech has completed voluntary winding up process and filed a ‘Certificate of Termination’ with the Secretary of State of Texas.
AGI Greenpac: The company has received a disputed demand notice of Rs 40.61 crore from Telangana’s Southern Power Distribution for surplus power procured between 2002 and 2022.
SBFC Finance: The board of directors approved the allotment of 20,000 redeemable non- convertible debentures of face value of Rs 1 lakh each aggregating to Rs 200 crore on Private Placement basis.
Exide Industries: The company has invested an additional Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions, through a rights issue, bring
