28/09/2022

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Tata Motors, Infosys, ZEE, Glenmark Pharma in focus

Tata Motors, Infosys, ZEE, Glenmark Pharma in focus



Tata Motors: The corporate and Marcopolo S.A. have entered right into a share buy settlement the place the corporate will buy the stability 49% shareholding in TMML for a money consideration of Rs 99.96 crore. Tata Marcopolo Motors (TMML or JV), is a 51:49 JV shaped in 2006 between the Firm and Marcopolo S.A., one of many largest bus and coach producers globally.

Infosys: The corporate had made minority funding of US$10.0 million throughout 2016-2019, in Trifacta Inc, a knowledge engineering software program firm headquartered in San Francisco, USA. Just about the mentioned funding, the corporate want to inform that it has divested its total holding in Trifacta Inc for ~US$12.0 million.

Zee Leisure Enterprises (ZEE): ZEE and Disney Star mentioned they’ve entered right into a strategic licensing settlement underneath which Disney Star will license the tv broadcasting rights of the ICC Males’s and Underneath 19 (U-19) world occasions for 4 years to Zee.

Glenmark Prescribed drugs: Hikma Prescribed drugs PLC (Hikma, Group) and Glenmark Specialty S.A., a subsidiary of Glenmark Prescribed drugs Ltd. (Glenmark) introduced the launch of RYALTRIS (olopatadine hydrochloride and mometasone furoate nasal spray) within the US.

CreditAccess Grameen: As part of the diversification of funding technique, the corporate has, by means of Exterior Business Borrowings with a door-to-door tenure of 4 years, entered an association to avail USD 90 Million by means of first of its type Mortgage Syndication Association led by HSBC Financial institution. The opposite lenders within the syndication association embrace Financial institution of India, Union Financial institution of India and UCO Financial institution.

Inox Wind: Inox Wind has been accorded approval by the board to boost funds upto Rs. 800 crores by means of issuance of 0.01% Non-Convertible Non-Cumulative Collaborating Redeemable Desire Shares of face worth of Rs. 10 every of the Firm (‘NCPRPS’), absolutely paid up, at par, for money consideration, on non-public placement foundation.

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(This story has not been edited by Enterprise Customary workers and is auto-generated from a syndicated feed.)

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