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The Advanced Materials Project being set-up through Welspun Advanced Materials (India) Limited (“WAMIL”), a wholly owned subsidiary of the Company. In this regard, the company  informed that WAMIL has commenced its operations with effect from March 12, 2022. WAMIL’s facilities at Telangana has installed capacity of 17,729 MTPA of Spunlace with estimated revenue of Rupees 370 Crore per annum at around full capacity utilisation. 

Shalby Multispeciality Hospitals celebrated its 28th anniversary with the launch of an orthopedics franchise in Ahmedabad.Shalby was founded by Dr Vikram Shah, world-renowned joint replacement surgeon and Chairman & Managing Director of Shalby Multispecialty Hospitals. Interestingly, this franchise which has been named as Shalby Orthopedics Centre of Excellence (SOCE), is opening at the same place where Dr Vikram Shah opened his first hospital way back in 1994 near Vijay Char Rasta in Navrangpura. He started with a joint replacement centre here and then forayed into establishing 11 multispecialty hospitals all across India. With that this hospital was also converted into a multispecialty hospital. With the launch of SOCE it is being converted from multispecialty into an orthopedics specialty centre which is owned and operated by Shalby Hospitals. While earlier it used to provide treatment for all specialties, now it will provide focused orthopedics services.   ...

The board of directors of the Company at its meeting held today has inter-alia approved the investment in NaoSpirits & Beverages Private Limited,whose turnover and networth for the financial year ended 31March 2021 were INR 14.07 crore and INR 21.31 crore respectively. As an alcohol beverage company,NAO is engaged in the business of developments,marketing & selling of craft alcoholic beverage products, both within and outside India. With this investment,company enters the indian provenance premium craft gin segment,complimented by its world class premium & luxury gin portfolio of Gordon’s and Tanqueray. The company will subscribe to 8,094 Compulsory Convertible Preference Shares (“CCPS”) and 10 equity shares of NAO equivalent to 14.29% of its issued and paid up share capital for INR20 crore;and purchase ,from existing shareholders,4,660 equity shares of NAO equivalent to 8.21% of its issued and paidup share capital for INR 11.50 crore totaling a cash considerati...

The Company approved the proposal to acquire 100% equity shares in Thirdware Solutions Limited, ( https://www.thirdware.com/index.html ). Headquartered in Mumbai with more than 850 employees. For the financial year ending 31st March, 2021, Thirdware had revenue of INR 2,106.2 million. Thirdware delivers industry specific technological expertise through a range of services spanning business applications consulting, design, implementation and support Thirdware is a global player in Enterprise Applications focused in the areas of ERP, BIA, Cloud and business technologies. Thirdware offers consulting, design, implementing, and support of enterprise applications services with a focus on the Automotive industry. The entity being acquired belongs to IT Services Industry. The acquisition will bolster Tech Mahindra’s digital solutions and services in automotive consulting, design, development, and implementation in areas like ERP (Enterprise Resource Planning), EPM (Enterprise Perfo...

Diversified FMCG and FMHG focused company, Ruchi Soya will launch its follow-on public offer (FPO) on March 24, 2022 the company said in its filing on the exchanges on March 11, 2022. The FPO comprises equity shares of face value of Rs 2 each aggregating to Rs 4300 crore. The issue also includes a reservation of up to 10,000 equity shares for subscription by eligible employees. If such placement is completed, the follow-on size will be reduced. The issue will open on March 24 and close on March 28. After filing a draft red herring prospectus (DRHP) in June 2021, the Securities and Exchange Board of India (SEBI) approved the public issue of the Ruchi Soya FPO in August 2021. To comply with Sebi's requirement of a minimum public shareholding of 25% in a listed business, the company is issuing a further public offering. It will take about three years to reduce promoters' stake to 75%. This FPO dilution will aid Baba Ramdev's Patanjali Ayurveda, which owns Ruchi Soy...

The Company would like to update that it has been informed by its associate, Paytm Payments Bank Limited (“PPBL”), that the Reserve Bank of India (“RBI”) has directed PPBL to temporarily halt onboarding of new customers, via a letter dated March 11, 2022.The RBI has observed certain material supervisory concerns at PPBL. The bank is taking immediate steps to comply with RBI directions, including appointment of a reputed external auditor to conduct a comprehensive System Audit of its IT systems. PPBL remains committed to working with the regulator to address their concerns as quickly as possible The Company has been informed that this does not impact any existing customers of PPBL, who can continue to use all banking and payment services without interruption. All existing users of Paytm UPI, Paytm Wallet, Paytm FASTag and bank accounts can continue to use these instruments including debit cards and net banking, for payments. New users can also sign up on the Paytm app, and t...

HDFC Capital Advisors Limited (HCAL), a wholly_owned subsidiary of the Corporation, acquired 1,623 equity shares by way of conversion of Compulsorily Convertible Preference Shares and together with 182 equity shares already held by it in Xpedize, HCAL held 12.47% of the equity share capital of Xpedize HCAL is in discussions for sale of the shares held by it in Xpedize (including those acquired by way of conversion of CCPS), which is expected to be completed by March 31, 2022 In this connection, HCAL has concluded the sale of 1,805 equity shares of Xpedize representing 12.47% of its paid-up capital to SIC, a US based entity, for a total consideration of USD 980,806 (equivalent to Rs 7,49,13,962)