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TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam...
20-Mar2018
Elpro International has received an approval to offload 1.25% of its equity stake in PNB MetLife Insurance Company (PNB MetLife), which may fetch it about Rs 125 crore. The board of director at its meeting held on March 19, 2018 has approved for the same. The company currently holds 12.75% equity in PNB MetLife, which is engaged in the business of life insurance.
This step has been taken for effective treasury management and cash flow requirement for the business of the company. The company is also in discussion with one potential buyer for sale of part of its investment.
Elpro International is engaged in the manufacturing of electrical industrial machinery, apparatus and parts, and construction of residential and non-residential buildings, including additions and alterations.
Glenmark Pharmaceuticals has been listed on the Dow Jones Sustainability Indices 2018. Dow Jones Sustainability Index (DJSI) is one of the most esteemed global benchmarks for sustainable business practices.......
IL&FS Transportation Networks' subsidiary -- Moradabad Bareilly Expressway (MBEL) -- has signed a settlement agreement on various claims filed against the National Highways Authority of India (NHAI)......
Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is reportedly planning to build Jio Hubs, which will be a one stop for all consumer items sold by RIL and the shop will have products......
TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam Investment and Finance Company (CIFCL) up to 300,000 equity shares Rs 10 each, up to a sum not exceeding......
Tata Steel has completed the acquisition of 51% equity stake in Creative Port Development (CPDPL). Earlier, the company had executed definitive agreement for development of Subarnarekha Port &......