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Kotak Mahindra Bank has agreed to make an equity investment of 9.98 per cent stake in KFin Technologies. As part of the transaction, the private sector lender will subscribe to 1,67,25,100 equity shares in KFin Technologies for about Rs 310 crore.
Just when market participants were beginning to worry about the absence of the G-SAP announcement last week, a CPI inflation number and talks of inclusing the Indian government securities in global bond indices has lifted spirits.
The Telangana State government will offering all assistance to #Kitex such as prompt land allotment, adequate infrastructure development, including the provision of Common Effluent Treatment Plant, and offering incentives customised to the group.
At least 14 workers were injured after a girder of an under-construction flyover at MTNL junction in suburban Bandra Kurla Complex (BKC) here collapsed early on Friday, civic officials said. The mishap occurred at 4.41 am, they said.
Biocon's Biocon Biologics and the Serum Institute Life Sciences have entered into a strategic alliance under which Biocon Biologics will receive access to 100 million doses of vaccines per annum for 15 years in return for an equity stake to SILS.
The government's bod to sell up to 10 per cent stake sale in Hindustan Copper got off to a good start. Institutional investors have put in bids of over ₹700 crore, that is, they have put in bids for more than 6.14 crore shares.
Kotak Mahindra Bank has acquired Volkswagen's captive vehicle finance business for an undisclosed sum. With this, the bank will gain access to over 30,000 high-quality customers with a total loan outstanding of around ₹1,340 crore.