Aster DM Healthcare , Private equity firm Olympus Capital Asia has initiated a block trade in the healthcare services provider. The base size of the block is 5.05% of total equity, with an upsize option to extend it to 10.1%. The total value of the block trade is ₹835 crore, and has the potential to reach ₹1,670 crore upon full upsizing, sources said.
Amara Raja Energy , The company said it has acquired an additional 4.5% stake in electric vehicle battery maker Inobat for 20 million euros (about ₹180 crores). With the latest investment, the company's total stake will be around 9.32% of its equity stake in Inobat AS, including a previous investment of 10 million euros.
GE Power , The company announced receipt of a letter of intent from NTPC GE Power Services for a contract worth ₹243.46 crore. The contract involves refurbishment and modernisation of LMZ steam turbines at Wanakbori Thermal Power Station (TPS) Unit No. 1 and Unit No. 2, each having a capacity of 210 MW.
yes bank , The private sector lender has announced that its board of directors will meet on June 25, 2024, in Mumbai to consider and approve a proposal to enable the bank to borrow or raise funds through the issuance of debt securities. The proposed fundraising options include issuance of debt securities in Indian and foreign currencies.
GIC Housing Finance , The company announced a cybersecurity incident involving a malware attack on some of its end-user systems. The company received information from its cybersecurity department at 5:14 p.m. on June 19, 2024. In response to the malware attack, it immediately isolated the affected systems from the network to prevent further impact.
Jindal Stainless , The company said it has supplied stainless steel to manufacture 100 'Made in India' freight wagons that will be exported to Mozambique. These wagons are made of grade IRSM 44 stainless steel, developed by Jindal Stainless specifically for Indian Railways' freight stock.