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Biocon: The biopharmaceutical company has given a corporate guarantee of $20 million in favour of Mizuho Bank to secure a term loan facility of $20 million extended to the company's step-down subsidiary Biocon Generics Inc by the bank. The corporate guarantee is valid for 5 years.
JSW Infrastructure: The JSW Group company has received the letter of award from the VO Chidambaranar Port Authority for mechanisation of the North Cargo Berth-III (NCB-III) for handling dry bulk cargo at the port on a design, build, finance, operate and transfer (DBFOT) basis through through the PPP route.
Ami Organics: Pune-based investment company Sageone Investment Advisors LLP has bought 2.5 lakh equity shares (which is equivalent to 0.68% of the paid-up equity) through open market transactions, at an average price of Rs 1,075 per share.
Foseco India: The foundry consumables and solutions company has registered a 33% on-year growth in net profit at Rs 16.3 crore for quarter ended December CY23 (Q4CY23), partly supported by topline and other income. Revenue from operations for the quarter grew by 15.7% to Rs 122.3 crore compared to year-ago period.
Kotak Mahindra Bank: The bank, Zurich and Kotak Mahindra General Insurance Company have mutually agreed that Zurich will acquire 70% stake in Kotak General through a combination of primary and secondary acquisitions in a single tranche, for Rs 5,560 crore. As per an earlier disclosure made in November 2023, Zurich Insurance was supposed to make initial acquisition of 51% stake in Kotak General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional 19% stake in 3 years from the initial acquisition.
Rain Industries: The calcined petroleum coke producer has posted consolidated net loss at Rs 107.9 crore for quarter ended December 2023 (Q4CY23), against profit of Rs 12.6 crore in year-ago period, impacted by lower topline, impairment loss and higher finance cost. Consolidated revenue from operations fell by 25% year-on-year to Rs 410 crore for the quarter.
Kolte-Patil Developers: Promoter Naresh Anirudha Patil sold 15,20,088 equity shares (which is equivalent to 2% of paid-up equity) in the Pune-based real estate developer at an average price of Rs 487.81 per share. However, Whiteoak Capital Mutual Fund bought 4,09,834 equity shares in the company at an average price of Rs 487.5 per share.
Olectra Greentech: High networth individual Ujwal Kumar Pagariya sold 5.5 lakh equity shares in the electric bus manufacturer via open market transaction at an average price of Rs 2,096 per share, valuing at Rs 115.28 crore.
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