Reliance Infra to sell toll road stake to Cube Highways
Reliance Infrastructure has signed of Definitive Binding Agreement with Cube Highways and Infrastructure III Pte Ltd for the sale of its 100% stake in Delhi-Agra (DA) Toll Road Private Limited. The total deal enterprise value is over Rs3,600cr.
In addition, NHAI claims of Rs1,200cr to be filed by DA Toll Road Pvt. Ltd. will flow directly to Reliance Infrastructure. Reliance Infrastructure will utilize the proceeds of this transaction entirely to reduce its debt. After the completion of the transaction for Delhi-Agra Toll Road, the debt of Reliance Infrastructure will reduce by 25% to only less than Rs5,000cr, as per BSE filing.
Rajesh Exports bags order worth Rs1,079cr
Shares of Rajesh Exports rose 2% in the noon trade after the company has received orders for its products for a value of Rs1,079cr. The order has been procured beating global competition from a leading wholesaler and stockiest of Middle East for further distribution to the global markets. The order is to be completed by June 2019, the company said in the regulatory filing.
Reliance Industries halts exports to Venezuela on US norms
The company said on Wednesday, that it has stopped all oil exports to US sanction-hit Venezuela and will not resume sales until sanctions are lifted, according to the media reports. The company twin refineries at Jamnagar in Gujarat were a major importer of Venezuelan crude oil, which has reduced purchases by about a third.
It has investments in US shale gas projects and trades fuel in North America, the report added.
Sony Corp in advanced talks to buy stake in Zee Ent:
Shares of Zee Entertainment gained 1% on the NSE in the early morning trade on Thursday session. The stock was among top gainers on the Nifty50 today.
According to the Mint report, Sony Corp. is in advanced talks to buy a stake in Zee Entertainment and form a strategic partnership.
Subhash Chandra is looking to sell 20-25% stake in the BSE-listed company that is struggling to raise funds and pay off debt, the media report added.
HCL Tech acquires US-based digital transformation consulting firm Strong-Bridge Envision
HCL Technologies announced the acquisition of Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. With this acquisition, SBE will become part of HCL's global Digital and Analytics business (HCL Mode 2 services).
"SBE will enhance our digital consulting offerings with their strong capabilities in digital strategy development, agile program management, business transformation and organizational change management. These capabilities combined with our next generation Mode 2 offerings in Experience Design, App Modernization & Data Analytics will help us deliver end-end digital journeys to our customers," said Anand Birje, Corporate Vice President and Head of Digital and Analytics Practice at HCL Technologies.
Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity tips
0 comments:
Post a Comment