Indo Count Industries

The US-based subsidiary, Indo Count Global Inc., has acquired an 81% stake in Fluvitex USA, Inc. by entering into a Stock Purchase Agreement with Masias Invest, S.L., for $19.63 million. It also has an exclusive option to purchase the remaining 19% stake at a value of $4.6 million within the next five years.

TVS Holdings

The company has acquired a 100% stake in its step-down subsidiary, TVS Digital, from its subsidiary TVS Motor Company. Following the acquisition, TVS Digital has become a wholly-owned subsidiary of the company.

JK tyre Industries

The company has received approval from its Board of Directors for the merger of its subsidiary, Cavendish Industries, with itself. The company will issue 92 of its shares for every 100 shares of Cavendish Industries.

Reliance Infrastructure

The company announced that its board members will consider raising long-term resources from domestic and global markets via equity on September 19.

Sandur Manganese and Iron ores

The company has received approval from its Board of Directors to raise up to Rs 1,000 crore in one or more tranches via a Qualified Institutions Placement (QIP).

HEG

Gulshan Kumar Sakhuja has resigned as Chief Financial Officer (CFO) of the company to pursue professional opportunities outside the organization. His last working day will be September 18.

Monarch Networth capital

The board has appointed Govinda Meghani as Chief Financial Officer of the company, effective September 16.

Firstsource Solutions

The company has announced a collaboration with Microsoft Azure OpenAI for digital transformation offerings.

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Published-September 17, 2024 7:24 AM