Samvardhana Motherson International

The company’s subsidiary, Samvardhana Motherson Innovative Solutions, has acquired a 34% stake in Motherson Auto Solutions from Sojitz Corporation. Following the acquisition, Motherson Auto Solutions has become an indirect wholly-owned subsidiary of the company.

Jubilant Pharmova

Jubilant Biosys Innovative Research Services Pte, Singapore, a subsidiary of Jubilant Biosys (a wholly-owned subsidiary of the company), has signed and issued a “put option offer” to Pierre Fabre Laboratories.

Uno Minda

Ramesh KS has been appointed as Chief Executive Officer (CEO) for ECS-2 Domain of the company, effective August 17. He will report to Nirmal K. Minda, Chairman and Managing Director of the company.

Adani Enterprises

Adani Enterprises

The Management Committee of the company has approved the public issuance of non-convertible debentures amounting to up to Rs 400 crore, with an option to retain over-subscription up to Rs 400 crore, aggregating up to Rs 800 crore.

Bank of Maharashtra

The Reserve Bank of India has imposed a monetary penalty of Rs 1.27 crore on Bank of Maharashtra for non-compliance with certain directions issued by the RBI on ‘Loan System for Delivery of Bank Credit,’ ‘Cyber Security Framework in Banks,’ and ‘Know Your Customer.’

Poonawalla Fincorp

The Reserve Bank of India has imposed a monetary penalty of Rs 10 lakh on Poonawalla Fincorp for non-compliance with certain provisions related to the Fair Practices Code for NBFCs.

Mphasis

The board appointed Aravind Viswanathan as the Chief Financial Officer of the company with immediate effect, following the resignation of Manish Dugar as the Chief Financial Officer.

Hindustan Zinc

Promoter Vedanta has decided to exercise the oversubscription option in the offer-for-sale of Hindustan Zinc to the extent of 1,21,65,562 equity shares (representing 0.29% of paid-up equity share capital).

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