Zomato

Antfin Singapore Holding, an arm of Alibaba Group, is planning to offload a 1.54% stake in Zomato, worth $408 million, through block deals, according to CNBC-TV18 sources. The floor price has been fixed at Rs 251.68 per share. Antfin held a 4.3% stake in Zomato as of June 2024.

HCL Technologies

The board has appointed Shiv Walia as Chief Financial Officer of the IT company, effective September 6. However, Prateek Aggarwal has resigned from the position of Chief Financial Officer to pursue opportunities outside HCLTech.

Bajaj Auto

The automobile company has made a provision of Rs 211 crore on deferred tax created on investment income in Q2FY25, due to the withdrawal of the indexation benefit and a change in the tax rate.

Hindustan Zinc

Vedanta has stated that its shareholding in its subsidiary Hindustan Zinc has dropped to 63.42% after the offer-for-sale of 6,36,05,891 equity shares (1.51% of paid-up equity).

Motilal Oswal Financial Services

The company has received approval from the Board of Directors for the issuance of non-convertible debentures (NCDs) worth Rs 100 crore (base issue size) with an option to retain oversubscription up to Rs 100 crore (green shoe option), aggregating up to Rs 200 crore on a private placement basis.

IndusInd Bank

The Reserve Bank of India has given its approval to IndusInd for setting up a wholly owned subsidiary to undertake the asset management business of mutual funds, along with infusing equity capital into the said asset management subsidiary.

Poly Medicure

The company has opened its qualified institutional placement (QIP) issue on August 19, with a floor price of Rs 1,880.69 per share. According to sources from CNBC-TV18, the issue size is likely to be Rs 1,000 crore.

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