GREAVESCOTTON: Greaves Electric Mobility Partners with Abdul Latif Jameel. Total Investment-USS 220 mn, Initial investment US$ 150 mn for 35.8% stake. Post money equity value for Greaves Electric Mobility-3238 Cr, Total Co Mcap is ₹3745cr.
AUTO SECTOR: CESL plans another mega tender of 50000 e-buses over 5 years. First tender to be rolled out by June end.
BATA INDIA: Bata (BN) B.V., The Netherlands, says the sale of its 2.8% stake in Bata India is part of an internal restructuring and that it still holds 50.1% in the Indian subsidiary.
BALAJI AMINES: The company has approved fundraising by subsidiary Balaji Speciality Chemicals via an initial public offering comprising a fresh issue of Rs 250 crore and/or an offer for sale "by certain existing and eligible shareholders".
WELSPUN: The company's Saudi Arabia's arm East Pipes has signed a contract with Saline Water Conversion Corp. worth Rs 1,013.24 crore to supply and deliver steel pipes for a water transmission project.
RELIANCE INDUSTRIES: Reliance Brands and Plastic Legno SPA have signed a joint venture arrangement for toys manufacturing in India.
INSIDER TRADES
MANAPPURAM FINANCE: Promoter & Director Nandakumar VP bought 1.04 lakh shares on May 31.
ZYDUS WELLNESS: Promoter Group Zydus Family Trust bought 8,079 shares on May 31.
SECURITIES IN BAN FOR TRADE DATE 02-06-2022- NIL
