South African insurer Sanlam Group will acquire majority stakes in two insurance joint ventures with Shriram Group to enhance the company’s geographic diversification and penetrate the fast-growing Indian insurance market.
UltraTech Cement Ltd. has said it is committed to invest Rs 32,400 crore towards the ongoing capex over the next three years.
The cement company's ongoing expansion plan includes commissioning at 16 locations with a capacity of 35.5 Mtpa, an exchange filing said on Tuesday.
IIFL Finance Ltd. has received approval from National Stock Exchange of India Ltd. to acquire shares aggregating up to Rs 284.4 crore of the bourse from a Fairfax India Holdings Corp-backed company.
Zee Entertainment Enterprises Ltd. announced strategic steps to streamline and overhaul its Technology & Innovation Centre. The Managing Director and CEO, Punit Goenka, led this initiative to make the Technology & Innovation Centre more efficient and cost-effective, according to the press release.
Cloverdell Investment Ltd. sold its 2.5% stake in IDFC First Bank Ltd. for Rs 1,195.2 crore in the open market on Thursday.
The company sold 15.8 crore shares on the open market for Rs 75.24 per share, as per BSE data. The company, affiliated with Warburg Pincus as of December 2023, held 2.25% stake in the bank.