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Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76million. Axis Bank Limited (“the Bank”) has entered into a Memorandum of Understanding (MoU) amongst members of the consortium seeking to set up a Pan-India (National) Umbrella Entity (“NUE”) for Retail Payments. DLF plans to offer non-convertible debentures aggregating to Rs395cr. Airtel Digital Limited, wholly owned subsidiary of the Bharti Airtel has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited. Auto stocks in focus as automakers will announce their February sales data.
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