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InterGlobe Aviation: Promoter Shobha Gangwal intimated exchanges that her shareholding in the operator of low-cost airline IndiGo reduced to 2.99%, from 7.04% earlier after selling of 4.05% stake or 1.56 crore shares via block sale on February 16.

JK Tyre & Industries: JK Tyre to raise Rs 240 crore via issuance of CCDs to International Finance Corporation. The tyre maker is going to raise Rs 240 crore by executing a subscription and policy rights agreement with International Finance Corporation for issuance of 24,000 compulsorily convertible debentures (which carries an interest rate of 6% per annum, compounded cumulatively on a quarterly basis) at face value of Rs 1 lakh each of the company to IFC by way of a preferential issue on a private placement basis. These CCDs will be convertible into equity shares at a conversion price of Rs 180.50 per share. The company will get approval of shareholders for the fund raising at its Extra-ordinary General Meeting on March 6.

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JK Tyre & Industries: The tyre maker plans to raise Rs 240 crore by executing a subscription and policy rights agreement with International Finance Corporation for issuance of 24,000 compulsorily convertible debentures (which carries an interest rate of 6% per annum, compounded cumulatively on a quarterly basis) at face value of Rs 1 lakh each of the company to IFC by way of a preferential issue on a private placement basis.

Bharat Petroleum Corporation: BPCL plans to raise Rs 1,500 crore in FY23 via NCDs on a private placement. BPCL is planning to raise up to Rs 1,500 crore during current financial year (FY23) through private placement of unsecured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on Debt Market segment of BSE and National Stock Exchange of India.

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Bharat Petroleum Corporation: BPCL is planning to raise up to Rs 1,500 crore this financial year (FY23) through private placement of unsecured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on Debt Market segment of BSE and National Stock Exchange of India.

BEML: BEML signs MoU with DMRC-led SPV for Bahrain Metro Rail project. The state-owned metro rolling stock manufacturer has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) led SPV. The SPV is shortlisted for constructing the Bahrain Metro Rail Project Phase-1. Company will be responsible for manufacturing and supply of metro rolling stock and DMRC will provide expertise in project development, budgeting and facilitating of contractual obligations.

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BEML: The state-owned metro rolling stock manufacturer has signed an agreement with the Delhi Metro Rail Corporation (DMRC) led SPV. The SPV is shortlisted for constructing the Bahrain Metro Rail Project Phase-1. Company will be responsible for manufacturing and supply of metro rolling stock and DMRC will provide expertise in project development, budgeting and facilitating of contractual obligations.

Asian Paints: Asian Paints arm to set up manufacturing facility at Dahej in Gujarat. Subsidiary Asian Paints (Polymers) has entered into a Memorandum of Understanding (MoU) with the Gujarat government to set up a manufacturing facility for vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) at Dahej. The company will make necessary disclosures on any material developments in this regard from time to time.

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Asian Paints: Subsidiary Asian Paints (Polymers) has entered into an agreement with the Gujarat government to set up a manufacturing facility for vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) at Dahej. It will make necessary disclosures on any material developments in this regard from time to time.

Camlin Fine Sciences: Thomas Videbaek resigns as Non-Executive Independent Director of Camlin Fine Sciences. Thomas Videbaek has resigned as Non-Executive Independent Director of the company with effect from February 23, 2023. He resigned due to personal reasons including the logistics around board meetings and other commitments.

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Camlin Fine Sciences: Thomas Videbaek has resigned as Non-Executive Independent Director of the company with effect from February 23, 2023. He resigned due to personal reasons including the logistics around board meetings and other commitments.

Lokesh Machines: Lokesh Machines in pact with government for incubation of laser additive manufacturing system. Lokesh Machines has entered into an incubation agreement with Raja Ramanna Centre for Advanced Technology (RRCAT), Government of India, Department of Atomic Energy (DAE), Indore. The agreement is for incubation of laser additive manufacturing system using powder-fed directed energy deposition. RRCAT is a premier R&D organization under the Department of Atomic Energy, Government of India, working in the areas of development and applications of lasers, particle accelerators and related technologies.

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Lokesh Machines: Lokesh Machines has entered into an incubation agreement with Raja Ramanna Centre for Advanced Technology (RRCAT), Government of India, Department of Atomic Energy (DAE), Indore. The agreement is for incubation of laser additive manufacturing system using powder-fed directed energy deposition. RRCAT is a premier R&D organisation under the Department of Atomic Energy, Government of India, working in the areas of development and applications of lasers, particle accelerators and related technologies.

GR Infraprojects: G R Infraprojects emerges as L1 bidder for two projects worth over Rs 3,600 crore. The company is emerged as L1 (lowest) bidder for two projects, for which tenders were invited by the National Highways Logistics Management. The projects include development, operation, and maintenance of Ropeways from Gaurikund to Kedarnath and from Govind Ghat - Ghangaria - Hemkund Sahib in Uttarakhand on Hybrid Annuity Mode, with a cost of Rs 1,875 crore and 1,738 crore respectively.

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GR Infraprojects: The company is emerged as L1 (lowest) bidder for two projects, for which tenders were invited by the National Highways Logistics Management. The projects include development, operation, and maintenance of Ropeways from Gaurikund to Kedarnath and from Govind Ghat - Ghangaria - Hemkund Sahib in Uttarakhand on Hybrid Annuity Mode, with a cost of Rs 1,875 crore and 1,738 crore respectively.

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Duke Offshore: The company has received a contract for it's vessel Duke Express. The contract is awarded by a multinational corporation and will be executed in The Republic of Maldives where the vessel will provide support for dredging operations. The vessel will be relocated abroad and the contract will commence in March 2023 for a period of one year plus optional extensions.

Ritco Logistics: Dhananjay Prasad resigns as CEO of Ritco Logistics, promoter Sanjeev Kumar Elwadhi to be new CEO. Dhananjay Prasad has resigned after completing 5-year tenure with Ritco Logistics as Chief Executive Officer (CEO) and decided not to continue for another term. Sanjeev Kumar Elwadhi, Promoter and MD of the company is going to be the new CEO for a tenure of 5 years.

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Ritco Logistics: Dhananjay Prasad has resigned after completing 5-year tenure with Ritco Logistics as Chief Executive Officer (CEO) and decided not to continue for another term. Sanjeev Kumar Elwadhi, Promoter and MD of the company is going to be the new CEO for a tenure of 5 years.

Buzzing Stocks: InterGlobe Aviation, BPCL, Asian Paints and others in news today

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