City Union Bank:
For the year ending March 2022, the private sector lender reported a divergence in NPAs of Rs259 crore, comprising of 13 borrower accounts for an amount of Rs230 crore and 218 borrowers for an amount of Rs29 crore.
Dabur India:
The Burman family, who are the promoters of the domestic FMCG giant, have raised money by selling shares on the open market that represent around 1% of the company.
Bharti Airtel:
Under its startup accelerator program, the telecom operator paid an undisclosed sum for a strategic share of about 8% in Lemnisk.
Uno Minda:
To expand its line of advanced vehicle sensors, the auto player signed a licensing deal with Ascentec, Korea.
Visaka Industries:
The manufacturer of building materials stated that the West Bengal factory, which will cost Rs130 crore, will be operational by August 2023.
Reliance Capital:
The Mumbai-based NBFC Cosmea Financial Holdings has withdrawn from the competition to purchase the insolvent company through an insolvency run bid procedure.
Sundaram Finance:
The non-banking financial company and Care Health Insurance have agreed to work together to provide consumers with specialized health insurance options.
Jubilant Ingrevia:
The company that deals in specialized chemicals issued commercial papers to raise Rs150 crore.
Shyam Metallics and Energy:
The metal company said that by acquiring Mittal Corp Ltd through an NCLT-led resolution procedure, it had entered the stainless steel market.
VIP Clothing:
The textile company recently raised Rs10.41 crore by selling its facility in Umbergaon.
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