Daily Corporate Updates: November 27, 2024 {update}

Sonata Software Wins Multi-Million-Dollar Deal

Sonata Software has secured a significant modernization contract in Australia from a global client. The deal reinforces the company’s presence in international markets.

Waaree Renewable Technologies’ Solar Push

Waaree Renewable Technologies has received a term sheet worth ₹1,233 crore for construction work on a solar PV project. This marks a significant step in the company’s renewable energy portfolio.

Ujjivan Small Finance Bank Offloads Stressed Loans

Ujjivan Small Finance Bank has sold its stressed loan portfolio, valued at ₹270.4 crore as of September 30, 2024, to an asset reconstruction company via the Swiss challenge method for ₹40.6 crore.

PCBL Expands in Andhra Pradesh

The Andhra Pradesh government has allocated 116.6 acres to PCBL for establishing a chemical manufacturing unit. The project involves an investment of ₹3,718 crore.

Natco Pharma Sells Land in Telangana

Natco Pharma has sold 14.4 acres of land in Telangana for ₹116 crore, including associated infrastructure costs.

Godrej Properties Launches QIP

Godrej Properties has initiated a qualified institutional placement (QIP) at a floor price of ₹2,727 per share, approximately 4% lower than the current market price.

Ashoka Buildcon Bids for Madhya Pradesh Project

Ashoka Buildcon has submitted a bid for a project with Madhya Pradesh Poorv Kshetra Vidyut Vitaran, with the accepted bid price being ₹193 crore.

LIC Appeals Against GST Order

Life Insurance Corporation (LIC) has filed an appeal against a Maharashtra order demanding ₹530 crore in GST, including interest and penalties, for fiscal 2020.

Integrated Proteins Issues Equity Warrants

Integrated Proteins has allotted up to 2 crore convertible equity warrants to a non-promoter entity for a cash consideration of ₹11.25 per warrant.

Hathway Cables Acquires Subsidiary Stake

Hathway Cables and Datacom has acquired the remaining 61.15% equity stake in Hathway Cable MCN Nanded Pvt. Ltd. for ₹11.

Yes Bank Appoints New Chief Vigilance Officer

Yes Bank has appointed Binu Soman as its Chief Vigilance Officer for a three-year term starting December 14, 2024.

Adani Green Energy Expands Subsidiaries

Adani Green Energy’s arm, Adani Saur Urja (KA) Ltd., has incorporated two new subsidiaries: Adani Hydro Energy Two Ltd. and Adani Hydro Energy Three Ltd.

Ironwood Education to Discuss Fundraising

Ironwood Education’s board will meet on December 2 to discuss raising funds through a preferential issue, private placement, or other means.

Manaksia Coated Metals Plans Fundraising

Manaksia Coated Metals and Industries will meet on December 2 to finalize plans for raising funds via a preferential issue, private placement, or other means.

Stay tuned to Moneyphobia for more detailed updates on corporate developments and market trends!