Motherson Sumi Techniques: The corporate has accomplished the acquisition of a 55 % stake in CIM Instruments Non-public Restricted, one of many main suppliers in aerospace provide chain based mostly in Bengaluru. CIM in flip holds 83% in Aero Therapy (ATPL) and 49.99% in Lauak CIM Aerospace (JV with Lauak Worldwide, LCA). The three founders, Srikanth GS, Umesh AS and Vishwanath Deshpande, retain the remaining 45% stake in CIM. For the reason that preliminary announcement in October 2021, CIM’s order e book has grown 26% to $252 million.
Titan Firm: The corporate in a BSE submitting stated jewelry enterprise in Q4FY22 declined by 4% yoy, with addition of 16 shops throughout the quarter, however watches & wearables enterprise registered 12% progress yoy with addition of 34 shops. Its Eyecare phase reported 5% progress yoy with addition of 51 shops throughout the quarter.
Zee Leisure Enterprises: Invesco Growing Market Funds will launch a block deal to promote 7.8% stake within the firm on April 7, however will proceed to carry remaining 11% stake. Invesco reaffirmed perception that Zee Sony deal has an incredible potential.
IDFC: IDFC and a consortium comprising Bandhan Monetary Holdings, GIC and ChrysCapital have entered right into a definitive settlement to accumulate IDFC Asset Administration Firm and IDFC AMC Trustee Firm, from IDFC, for Rs4,500 crore. The corporate has declared an interim dividend of Re 1 per fairness share.
Asian Granito India: The corporate in its BSE submitting stated its Rs441 crore Rights subject will open for eligible shareholders on April 25. The corporate has mounted April 12 as document date for the aim of figuring out the fairness shareholders eligible to obtain the rights entitlement within the rights subject. The Rights Entitlement Ratio is 37:30. The corporate will provide 7 crore fairness shares by way of this Rights subject.