Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement to acquire a 26 per cent equity stake in Solis Urja Energy Private Limited for Rs 17.5 million. The acquisition involves 1,750,000 equity shares worth Rs 17.5 million to be acquired in one or more tranches. With this acquisition, the company will source solar power as a captive consumer for a capacity of up to 7 MWp.
AG&P Pratham and THINK Gas announce merger
AG&P Pratham and THINK Gas have announced the merger of brand identities under a single brand, THINK Gas. The merged entity will now operate in 50 districts across 10 states, covering around 10 per cent […]
NaBFID raises Rs 50 billion through bond issuance
NaBFID has raised Rs 50 billion through the issuance of long-term bonds. The 15-year bonds carry a coupon rate of 7.25 per cent with a face value of Rs 100,000 each. The issue size comprised […]
Views of K. Rajaraman: “Optical fibre is the backbone of India’s digital economy”
The Department of Telecommunications (DoT) has been playing a crucial role in promoting the expansion of optical fibre cable (OFC) networks in India. Government initiatives such as the easing of right-of-way (RoW) access for telecom […]