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.
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 […]
NHAI to invest over Rs 150 billion in Uttar Pradesh Highway Projects
The National Highways Authority of India (NHAI) plans to invest over Rs 150 billion in new highway projects across Uttar Pradesh to enhance cargo and passenger movement. Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, […]