Westlife Development, Grasim Industries and UGRO Capital to see some action today

Westlife Development, the owner and operator of McDonald’s restaurants in the west and south of India, is planning to invest around Rs 800-1,000 crore in the business over the next 3-4 years. The company will add around 200 additional restaurants in its network and revamp existing stores with enhanced digital capabilities such as self-ordering kiosks and table services.

Grasim Industries has executed a Supplemental Share Subscription agreement with Renew Green Energy Solutions (Renew) & Renew Surya Uday and Power Purchase Agreement with Renew Surya Uday (Power Producer). The purpose of entering into the agreement is to operate and maintain 16.68 MW Wind-Solar Hybrid power plant in the State of Gujarat (the Project) wherein the power generated will be supplied exclusively to Grasim under the Captive Rules. The Project will be operated by Renew Surya Uday (Power Producer).

UGRO Capital and Kinara Capital have entered into a strategic co-origination partnership to offer collateral-free business loans to small business entrepreneurs in India. Together, both companies plan to disburse Rs 100 crore by the end of FY2022 to MSMEs in Manufacturing, Trading and Services sectors.

Libas Consumer Products has introduced India’s first ever ‘Anti Covid Gargle Tablet’. This product will be sold in 100 gram and 200 gram bottles. This product has very high PH of 9 to 11 and works as anti corona to be used with hot water at regular intervals. Gargling with this product in hot water two-three times a day reduces the chances of infection. The product will be available through online channel and on company’s e-commerce website.

Hero MotoCorp has introduced a range of new and exciting retail finance schemes for customers. Adding cheer to the ongoing festive season, the company is making numerous finance offers available to customers through a wide range of partners. The innovative financial products such as No-Hypothecation, No cost EMIs, and Cash EMI (loan without a bank account), ensure that customers can bring home their preferred Hero MotoCorp product hassle-free.

Apollo Tyres has launched Apollo EnduRace RAT, an all-wheel fitment radial tyre for commercial vehicles. Produced at company’s state-of-the-art facility in Chennai, these tyres have been tested extensively, both inhouse and in real world applications with the end users, before the launch.

Bayer CropScience has approved sale of its traded seeds business, along with property in Telangana, to Crystal Crop Protection on a slump sale basis for a total consideration of Rs 62 crore.