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NCL Industries, Tata Motors and Power Finance Corporation to see some action today

25 Jan 2021 Evaluate

NCL Industries has inked Share Purchase Agreement (SPA) with United Spirits for acquisition of 100% shareholding consisting of 102,676,347 equity shares of Rs 10 each in Tern Distilleries (TDPL) for a total consideration of Rs 30 crore.

Tata Motors has launched the i-Turbo petrol variant of its premium hatchback Altroz at an introductory price increment of Rs 60,000 above the existing petrol variants of the model. The company has also added a new top of the line XZ+ variant in petrol and diesel fuel options to the Altroz range. It is priced at Rs 8.26 lakh for the petrol variant and Rs 9.46 lakh (ex-showroom Delhi) for the diesel option.

Power Finance Corporation (PFC) has raised $500 million (Rs 3,651 crore) through issuance of notes (bonds) under its $5 billion Global Medium Term Note Programme. The company launched issuance of $500,000,000 3.35 percent notes due 2031 under the $5,000,000,000 Global Medium Term Note Programme.

Apollo Hospitals has raised Rs 1,169.99 crore through allotment of shares to the qualified institutional buyers (QIBs). Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased from Rs 69,56,25,795 consisting of 13,91,25,159 equity shares to approximately Rs 71.89 crore consisting of 14,37,84,657 equity shares.

United Spirits (USL) has entered into a definitive agreement for sale of its entire shareholding in its wholly owned subsidiary -- Tern Distilleries, to NCL Industries for consideration of Rs 30 crore. Upon completion of the above sale, Tern Distilleries will cease to be a subsidiary of the Company.

Reliance Industries has completed spin-off of the firm's oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships. The oil-to-chemical (O2C) business unit holds Reliance's oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business.

The government has given approval to Aurobindo Pharma under the PLI scheme for promotion of domestic manufacturing of critical bulk drugs. The Production Linked Incentive (PLI) scheme aims at promotion of manufacturing of critical key starting materials (KSMs)/drug intermediates and APIs in the country.

Reliance Industries Share Price

1365.10 21.65 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
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