Bharti Airtel, Mahindra Lifespace Developers and VA Tech Wabag to see some action today

Bharti Airtel is planning to acquire 20 percent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore. The Warburg Pincus affiliate, Lion Meadow Investment, had acquired 20 percent equity stake in Bharti Telemedia for Rs 2,310 crore in 2018 after the announcement of deal in December 2017. The proposed transaction is part of Airtel's strategy to align the shareholding of its customer facing products, services and businesses under the same holding group.

Mahindra Lifespace Developers has successful launched Happinest Tathawade, a first-of-its-kind ‘Fusion Homes’ residential project in Pune. A pioneering residential format, ‘Fusion Homes’ at Happinest Tathawade cater to the full spectrum of living needs of each user. Innovative space utilisation at the project makes it easier for residents to seamlessly switch between their personal and professional lives, provides undisturbed personal space within a thriving community environment, caters to new age fitness needs and enables a deep connect to nature.

VA Tech Wabag has completed the Financial Closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). WABAG had earlier signed a Rs. 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG') which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewage treatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata. WABAG will execute Engineering, Procurement and Construction (EPO) portion of this project over 24 months followed by O&M of 15 years.

Phillips Carbon Black has commissioned two specialty black lines at Palej, in Gujarat for production of wide range of specialty black products totalling about 32,000 MTPA to service the growing needs of its customers.

Mphasis has entered into a strategic collaboration with London and Bengaluru-based financial analysis company Frontline Analysts, a leading provider of global analyst teams for the finance industry. The partnership enables financial institutions to capitalise on digital transformation by integrating judgment-based analysis into the design and implementation of existing services. Further, clients can benefit from tackling other parts of the value chain such as risk modelling and loan credit analysis.

SP Apparels has received fresh orders of Rs 25 crore, with this company’s order book stands at Rs 240 crore on February 17, 2021.

Hatsun Agro Product has became India's largest retail network with 3600 outlets present across Tamil Nadu, Andhra Pradesh, Telangana, Puducherry, Kerala, Gujarat, Goa, Maharashtra, Karnataka, Chhattisgarh and Orissa. The company inaugurated its 2500th HAP Daily outlet for milk and curd distribution in Sattenapalle Town, Guntur District, AP and 151st Ibaco outlet in Bhimavaram, Andhra Pradesh. This together with 949 outlets of HAP Daily (Icecream retail and distribution) and Oyalo makes the company the owner of the largest retail brand network in India with more than 3600 franchisee run outlets.