Bharti Airtel, Maruti Suzuki and Gayatri Highways to see some action today

Bharti Airtel has further agreed for acquisition of additional 2,914,100 equity shares, approximately 3.33 percent, in Avaada MHBuldhan, a special purpose vehicle formed for the purpose of owning and operating captive power plant, in terms of the regulatory requirement for captive power consumption under electricity laws. The transaction is expected to be completed by April 30.

Maruti Suzuki India is going to increase the prices of vehicles in April 2021. This price increase shall vary for different models. Over the past year the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in April, 2021.

Gayatri Highways has proposed to acquire 12.71% of Equity Share Capital in HKR Roadways from the Existing Shareholder of the HKR Roadways. The Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Gayatri Highways 5,89,997 fully paid up equity shares of face value of Rs 10 each aggregating to Rs 58,99,970. As Gayatri Highways is engaged in infrastructure industry, the investment in HKR Roadways would be very beneficial for the future growth prospects.

Sundaram Finance Holdings has received approval from board of directors for the acquisition of 650 equity shares of Rs 1,00,000 each, representing 6.84% in Flometallic India (FIPL), a company engaged in the manufacture of iron castings, for the automotive industry, from the individual shareholders of FIPL for a total consideration not exceeding Rs 13,00,00,000, excluding stamp duty, applicable taxes and other expenses, if any. The proposed transaction is likely to be completed by end of June 2021. After this proposed acquisition, company's stake in FIPL will increase from 40.00% to 46.84%.

Havells India is expecting good sales of its fan business this summer and is also providing innovative solutions in the segment. The company, which has already attained pre-COVID levels and reported growth in sales of fans in the third quarter, expects to continue the growth momentum. The company is betting on the premium category fans, which are Rs 3,000 and above and are nearly 8-10 percent of the market share. The company has geared up new launches in the segment to harness the sales potential of premium fans, which are largely driven by the replacement market.

HCL Technologies (HCL) has declared its support for RISE with SAP, an offering by SAP that helps clients take their business-critical elements into the cloud, thereby accelerating their digital transformation and the value realization of their investments on their journey to becoming an “intelligent enterprise.” HCL’s partnership with SAP will enable organizations to move to the cloud SaaS model of RISE with SAP using HCL’s digital and application capabilities, while leveraging their existing investments in SAP configuration and extensions.

ITC has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to execute a Watershed Development Programme, covering over 1 million acres and 100 watersheds in across the state. The MOU is a part of ITC's Sustainability 2.0 agenda which encompasses forging meaningful public-private-people partnerships to amplify impact and reach. It also aims at building the climate resilience of farmers by ensuring water security.