Wipro, Mphasis and Rossari Biotech to see some action today

Wipro and Finastra, the largest pure-play software vendor that serves the entire financial services industry, have entered into partnership to help corporate banks across AsiaPacific accelerate their digital transformation. The companies will create a unique offering that combines Wipro’s comprehensive services catalogue with Finastra’s front-to-back trade finance and cash-management solutions. The partnership will help banks make this transition quickly through access to Wipro’s service portfolio, from consulting and digital to infrastructure and operations, and Finastra’s leading solutions - Fusion Trade Innovation and Fusion Cash Management.

Mphasis, Government of Alberta and the University of Calgary (UCalgary) have entered into strategic partnership to spur economic growth and high-quality job creation within the technology sector in Alberta which will create 500 -1000 technology jobs, to ‘Sparkle Calgary’ by introducing experiential learning programs with Mphasis proprietary platform and to establish Quantum City Centre of Excellence (CoE) to strengthen the UCalgary innovation ecosystem by creating a hub for companies focused on the commercial development of Quantum technologies.

Rossari Biotech is planning to acquire 100 percent of the equity capital of Unitop Chemicals, a supplier of surfactants, emulsifiers, and specialty chemicals. The company further stated that 65 per cent of the equity share capital will be acquired upon closure of the transaction, and the balance 35 per cent over the next two years. The total consideration for the acquisition of a 100 per cent equity stake is Rs 421 crore.

Shriram Transport Finance is considering raising of funds by way of issue of one or more instruments including equity shares, convertible securities of any description or warrants through preferential issue subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. Board of Directors of the Company is scheduled to be held on June 7, 2021 to consider the same.

Goldiam International has completed the additional acquisition of 37% of Partners Capital of Eco-Friendly Diamonds LLP on June 1, 2021 by investing of Rs 8,33,69,510.

Onward Technologies has incorporated wholly owned subsidiary namely ‘Onward Technologies Canada, Inc’ situated at 305-381 Front Street West Toronto, Ontario, Canada. The object of wholly-owned subsidiary would be in the field of Engineering Research and Development (ER&D), Digital Transformations and Information Technology Services.

Reliance Infrastructure’s board will meet this week to consider raising of long-term resources from domestic and/or global markets, inter alia, by issue of equity shares/equity linked securities/ warrants convertible into equity shares, by way of preferential issue and/ or qualified institutional placement and/or rights issue or any other method. Infusion of fresh liquidity will enhance the company's financial flexibility and enable it to become a zero-debt company by March next year.