Inox Wind, Minda Industries and Paisalo Digital to see some action today

25 May 2022 Evaluate

Inox Wind’s board has approved issuance of 990 rated, listed, secured, redeemable, non-convertible debentures (NCDs) having a face value of Rs 10 lakh each aggregating up to Rs 99 crore. The NCDs will have coupon rate of 9.75 per cent per annum payable annually with a tenure till April 30, 2025.

Minda Industries has received approval to invest in the equity shares of Tokai Rika Minda India (Tokai Rika Minda) under right issue, aggregating to Rs 25 crore. Tokai Rika Minda is a Joint Venture between Tokai Rika Co, Japan (TRJ) and Minda Industries in which TRJ holds 70% equity shares and Minda Industries holds 30% of equity shares of the said company, engaged in the manufacturing of safety and security systems, electronic components and automotive switches.

Paisalo Digital has entered into a co-lending loan agreement with UCO Bank. This is in conformity the RBI circular on Co-lending of loans as released on November 5, 2020. Earlier in December 2021, the company had signed co-lending loan agreement with Punjab National Bank (PNB).

Ion Exchange (India) has been awarded by JESA, Morocco, a Engineering, Procurement, Construction and Commissioning (EPCC) contract for design, installation of Sea water treatment plant on CFR basis at contract value of Rs 148 crore. The project is to be constructed and commissioned within 10 months from the date of Letter of Acceptance.

Dollar Industries is aiming to become a Rs 2000 crore company by 2024-25 and will invest Rs 120 crore by the same year to double its spinning capacity. As a part of its Vision 2025, the company has earmarked Rs 120 crore for expansion and new launches. It would set up one more spinning mill at Dindugul in Tamil Nadu and start a new world-class warehousing facility cum hosiery park at Jagdishpur in West Bengal.

UCO Bank has signed a co-lending agreement with NBFC Paisalo Digital for agriculture business to capitalize on the huge Rs 8 lakh crore market of small-ticket loans for the 365 million underbanked and under-serviced population.

Tiger Logistics (India) is all set to launch a cutting-edge price discovery and supply-chain automation platform, aiming to bring in efficiency and transparency to the highly fragmented shipping sector of the country. This will in turn make shipping accessible to more than 63 million SMEs and MSMEs.

ION Exchage Share Price

506.00 13.00 (2.64%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
BHEL 247.20
Bharat Electronics 201.45
Thermax 4168.00
Kirloskar Oil Eng 859.25
Praj Industries 532.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.