Tech Mahindra, Mankind Pharma and Garden Reach Shipbuilders to see some action today

Tech Mahindra has partnered with IFS, the global cloud enterprise software company, to foster operational excellence and workforce productivity of enterprises. As part of this partnership, Tech Mahindra will be the exclusive distributor of IFS technology in India, including the IFS Cloud platform which delivers intelligence and automation across Field Service Management, Enterprise Resource Planning (ERP) and Enterprise Asset Management (EAM). 

Mankind Pharma has received approval for the incorporation of a wholly owned subsidiary (WOS) by the name Mankind Medicare or any other name approved by Registrar of Companies, Ministry of Corporate Affairs. The Board of Directors of the company in their meeting held on August 24, 2023, has approved the same. 

Garden Reach Shipbuilders & Engineers has signed memorandum of understanding (MOU) with DEMPO Group, Goa, to launch a collaboration model to build commercial vessels in their shipyards at Goa and Bhavnagar, Gujarat.

Hero MotoCorp has introduced the New Glamour. The refreshed avatar of Glamour is the latest addition in the company’s exciting range of technologically-advanced and attractively designed products in the 125cc segment. The new Glamour impresses with its timeless yet perfectly measured balance of aesthetics, high-practicality and efficiency. It rides on the stylish design which made it a household brand transcending age groups and generations.

Spandana Sphoorty Financial has raised Rs 50 crore through allotment of 5000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 on a private placement basis in demat form. The Management Committee of the Board of Directors of the Company vide its resolution dated August 24, 2023, has approved and allotted the same.  

Supreme Industries has signed a Memorandum of Understandings (MoUs) subject to due diligence with Parvati Agro Plast (Proprietorship Firm) and with a member belonging to the same family on August 24, 2023, for acquisition of its PVC-O, HDPE, and PVC Pipes business, on Slump Sale basis comprising of all tangible fixed assets, tools, moulds & dies, spare parts, all intangible fixed assets including trademarks & Intellectual property rights, all licenses, approvals & permissions, contract for power & other utilities and all material contracts, orders and rate contracts in hands of about Rs 235 crore including adjoining contiguous land at an aggregate cash consideration of Rs 171.00 crore.

The Board of Directors of Flexituff Ventures International at their meeting held on Thursday, August 24, 2023, have considered and approved the sale of Flexible Intermediate Bulk Container (FIBC) Business of Pithampur unit of the Company to Flexituff Technology International, subsidiary of the Company. The consideration to be received is Rs. 290.00 crore and plus minus 10% as per pertaining terms and conditions.