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Apollo Hospitals Enterprise, NBCC (India) and Suzlon Energy to see some action today

05 Sep 2024 Evaluate

Apollo Hospitals Enterprise’s unlisted material wholly owned subsidiary -- Apollo Healthco has incorporated its wholly owned subsidiary by the name Apollo 24/7 Insurance Services, on September 3, 2024. Consequent to the incorporation of Apollo 24/7 Insurance Services, it became a Wholly Owned Step-Down Subsidiary of the company. 

NBCC (India) has signed Memorandum of Understanding (MoU) with RITES on September 04, 2024. This MoU aims to achieve the effectiveness of synergy and cooperation on a long-term basis to explore combined business interest in relation to the development, financing and execution of projects across India and Overseas. The MoU is in the normal course of business of the Company.

Suzlon Energy has executed a Conveyance Deed with OE Business Park (OEBPPL) for sale of One Earth Property, being its corporate office. OEBPPL is a special purpose vehicle, shares of which are held by funds managed by 360 ONE Alternates Asset Management. On completion of the sale, the One Earth Property would be leased back to the Company for a period of up to 5 years with sub-leasing and licensing rights. Further, the Company has also entered into agreements with the holders of the securities issued by OEBPPL providing the Company with a call option to purchase and granting the holders of the securities a put option to sell the securities.

Best Agrolife’s wholly owned subsidiary -- Seedlings India has been granted a patent by the Indian Patent Office-Government of India for an invention entitled 'Synergistic Pesticidal Composition Comprising Plant Growth Regulator with Neonicotinoid Insectcide' for the term of 20 years commencing from August 24, 2021 in accordance with the provisions of the Patents Act, 1970.

Cellecor Gadgets has launched its latest range of laptops and 5G smartphones this September, just in time for the festive season. The Cellecor 5G smartphone offers versatile storage options, Android 14.0, and sleek design, catering to various user needs. The new laptop lineup includes models for both mobility and performance, featuring Intel processors and high-resolution displays. Committed to ‘Education for All Affordable,’ it aims to make cutting-edge technology accessible. These products will soon be available at leading retailers. It continues to innovate in the consumer electronics space, offering high-quality, and affordable products.

Prestige Estates Projects has raised Rs 5,000 crore via a Qualified Institutional Placement (QIP) by issuing 2,98,68,578 equity shares at Rs 1,674 each, a discount of 4.62 per cent on the floor price.

Adani Enterprises’ first retail bond issue, aiming to raise up to Rs 800 crore, has reportedly been fully subscribed. The company has also set up a subsidiary in Kenya to pursue a potential acquisition of Nairobi's Jomo Kenyatta International Airport, with an estimated investment of up to $810 million.

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