MoneyWorks4Me

BLS International Services, Trident Lifeline and Kings Infra Ventures to see some action today

13 Sep 2024 Evaluate

BLS International Services (BLS) has signed a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. The acquisition value of 100% stake is $31.0 million (Rs 260 crore) and the transaction would be funded through internal accruals. The transaction is expected to be completed by October 31, 2024, subject to necessary approvals. 

Trident Lifeline has successfully commenced commercial production at new Manufacturing plant situated at Talangpor, Chorasi, Surat, Gujarat with effect from September 12, 2024. The New Manufacturing unit installed with manufacturing capacity of 50,000 Syrup Bottle and 50,000 Ointments per day. 

Kings Infra Ventures has raised Rs 55.50 lakh through the allotment of 5550 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each. The Debenture Committee of the Company has, at its meeting held on September 12, 2024, allotted the same. 

Tata Power Company’s subsidiary -- Tata Power Renewable Energy’s (TPREL) subsidiary -- Tata Power EV Charging Solutions has signed Memorandum of Understanding (MoU) with Tata Motors to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities viz. Mumbai, Delhi, Chennai, Bengaluru, Kolkata. This strategic move expands their ongoing collaboration, in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles.

Tech Mahindra has entered into a strategic partnership with Discai, a BankTech company and 100% subsidiary of the KBC Group. The partnership will deliver a comprehensive, AI-powered Anti-Money Laundering (AML) solution that is developed, tested and validated to enhance transaction monitoring and ensure regulatory compliance for financial institutions. The partnership combines Tech Mahindra’s extensive IT integration experience with Discai’s state-of-the-art Artificial Intelligence (AI) and rule-based AML technology to offer financial institutions a reliable, compliant, and seamlessly integrated AML solution.

HPL Electric & Power has received work orders/Letter of Award (LoA) of Rs 143.77 crore (inclusive of tax) from its regular leading customers for the supply of smart meters & conventional meters in the normal course of business, which is to be executed as per the terms & conditions of LoA/work orders.

Life Insurance Corporation of India (LIC) has increased its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to around 9.3 per cent. The increase was achieved through open market purchases, raising LIC's holdings in the company to 9.298 per cent, from 7.278 per cent.


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