MoneyWorks4Me

Yatharth Hospital, Jupiter Wagons and Zaggle Prepaid Ocean Services to see some action today

31 Oct 2024 Evaluate

Yatharth Hospital and Trauma Care Services has entered into a strategic collaboration agreement for the acquisition of a around 60% stake in a 400 bedded-hospital in Faridabad, Haryana. The hospital, built on approximately 2 acres of land, has completed its structure and is expected to be operational by start of the next fiscal year. This acquisition will enhance Yatharth Hospitals positioning as the leading healthcare provider, with the largest bed capacity in the Faridabad region. 

Jupiter Wagons’ subsidiary-- Jupiter Electric Mobility (JEM) has acquired Log9’s technology and business assets for its Railway Battery and Electric Truck Battery Divisions. This acquisition marks a significant advancement in JEM’s mission to revolutionize the electric mobility landscape in India by expanding its portfolio with cutting-edge battery solutions tailored for both the electric truck segment and Indian Railways. 

Zaggle Prepaid Ocean Services (Zaggle) has entered into an agreement with TBO TEK for Travel and related services along with solution integration. Partnership agreement aims to offer business travel for Zaggle's clients through TBO-Paxes interface.

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, has launched the Finacle Data and AI Suite, a set of solutions to empower banks to infuse AI into their digital operations and accelerate their enterprise AI journey. The suite will offer a comprehensive set of platforms that enable banks to build low-code, predictive as well as generative AI solutions from the ground up with high transparency and explainability. It will help banks scale their data readiness, industrialize AI model development, apply generative AI technologies, and deliver actionable insights across their entire ecosystem.

Muthoot Capital Services has received approval for the issuance of 10,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs. 1,00,000 aggregating to Rs 100 crore, for a tenor of 13 months from the deemed date of allotment, on private placement basis. The NCDs have a coupon rate of 9.97 % p.a. payable annually and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee held on October 30, 2024 has approved the same. 

Rail Vikas Nigam (RVNL) has received a letter of acceptance worth around Rs 284 crore for construction work from East Coast Railway.  

The Board of Directors of Zydus Wellness at their meeting held on October 30, 2024 has approved entering into the Share Purchase Agreement (SPA) with the Promoters and other shareholders (the Sellers) of Naturell (India) (the Target) to acquire 1,50,78,605  equity shares of Rs 1/each fully paid-up (the Sale Shares), representing 100% of the paid-up share capital of the Target, from the Sellers at a consideration of Rs 390 crore and subject to the terms and conditions as mentioned in the SPA.

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