HDFC Bank Ltd.

Borosil Renewables and the Interfloat group of companies have announced the signing of a binding cash and stock deal enabling BRL to acquire a 100% stake in the Interfloat Group. Interfloat Group consists of two companies – GMB Glasmanufaktur Brandenburg GmbH (GMB), based near Berlin, and Interfloat Corporation, based in Liechtenstein. GMB is the largest solar glass producer in Europe with a current capacity of 300 TPD (tons per day). It has manufactured glass for Europe’s solar (solar PV as well as solar thermal) and greenhouse glass markets since 2010. Interfloat has been servicing customers in Europe for close to 40 years and has deep-rooted relationships with the glass trade in the region.

Veranda Learning Solutions (Veranda) has signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities Pvt Ltd). For a consideration of Rs. 287 crore, this 100% acquisition will be in a phased manner with 80% of the outstanding capital along with management control in phase 1, followed by the purchase of the remaining 20% at the end of two years (subject to the fulfillment of closing conditions).

Shriram Transport Finance Company has raised Rs 100 crore through the allotment of senior secured rated, listed, redeemable, Non-convertible debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held April 25, 2022, has approved and allotted the same.

Oriental Carbon & Chemicals has incorporated a wholly-owned subsidiary namely OCCL. The company has subscribed to 10,000 equity shares at the face value of Rs 10 each aggregating to Rs 1 lakh in cash. It is contemplated that OCCL shall carry on the business of manufacturing, sale purchase, etc. of all type of chemicals and chemical products and providing all services and utilities for the same and/or to carried out other related activities.

Bank of India’s board has approved the capital raising plan upto Rs 2,500 crore by issue of fresh Equity Capital in the form of QIP / FPO / Preferential Issue. The main purpose of capital raising plan is to increase the minimum public shareholding from the present 18.59% to 25% or above in order to comply with the minimum public shareholding requirements as per the Security Contracts (Regulation) Rules, 1957 and SEBI (LODR) Regulations, 2015.

HDFC Bank has opened a new branch in the city, its 50th branch in the district. The bank plans to add seven more branches in the district, which has a total business of Rs 9,821.40 crore of advances and Rs 6,605.50 crore of deposits, with the total business of Rs 16,427 crore at the end of December 21 2021.

Suryoday Small Finance Bank has chosen Kyndryl, the world's largest IT infrastructure services provider, to drive its technology transformation program, improve operational efficiency, and increase digital banking adoption among its customers as part of a five year transformation partnership.