State Bank Of India

State Bank of India (SBI) has entered into an agreement dated June 28, 2022 in relation to an Investment in the equity shares of Perfios Account Aggregation Services (Perfios AA). Post investment, SBI will hold 9.54% shareholding (on a fully diluted basis) in Perfios AA through subscription of 8,05,520 equity shares.

Bajaj Consumer Care is planning to launch new products in different categories under its flagship Bajaj Almond Drops brand as it seeks to tap on the equity of the popular hair oil label. The plan to introduce new products under the Bajaj Almond Drops umbrella is part of the company's three-pronged long-term strategy to drive growth that includes completing the hair oil portfolio and launching of direct to consumer brands.

Godawari Power & Ispat has acquired 37,79,220 equity shares of Alok Ferro Alloys (AFAL) at a fair value comprising of 78.96% of the paid-up capital of AFAL. The shares have been acquired at Fair Market Value i.e. Rs 336 per share. The objective of acquisition is to control majority stake in AFAL.

Maruti Suzuki India has introduced EECO CARE Ambulance Shell across all its ARENA dealerships.  EECO CARE Ambulance Shell comes without Stretcher, Rail assemble & Oxygen clamps. This Shell vehicle will need to be fabricated by a fabricator of customer's choice as per AIS-125 compliance, to be registered as an Ambulance. The EECO CARE Ambulance Shell will be available at Ex-showroom price of Rs 590,000 (Ex-Showroom, Delhi)). The same shall be effective from June 28, 2022.

Hazoor Multi Projects has received work order from Nagpur Mumbai Super Communication Expressway for execution of change of scope work from ch.502.698 to ch.532.094 (Village Dhotre to Village Derde Korhale) in District Ahmednagar of package-11 on EPC mode for Rs 14.11 crore.

Jammu and Kashmir Bank (J&K Bank) will raise up to Rs 2,000 crore, through a mix of debt and equity, in the current fiscal year 2022-23. The board of directors of the bank, in its meeting held on June 28, approved the capital raise plan. The board approved to raise equity capital up to Rs 500 crore in one or more tranches by way of rights issue/ preferential allotment, private placement/ qualified institutional placement or a follow on public offer or any other approved route. It has also approved to raise up to Rs 1,500 crore capital by way of issuance of Basel III compliant tier II bonds in the nature of non-convertible debentures on a private placement basis.

Confidence Petroleum India’s Go Gas brand has appointed Ajay Devgn as its new brand ambassador. This is the first time Go Gas is using celebrities to promote its Brand. The association with Devgn will further enhance the reach of the brand GoGas through digital & traditional media platforms. Go Gas aims to further strengthen its brand recognition and reach across the country with its association with the celebrity.