HDFC Bank
HDFC Bank received approval from the Reserve Bank to sell its 90% stake in the education loan company HDFC Credila- a move that will boost private lender’s income in the fourth quarter.
Reliance Industries
Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, Bloomberg reported.
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Mahindra Holidays
Mahindra Holidays and Resorts plans to invest up to Rs 4,500 crore in the next three to four years to double its room capacity to 10,000.
Transformers and Rectifiers
Transformers and Rectifiers (India has been awarded orders worth Rs 232 crores from Power Grid Corporation.
ZEE
Zee Entertainment Enterprises (ZEE) said its board has constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of speculations.
Ashok Leyland
Ashok Leyland said it has acquired 49.9% stake in TVS Trucks through an investment of Rs 25 crore.
Kotak Mahindra Bank
Zurich Insurance will acquire a 70% stake in Kotak General by way of a combination of primary and secondary acquisitions in a single tranche, for a total consideration of Rs 5,560 crore.
Punjab & Sind Bank
The Board of Punjab & Sind Bank will meet on February 28 to consider raising funds up to Rs 2,000 crore.
LIC Housing
LIC Housing Finance has informed the exchanges about a Board Meeting that will be held on March 7 to consider fundraising.
Paytm
An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank’s action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue.
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