Tata Power Limited: The company informed the exchanges that it has signed a agreement with Indraprastha Gas Limited for establishing rooftop solar projects in the country.
Mindtree Ltd: The Company said Laren and Toubro (L&T) has made a cash offer of Rs980 per share to acquire 5.13-crore shares representing 31percnet of the voting share-capital from its shareholders.
Dr. Reddy’s Laboratories Ltd: The Company through its arm Promius Pharma announced sale & assignment of the U.S rights for its marketed dermatology brands to Encore Dermatology.
Nitesh Estates Ltd: The Real estate company intends to sell 3 plots in southern India to raise Rs440.00-Crore over the next three to four months and use the proceeds to decrease debt.
IPO watch: Metropolis Heathcare: The diagnostics company has raised Rs530-Crore on Tuesday by allotting 60.24-Lacs shares to 26 anchor investors at 880 apiece. The 1200-crore offer, which will run from 3rd April 5th April, consists of about 15.3 mn shares.
Rail Vikas Nigam: The Initial Public Offering by Rail Vikas Nigam Limited (RVNL) was subscribed 48% on the 3rd of the bidding process on Tuesday. The IPO was subscribed 9% on Day first and 18-times on second-day of the bidding process on Friday & Monday, respectively and the issue closes today.