Brookfield REIT: To acquire Seaview Developers for Rs 3,966.3 crore. Will get 4.5 million sq. ft. of office space in Noida.
Future Retail, Reliance Industries: Competition Commission of India imposes a Rs 200 crore penalty on Amazon for failing to identify and notify strategic interest over Future Retail. Deal between Amazon and Future Retail revoked.
GAIL, Gujarat Alkalies and Chemicals: Companies entered MoU for setting up 500 kilolitres per day bio ethanol plant in Gujarat and exploring other business opportunities of mutual interest.
IRCON International: Entered into share subscription agreement with Ayana Renewable Power Private Limited to set up 500 MW solar power plant through joint venture.
UltraTech Cement: Commenced operations from its bulk terminal at Kalamboli, Navi Mumbai. This is the 7th bulk terminal of the company.
Kotak Mahindra Bank: To acquire 7.5% stake in Entroq Technologies Pvt. Ltd. for Rs 3 crore.
Vakrangee: Vakrangee Digital Ventures Ltd., a subsidiary of the company ties up with Upstox to offer online trading account opening services.
Mystic Electronics: To consider stock split of the equity shares of face value of Rs 10 on Jan. 4.
CEAT: CARE Ratings reaffirmed AA, A1+ and A1+ ratings to long-term banking facilities, short-term banking facilities and commercial papers, respectively.
Hero MotoCorp: Launches Retail Finance Carnival, offers zero down payment, zero rate of interest and zero processing fee to customers.
Safari Industries: Purchases land in Gujarat for setting up luggage manufacturing unit.
IRB Infrastructure: Selected as contractor expressway construction in Uttar Pradesh. Contract is for Rs 6,555 crore. Total order book now stands at Rs 19,210 crore including construction order book of Rs 12,677 crore, providing revenue visibility for the next three years.
RBL Bank: Authorised to collect direct and indirect taxes.
Indiabulls Real Estate: Board to meet on Dec. 22 to discuss raising funds.