Religare to Demerge Financial Services; Ixigo Acquires Train Booking Platform in Spain
Religare Enterprises will demerge its financial services and insurance units into two entities. Manappuram Finance gains approval for a 41.66% stake acquisition by Bain Capital affiliates. Ixigo will acquire a 60% stake in Spain's Online Travel Solutions for €11.70 million. TCS partners with NCDEX for equity market entry. HFCL secures a $4.67 million export order. NALCO and NLC India sign an MoU for a thermal power project. Hindustan Copper faces a ₹929.40 crore demand notice. RailTel receives a ₹92.91 crore work order for an ICT-based educational lab.
Theia Market Signal Identification - AI Assisted
Religare Enterprises Ltd will demurge its financial services and insurance arms into separate entities, issuing shares on a 1:1 basis to shareholders. Manappuram Finance Ltd has received approval from the Reserve Bank of India for a 41.66% stake acquisition by Bain Capital affiliates.
Ixigo is acquiring a 60% stake in Spain's Online Travel Solutions for €11.70 million, entering the European rail market. NCDEX has partnered with TCS for a 10-year equity market entry plan. HFCL won a $4.67 million export order.
NALCO signed an MoU with NLC India for a thermal power project. Hindustan Copper has received a ₹929.40 crore demand notice, which it disputes. RailTel has a ₹92.91 crore work order for an educational ICT lab.
Comments