Bharti Airtel

The company and its subsidiary, Bharti Hexacom, have entered into definitive agreements with Adani Data Networks, a subsidiary of Adani Enterprises, to acquire rights to use 400 MHz of spectrum in the 26 GHz band across Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu, from Adani Data Networks.

360 ONE WAM

The Competition Commission of India (CCI) has approved the acquisition of certain equity shares of Bharti Axa Life Insurance Company by 360 ONE Private Equity Fund (owned by 360 ONE WAM), and the subscription of certain equity shares in Bharti Axa Life by 360 ONE and Bharti Life Ventures.

Bharat Forge

The Competition Commission of India (CCI) has approved the acquisition of 100% equity shareholding of AAM India Manufacturing Corporation by Bharat Forge, with voluntary modifications.

PNC Infratech

The company has been declared the L1 (lowest) bidder for a project worth Rs 239.94 crore—construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur city, Bharatpur—on EPC mode, awarded by PWD-Rajasthan.

Ashoka Buildcon

The company has received a Letter of Acceptance for a project worth Rs 568.86 crore from Central Railway. The project involves construction of earthwork, major bridges, minor bridges, RUBs, P. Way work, and miscellaneous civil works in connection with gauge conversion work from Pachora to Jamner (excluding Pachora Yard) and road over bridges for Central Railway.

Power Finance Corporation

The company has filed a complaint with the Economic Offences Wing of the police against Gensol Engineering regarding falsification of documents. PFC stated that Rs 307 crore out of Rs 352 crore disbursed to Gensol for EV leasing in 2023 remains unpaid and that it is actively pursuing options to address the situation.

Varun Beverages

The company has commenced commercial production of carbonated soft drinks, juice-based drinks, and packaged drinking water at its production facility in Prayagraj, Uttar Pradesh.

Gokaldas Exports

The company has appointed Jyotsna Shahi as its Chief Marketing Officer, effective April 22.

Ambuja Cements

The company has completed the acquisition of a 46.66% stake in Orient Cement pursuant to the share purchase agreement.

Bulk Deals

RBL Bank

British International Investment Plc has exited RBL Bank by selling its entire 3.82% stake at an average price of Rs 184.74 per share, amounting to Rs 428.57 crore. Unity Associates net sold 88.1 lakh shares in the bank at an average price of Rs 187.39 per share.

Selan Exploration Technology

BNP Paribas Financial Markets bought 78,607 equity shares in Selan Exploration at an average price of Rs 576.8 per share.

Resourceful Automobile

Plutus Capital Management LLP bought 30,000 equity shares in the company at an average price of Rs 59.68 per share. 

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