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Tata Motors, TCS, Aster DM Healthcare, KIMS in Spotlight

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On January 9, 2023, the meetings of the board of directors of TCS are scheduled for the approval of the audited financial statements (consolidated) for the quarter and nine-month period ending December 31, 2022.

On December 30 2022, Tata Motors acquisition of Ford India’s (FIPL) manufacturing plant at Sanand and will complete the manufacturing on January 10, 2023, with Tata Passenger Electric Mobility (TPEML) (subsidiary company).

Aster DM Healthcare has entered into an agreement of hospital operation with Vritika Hospitals (VHPL) & Bharathi Education Trust for operating and managing G. Madegowda Super Specialty Hospital.

The board meeting of Krishna Institute of Medical Sciences (KIMS) will be held on January 4 2023, to consider raising up to Rs 300 crore by non-convertible debentures (NCDs) issuance and one or more tranches over a while.

Punjab & Sind Bank has announced that its board approved a proposal for raising capital up to Rs 250 crore by issuance of equity and bonds.

Kolte-Patil Developers (KPDL) has assigned its ‘CRISIL A+/Stable’ rating on non-convertible debentures (NCDs), secured, proposed listed, non-convertible debentures (NCDs).

Shriram Finance has secured long-term funding of $100 million from the Asian Development Bank (ADB). Under SFL’s (social finance framework), External Commercial Borrowing (ECB) is a five-year loan.

On December 30, 2022, a Spandana Sphoorty Financial board meeting was held for the allotment of non-convertible debentures of up to Rs 300 crore of the face value of 10 lakhs in three rounds.

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