Grasim Industries Limited raises Rs. 1000 crore through private placement of NCDs
Posted On: 2021-04-05 21:52:43 (Time Zone: Arizona, USA)
The members of the Stakeholders Relationship Committee of the Board of Directors of Grasim Industries Limited vide its circular resolution dated 5th April 2021 has allotted 10,000, 6.99% Fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10 Lakh each (Series 21-22 / 6.99% GIL 2031) aggregating to Rs. 1,000 Crore, on private placement basis.
These NCDs have been rated AAA(STABLE) by CRISIL and ICRA.
Shares of GRASIM INDUSTRIES LTD. was last trading in BSE at Rs.1443.6 as compared to the previous close of Rs. 1455.45. The total number of shares traded during the day was 67879 in over 2554 trades.
Flipkart partners with EDEL by Mahindra Logistics to accelerate deployment of electric vehicles in its last-mile delivery
Posted On: 2021-04-05 21:53:21 (Time Zone: Arizona, USA)
Flipkart, India s homegrown e-commerce marketplace, today announced that it has partnered with Mahindra Logistics Limited (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart s sustainable transition to EVs.
Copper - Outlook - April 6, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
Domestic Copper and the rest of the metal prices on MCX ended with solid gains on Monday.
LME Copper prices and the rest of the base metal complex have started higher this Tuesday morning in Asian trade, tracking the weakness of the U.S Dollar.
Prices also took support after data showed that a recovery in China s services sector picked up speed in March as firms hired more workers and business optimism surged.
The Caixin/Markit services Purchasing Managers Index (PMI) rose to 54.3, the highest since December, from 51.5 in February.
G M Breweries Ltd board declares dividend of Rs. 4
Posted On: 2021-04-06 02:28:16 (Time Zone: Arizona, USA)
The Board of Directors of G M Breweries Ltd at their meeting held on 6th April 2021 has recommended dividend at the rate of 40% i.e Rs. 4.00/- per share.
The Dividend payment will be subject to approval of members at the forthcoming AGM.
Shares of G.M.BREWERIES LTD. was last trading in BSE at Rs.448.45 as compared to the previous close of Rs. 435.6. The total number of shares traded during the day was 20117 in over 1203 trades.
The stock hit an intraday high of Rs. 448.45 and intraday low of 370. The net turnover during the day was Rs. 8380453.
Pitstop raises USD 3.5 million in pre-series B funding led by Ventureast
Posted On: 2021-04-06 02:53:23 (Time Zone: Arizona, USA)
Pitstop, India s most trusted tech-enabled multi-brand car service provider has raised USD 3.5 million in a Pre-series-B. The funding was led by Ventureast with participation from ACKO Technologies, LetsVenture, AngelList India, Blume Ventures, among others. The company has earlier raised funding from a marquee list of investors which includes Landmark Cars (one of India s largest car dealership chain), Anuj Srivastava and Ramakant Sharma from Livspace, Rahul Garg from Moglix, Shailesh Rao to name a few.
Pitstop will use this funding to strengthen its end-to-end car maintenance operations in the existing cities and further expand to 20 additional cities by the end of the year.