HDFC, Hindustan Oil Exploration: Housing finance major HDFC said it has divested 2.46 per cent of its stake in
Hindustan Oil Exploration Company (HOECL) for Rs 37 crore. HDFC held 1,48,26,303 equity shares of HOECL.
Mahindra & Mahindra: The homegrown automajor announced a restructuring of its farm equipment business in Turkey under which its arm, Erkunt Traktor Sanayi A.S. (Erkunt) will acquire the agriculture machinery business from another subsidiary, Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi (Hisarlar).
PNB Housing Finance: The housing finance firm said its promoter
Punjab National Bank has asked it to consider restructuring the proposed Rs 4,000 crore capital infusion deal led by US-based Carlyle group. The housing financier also said it will await the Securities Appellate Tribunal s order on the issue before taking a final decision.
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