Kotak will gain access to over 30,000 high-quality customers with a total loan outstanding with VWFPL of around Rs 1,340 crore, the company said.
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, said on Thursday that it will offer about 15% stake to Serum Institute Life Sciences Pvt Ltd (SILS), a subsidiary of Serum Institute of India, at a post-money valuation of $4.9 billion.
“As pandemic scars heal and supply conditions are restored with productivity gains, a sustained easing of core inflation can be expected, which will reinforce the growth-supportive stance of monetary policy,†said the RBI article, prepared by its economic wing led by deputy governor Michael D Patra.
Under the alliance, BBL will get committed access to 100 million doses of vaccines annually for 15 years and commercialisation rights of the SILS vaccine portfolio for global markets.
"JM Financial Products has filed the shelf prospectus and tranche I prospectus with the Registrar of Companies, Mumbai and the Sebi," JM Financial said in a regulatory filing.
Helped by a record rally in equities, the market capitalisation of BSE-listed companies reached its all-time peak of Rs 2,60,78,355.12 crore at close of trade on Thursday.
During the last 18 months, growth-oriented technology companies have raised a sum of around Rs 15,000 crore through IPOs (Initial Public Offerings). Their filings with Sebi at present show a pipeline of around Rs 30,000 crore, he added.
In another transaction, UBS Principal Capital Asia sold 3.39 million shares of IndusInd Bank at Rs. 1,043.5 per share through a block deal on the BSE.
The other major reform in the pipeline is setting up of a Limited Purpose Clearing Corporation for repo in corporate bonds, Tyagi said at an event organised by industry body CII.
In a statement, JSW Steel said it has become the first company in the steel sector globally to issue a USD-denominated Sustainability Linked Bonds (SLBs).
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