Indiabulls Ventures is in spotlight after a fund bought bulk shares of the company. Valiant Mauritius Partners Offshore purchased 29.88 lakh shares of the company at Rs 255 per share in a bulk deal on the NSE yesterday, 21 February 2018. Mahindra & Mahindra (M&M) said that it has signed a share subscription & shareholders agreement and a share purchase agreement for acquisition of up to 1,296 equity shares and subscribing upto 6,074 compulsory convertible cumulative preference shares which on an as-converted to equity share basis, would result in the company holding in aggregate 22.9% of the equity share capital of Carnot Technologies on a fully diluted basis. The announcement was made after market hours yesterday, 21 February 2018. Carnot Technologies is an Indian company, which provides products and services related to internet connected devices for monitoring performance of vehicles and equipment. It had a turnover of Rs 1.2 crore for FY 2016-17. Acquisition of shares in Carnot is expected to support company's businesses by developing information technology solutions for its products. The indicative time period for completion of the acquisition is 31 March 2018. The cost of acquisition is Rs 6.06 crore. Vardhman Special Steels said that the fund raising committee of the board of directors of the company, at its meeting held on 21 February 2018, approved the allotment of 35.72 lakh shares pursuant to the qualified institutional placement (QIP) to eligibile qualified institutional buyers (QIBs) at the issue price of Rs 140 per share, aggregating to Rs 50 crore. The announcement was made after market hours yesterday, 21 February 2018. Capital First said that the debenture committee of the company approved the allotment of rated, listed, secured, redeemable, non-convertible debentures (NCDs). The company has raised Rs 102 crore by issue of NCDs on private placement basis. The announcement was made after market hours yesterday, 21 February 2018. UCO Bank announced fixation of issue price for preferential allotment to the Government of India (GoI) at Rs 31.16 per share. The announcement was made after market hours yesterday, 21 February 2018. The bank had earlier announced preferential allotment of shares to GoI aggregating to Rs 6507 crore. Powered by Capital Market - Live News |