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One 97 Communications Ltd: Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications, received the final nod from the Reserve Bank of India (RBI) to operate as a payment aggregator about three months after the company received the regulator’s in-principle approval. The licence allows PPSL to onboard merchants, facilitating online transactions for them. Positive
Vatech Wabag: Government officials has stalled the funds for Jal Jeevan Mission and clarified that no decision on further allocation will be taken until states demonstrate corrective action. Negative read through for Va tech wabag and other Water companies. Negative
Whirlpool India: Promoter Whirlpool Mauritius likely to sell up to 95 Lk shares (7.5%) in company via block at a floor price of Rs 1,030/ share. The price is 14% discount to current market price. Total transaction value estimates at around $110 million. Negative
PAYTM CMP (1287) RBI grants Certificate of Authorization to arm Paytm Payments to operate as payment aggregator. View: POSITIVE Sup: 1275 Res: 1310 | 1340
NELCO: The company has received additional authorization from the Department of Telecommunications for 10 years to sell VSAT services of other UL-GMPCS licensees. The company’s Unified License and the validity of the additional UL VNO-GMPCS services authorization will be co-terminus with the validity of the Unified License (VNO – Virtual Network Operator). Positive
Jammu & Kashmir Bank : The Board has approved raising equity share capital of up to Rs 750 crore in one or more tranches via Qualified Institutional Placement (QIP), and raising up to Rs 500 crore via non-convertible debentures on a private placement basis.
Sobha : Bengaluru-based company has launched its first project in Mumbai, 'SOBHA Inizio', spanning 1.038 acres. The company would develop this project in partnership with the landowner. The prices range from ₹2.8 crore to ₹5.75 crore.
Eris Lifescience : The company is set to buy the remaining 30% stake in its subsidiary, Swiss Parenterals, from Naishadh Shah for Rs 423.3 crore. In exchange, the company will issue 23.06 lakh shares on a preferential basis to Naishadh Shah. The proposed transaction is expected to complete tentatively before March 31, 2026. Currently, Eris Lifesciences holds a 70% stake in Swiss Parenterals.
The company has forayed into Dubai with a Rs.10,000-crore luxury project in Downtown Dubai. Through Sunteck International, it will develop two premium residential towers on a 2.5-acre site with MAS Real Estate, featuring high-end and branded residences. The project is planned for a 2026 launch.