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Jio Financial Services: Shares of Jio Financial Services will be listed on the stock exchanges today, 21 August 2023. Jio Financial Services shares were credited to the eligible RIL shareholders as of the record date of July 20 in the ratio of 1:1.
Titan Company: Titan Company stated that it has entered into a share purchase agreement to acquire the entire shares held by the founder of CaratLane and his family members representing 27.18% of its total share capital on a fully diluted basis for Rs 4,621 crore. The indicative time period for completion of the acquisition would be 31 October 2023.
Infosys: The Commonwealth of Massachusetts, Pennsylvania Department of Revenue have imposed a penalty of $1124.6 and $12.28 on the company. There is no material impact on financials, operations or other activities of the company.
Mahindra & Mahindra (M&M): M&M announced that it will be undertaking proactive inspection and rectification of its select XUV range of products due to the potential risk of wiring loom and ineffective brake potentiometer.
South Indian Bank: The private lender increased marginal cost of funds based lending rate (MCLR) by 15 to 20 basis points with effect from 20 August 2023.
KEC International: The infrastructure company has secured new orders of Rs 1007 crore across its various businesses. With these orders, the company's YTD order intake stands at a record level of over Rs 5500 crore, a growth of about 15% vis-?-vis last year.
Lemon Tree Hotels: Lemon Tree Hotels announced the opening of its sixth property in Gujarat under the brand 'Lemon Tree Hotel'. The hotel is managed by Carnation Hotels, a wholly owned subsidiary and the hotel management arm of Lemon Tree Hotels.
CreditAccess Grameen: CreditAccess Grameen said that the executive, borrowings and investment committee of its board approved the issue of non-convertible debentures (NCDs) for Rs 400 crore with a green shoe option of up to Rs 600 crore, aggregating to Rs 1,000 crore.
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