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NTPC in focus on acquisitions

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NTPC said it signed a share-purchase agreement with the central government to acquire North Eastern Electric Power Corporation (NEEPCO) for Rs 4,000 crore and THDC India (THDCIL) for Rs 7,500 crore. The acquisitions are subject to regulatory approvals.

Yes Bank said its board has approved raising funds amounting to Rs 5,000 crore, in addition to Rs 10,000 crore cleared in January, through issuance of securities. The board of the bank has also been reconstituted.

ICICI Bank entered into an agreement to invest in Auxilo Finserve (previously known as Stellenyak General Finance) by acquiring 9.9% stake, or 34.1 million equity shares for Rs 51.1 crore.

Finolex Industries said it has suspended operations at all plants, offices and warehouses located at various locations until 14 April 2020 as per the Centre's order of a complete lockdown in the wake of the coronavirus outbreak.

United Spirits said it has closed operations at all its offices and manufacturing units till 14 April 2020 to prevent the spread of coronavirus.

Aurobindo Pharma said with regard to the USFDA inspection of Unit VIII, API manufacturing facility at Gaddapotharam, Hyderabad, the company has received the Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from USFDA.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 27 2020. 08:29 IST
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