Emami, Ugro Capital and Kotak Mahindra Bank to see some action today

Emami has acquired 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B. Tru Native F&B markets nutrition products under the brand TruNativ, targetted at health and fitness enthusiasts.

Ugro Capital has raised Rs 30 crore through issuance and allotment of 600 units of Commercial Paper (CP) of face value Rs 5 lakh each. The tenure of the security is 364 days and redemption date is March 3, 2023.

Kotak Mahindra Bank (KMBL) and Indian Oil Corporation have entered into a strategic partnership to launch the Indian Oil Kotak co-branded fuel credit card. The collaboration will offer more value to customers in the form of an enhanced rewards programme giving customers value on fuel spends and on special non-fuel & frequent-spend categories, such as dining and groceries.

Shriram Transport Finance Company has raised Rs 77.70 crore through allotment of senior secured rated, listed, principal protected market linked, redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. 100% of the Proceeds of issue will be utilized for financing of Commercial Vehicles, refinancing of existing debt and other general purposes of the company as mentioned in term sheet. The Allotment Committee - NCDs of the company in its meeting held March 04, 2022, approved and allotted the same.

Hatsun Agro Product’s board will meet on March 9 to consider a proposal to sell assets of the company's ready-to-eat business. The board will decide the modalities of the agreement to be entered into and treatment of sale transaction. Tamil Nadu-based Hatsun Agro is one of the leading dairy firms in the country.

3i Infotech has been awarded a work order by Rajasthan State Pollution Control Board (RSPCB), for Design, Development, Implementation and Maintenance of Integrated E-Governance Solution 2.0 for Rajasthan State Pollution Control Board covering end to end business processes under various Acts and Rules', at total contract value of Rs 12.85 crore plus applicable GST & all other taxes/ duties.

Force Motors has reported the production, sales and export of the products manufactured during the month of February 2022. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 856 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 689 units. The company’s domestic sales for SCV & LCV stood at 451 units and sales of UV, SUV & Tractors stood at 635 units, while the company has exported 213 units of SCV & LCV and 12 unit of UV, SUV & Tractors in month of February 2022.