Tech Mahindra, Muthoot Capital Services and Indoco Remedies to see some action today

Tech Mahindra has signed a strategic partnership with Etihad Etisalat (Mobily), a leading technology media and telecom (TMT) company in Saudi Arabia, to deliver best-in-class loyalty programs for individual and business customers. With a focus on elevating customer loyalty programs, the partnership will deploy Comviva's GenAI-powered next-generation MobiLytix Rewards to revamp Mobily’s Neqaty loyalty program. Comviva, a Tech Mahindra company, is the global leader in customer experience and data monetization solutions.

Muthoot Capital Services and evfin, the 100% ev-focused lending platform of Greaves Finance have entered into partnership to launch a pioneering co-lending arrangement to increase the availability of electric two-wheeler financing solutions across India. The collaboration entails a total deal size of up to Rs 150 crore ($18 million), highlighting the scale and ambition of the initiative to drive widespread adoption of electric vehicles in India. As the demand for electric vehicles (EVs) continues to surge in India, this collaboration underscores both companies' commitment to accelerating the adoption of sustainable transportation alternatives.

Indoco Remedies has received an approval to purchase land (which was previously held by the Company on leasehold rights) admeasuring 2,860.75 square meters situated at Mahal Industrial Estate, Taluka Andheri, District Mumbai Suburban from an unrelated third-party seller ‘Saldanha Realty and Infrastructure LLP’ for the expansion plans of the Company. Accordingly, the Company executed the Indenture of Conveyance for the purchase of the aforesaid land.  The Committee of Executive Directors at its meeting held on March 12, 2024 has approved the same. 

Likhitha Infrastructure has received an order worth Rs 106.12 crore from Hindustan Petroleum Corporation. 

Gulshan Polyols has received an order against tender floated by Excise Department, Government of Madhya Pradesh for supplying of country liquor for an around quantity of 66.2 lakh proof litre in three districts of Madhya Pradesh i.e. Chhindwara, Balaghat and Singrauli, for the financial year 2024-2025. 

ITC has acquired 2,356 Compulsorily Convertible Preference Shares of Rs 10 each of Sproutlife Foods (Sproutlife), in terms of the Securities Subscription & Purchase Agreement and the Shareholders Agreement executed on April 19, 2023. The cost of acquisition is Rs 50 crore. 

Star Cement’s subsidiary -- Star Cement North East has started its commercial operation of the newly setup 2 MTPA Cement Grinding unit situated at Chamta Pathar, Sonapur, Kamrup, Assam. Star Cement North East has started its commercial operation on March 12, 2024.