Yum Restaurant India Private Ltd is likely to divest its entire stake (4.4 per cent) in Devyani International Ltd via block deals, per reports. The board of Union Bank of India on Tuesday approved a fund raising plans of ₹3,000 crore through Qualified Institutions Placement (QIP). The proposed IPO of Novelis is completely offer for sale by the existing promoter Hindalco Industries. The Competition Commission of India (CCI) on Tuesday said it approved Minda Corporation’s proposed 8.79 per cent stake purchase in Pricol. Sun Pharmaceutical Industries Ltd has announced that it would acquire a 16.33 per cent stake in Surgimatix, Inc, a US-based firm for $3.05 million (over ₹25 crore).

Source: The Hindu February 21, 2024 13:38 UTC