Aeroflex Industries is a manufacturer and supplier of metallic flexible flow solution products catering to global and domestic markets. JWL aims to use the fund for the acquisition of Stone India, working capital optimisation, and other corporate purposes. SEBI has granted approval for the proposed change in control of HDFC Capital Advisors, a subsidiary of HDFC and a co-investment portfolio manager, pursuant to a proposed composite scheme of amalgamation for the amalgamation of HDFC with HDFC Bank. The proposed amalgamation is subject to receipt of final approvals from SEBI in respect of the change in control of certain subsidiaries of HDFC. Besides, HDFC said that it would issue bonds through a private placement to raise up to ₹8,000 crore and strengthen its financial position.

Source: The Hindu May 16, 2023 03:19 UTC