Overview
- The Reserve Bank of India granted Paytm Payments Services a Certificate of Authorisation to operate as a payment aggregator under the Payment and Settlement Systems Act.
- Media reports indicate Whirlpool of India promoters plan to sell 95 lakh shares, about 7.5% of the company, via block deals at a Rs 1,030 floor price, implying a sizable discount to the last close.
- Jammu & Kashmir Bank’s board approved raising up to Rs 1,250 crore, including Rs 750 crore through a QIP and Rs 500 crore via privately placed non-convertible debentures.
- Asian Paints’ step-down unit Berger Paints Emirates will invest AED 140 million (about Rs 340 crore) in a second UAE plant with an initial capacity of 55,800 KL per year.
- Ashoka Concessions completed the sale of stakes in five SPVs to Maple Infrastructure Trust on November 26 for about Rs 1,814.42 crore, subject to certain holdbacks.