Vedanta, SBI, Hero MotoCorp, PVR INOX in focus

Vedanta: The company proposes to hold a meeting of its duly constituted Committee of Directors on 19 December 2023 to consider the proposal for issuance of Non-Convertible Debentures on a private placement basis as part of its routine refinancing that is undertaken in ordinary course of business.

SBI: State Bank of India has executed transactions documents for purchase of 3,70,644 shares (6.35%) of Canpac Trends Private Limited (CTPL). CTPL provides paper-based packaging solutions.

Hero MotoCorp: The board of directors of the company approved purchase of additional shares of Ather Energy Pvt. Ltd, an existing Associate company for up to Rs 140 crore. After this transaction, Hero's stake in Ather Energy will increase to 39.7% from 36.7%.

PVR INOX: Plenty Private Group and Multiples Private Group are reportedly likely to sell a 2.33% stake in the multiplex chain. The offer price may be in the range of Rs 1,750?1,769.5 per share, and the offer size may be Rs 404.5 crore, as per reports.

Mahindra & Mahindra Financial Services: The board of directors of the company has approved undertaking supplemental business activity of soliciting and procuring insurance business as a Corporate Agent (composite) in the areas of life, health and general insurance- both group and individual.

Mazagaon Dock Shipbuilders: Mazagaon Dock Shipbuilders has launched its fastest solar-electric boat: SaurShakti at Kochi on 13 December 2023.

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