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JSW Energy, Indo Count Industries and Aditya Birla Real Estate to see some action today
Oct-14-2024

JSW Energy PSP Two, a step-down subsidiary of JSW Energy has signed Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The ESFA is for supply of energy storage capacity for a period of 40 years where the company will be entitled to receive a fixed capacity charge of Rs 84.66 lakh per MW per annum. 

Indo Count Industries’ wholly owned subsidiary -- Indo Count Global, Inc. has acquired 100% stake in Modern Home Textiles, Inc., (‘Modern Home’) by entering into a Stock Purchase Agreement with the Stockholders of Modern Home. The company is already engaged in the business of manufacturing and exporting of bed linen, fashion, utility and institutional bedding from India. This acquisition will help the Group to improve its presence in the utility bedding segment in North America thereby increasing its market share.

Aditya Birla Real Estate has raised Rs 100 crore through the allotment of 10,000, 8.55% Unsecured, Listed, Rated, Senior, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 having a term of 5 years reissued on private placement basis. The Finance Committee of the Board of Directors of the Company, at its meeting held on October 11, 2024, has approved the allotment of the same. 

Krystal Integrated Services has received a work order from Directorate of Medical Education and Research, Maharashtra on October 10, 2024 for providing Staffing and Payroll Management (skilled, semi-skilled and unskilled category staff) services at Multiple Medical colleges and Hospitals in the state of Maharashtra. 

Asian Granito India’s subsidiary -- AGL Sanitaryware has incorporated Wholly Owned Subsidiary Company named D'MORE BATHWARE on October 11, 2024. Hence, D'MORE BATHWARE will be Step-down Subsidiary of the Company.  D'MORE BATHWARE is incorporated with an object to undertake the business activities pertaining to Manufacturing and trading of non-refractory ceramic sanitary wares: sinks, baths, water-closet pans, flushing cistern etc.

DCB Bank is all set to make additional investment by acquiring and/or subscribing to 3,21,420 equity shares of Saksham Gram Credit (Saksham). With this additional investment, the total shareholding of the Bank in Saksham becomes 9.90%. The acquisition is to be completed by March 31, 2025.

Techknowgreen Solutions has incorporated a Wholly Owned Subsidiary (WOS) in Singapore in the name and style of ‘Techknowgreen Solutions Pte. Ltd’. The said subsidiary company was incorporated on October 12, 2024.

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