By Malvika Gurung
Investing.com -- Bajaj Finance (NS: BJFN ): The NBFC giant will pick up to 40% stake in Snapwork Technologies through primary and secondary transactions for bolstering its technology roadmap. The acquisition cost is up to Rs 93 crore.
Indian Oil (NS: IOC ): The PSU major has raised Rs 2,500 crore by issuing 25,000, 7.44% NCDs of Rs 10 lakh each on a private placement basis.
Hero MotoCorp (NS: HROM ): The automaker will raise the prices of its motorcycles and scooters by up to Rs 1,500, starting Dec 1 due to overall inflationary costs.
IDBI Bank (NS: IDBI ): As per the finance ministry, the bank will continue operating as a private sector bank after its strategic sale and the government's 15% residual stake in the lender.
L&T Finance Holdings (NS: LTFH ): The leading NBFC completed the sale of its mutual fund business to HSBC Asset Management for nearly Rs 3,484 crore while realising a surplus cash balance of Rs 764 crore.
Indian Energy Exchange (NS: IIAN ): The power trading exchange approved the share buyback of the company through the open market route at Rs 200 apiece.
Muthoot Finance (NS: MUTT ): It will raise Rs 300 crore through the public issue of secured redeemable NCDs with a face value of each NCD at Rs 1,000. The issue will open on Nov 28 and close on Dec 19.
Venus Pipes & Tubes: The financial services company BNP Paribas (EPA: BNPP ) Arbitrage acquired 6.5 lakh shares or a 3.2% stake in the company at an average price of Rs 650 apiece for Rs 42.25 crore.
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