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Tata Motors to supply 25,000 XPREST electric vehicle units to Uber:

Tata Motors on Monday said it will supply 25,000 XPREST electric vehicle units to Uber in one of the largest deals in the green mobility space till date.As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. The price of a single unit of XPREST starts from Rs 13.04 lakh (ex-showroom Delhi). A single unit of X-Pres-T (ex-showroom), with a range of 315 km, is priced at Rs 14.98 lakh and entails a FAME subsidy of Rs 2.6 lakh.

Lumax Auto soars 12% as it acquires majority stake in IAC Group's India biz:

Shares of Lumax Auto Technologies surged 12 per cent to Rs 248.20 in Monday’s intra-day trade, after the company signed agreement to acquire majority stake (75 per cent) in IAC International Automotive India Private Limited (IAC India) from the International Automotive Components Group (IAC Group) at around Rs 587 crore. The 75 per cent shareholding to be acquired in IAC India will be on a fully diluted basis through SPV (acquisition vehicle), on cash consideration, and to be paid by internal accruals & external debt.

BPCL plans to raise ?1,500 crore through NCDs in FY23:

Oil marketing company (OMC) Bharat Petroleum Corp Ltd on Monday said it is planning to raise up to ?1,500 crore during the current fiscal through private placement of unsecured nonconvertible debentures (NCDs). Shares of BPCL ended 1.70 per cent lower at ?326.05 apiece on the NSE today.

NHPC raises Rs 996 crore through issuance of non-convertible bonds:

State-owned hydro power giant NHPC on Monday raised Rs 996 crore through the issuance of non-convertible bonds on private placement basis. "NHPC Limited has raised Rs 996 crore on February 20, 2023 through unsecured, redeemable, non-convertible, non-cumulative and taxable 7.59 per cent AD series bonds on private placement basis," according to a filing. The bonds are proposed for listing at Wholesale Debt Market (WDM) segment of BSE and National Stock Exchange (NSE).

ASIAN PAINTS :

Subsidiary Asian Paints (Polymers) pvt Ltd today, entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to set up the manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) at Dahej, Gujarat, subject to such approvals and clearances, as may be required.

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