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Market Updates 

Bank of India:

The state-run lender has come out with an issue of Basel III-compliant Tier II bonds amounting to Rs 2,000 crore. The base size is Rs 1,000 crore, and the green shoe option is Rs 1,000 crore. It received a total bid of Rs 3,770 crore in response from investors, and the issue was oversubscribed by 3.77 times against the base issue size.

Bombay Dyeing:

The Wadia Group-owned company has agreed to sell 22 acres in Mumbai's Worli to Goisu Realty for Rs 5,200 crore in a bid to repay debt and fund future projects. Upon shareholders' approval, the transaction will happen in two phases. Goisu Realty is a subsidiary of

Japan-based developer Sumitomo Realty & Development Co.

Adani Enterprises:

Adani Wind's 5.2 MW wind turbine generator, which is India's largest turbine, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets.

IRCTC:

The company signed an MoU with Maharashtra State Road Transport Corp. to enable MSRTC's online bus booking services via its bus booking portal.v

Aditya Birla Fashion and Retail:

Premium fashion brand Louis Philippe announced its foray in the Middle East with the opening of the brand’s newest outlet in the UAE. The company plans to increase its retail footprint by launching several additionaladditional outlets for its brands throughout the Middle East in the near future.

Suven Pharmaceuticals:

The government has approved up to Rs 9,589 crore in foreign investment in the drugmaker. The approval is for the acquisition of up to 76.1% of the company by Cyprus-based Berhyanda. The aggregate foreign investment in the company will increase by 90.1%. v

KPI Green Energy:

The company has commissioned the 7.80 MW wind-solar hybrid power project, comprising 4.20 MW of wind and 3.60 MWdc solar capacity, through its wholly owned subsidiary KPIG Energia for Mono Steel India.v

Bajaj Healthcare:

The company has received the Establishment Inspection Report from the USFDA for pre-approval inspection at its Vadodara plant with zero 483 observations.v  

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