Reliance Industries' (RIL) step-down subsidiary, Reliance Retail (RRL), has subscribed to 19.04 lakh common shares of KaiOS Technologies Inc (KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis. KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday, 9 March 2018.
Separately, RIL said that its telecom arm Reliance Jio Infomm's (RJio) Live TV app JioTV has introduced India's first interactive sports experience for consumers watching the ongoing tri-nation Nidahas trophy which is being shown exclusively on JioTV in India. With this, JioTV consumers can interact with the game while watching it - a revolution in the Live TV space, RIL said. The announcement was made after market hours on Friday, 9 March 2018.
Power Grid Corporation of India announced that it was declared as the successful bidder under tariff-based competitive bidding to establish transmission system for 'New WR-NR 765 kV Inter-Regional Corridor' on build, own operate and maintain (BOOM) basis. The Letter of Intent (1-01) was received on 1 March 2018. The transmission system traverses in the state of Uttar Pradesh and Madhya Pradesh and includes 765kV transmission line. The announcement was made after market hours on Friday, 9 March 2018.
MOIL said that its board approved setting up Ferro Alloys Plant (FAP) at Balaghat mine. The 50000 MTPA project involves total investment of Rs 263.82 crore and it is expected to be commissioned by the end of calendar year 2021. Further, the board approved setting up Ferro Alloys Plant (FAP) at Gumgaon mine. The 25000 MTPA project involves total investment of Rs 155 crore and it is expected to be commissioned by the end of calendar year 2021. The setting up of the projects is a part of diversification options stipulated in the strategic management plan for the growth of the company. The announcement was made after market hours on Friday, 9 March 2018.
Linde India announced the inauguration of the first food laboratory and training centre in India, at Mangalagiri near Vijayawada in Guntur district of Andhra Pradesh. This is also the first Linde Food Laboratory in South Asia and ASEAN, it added. The announcement was made after market hours on Friday, 9 March 2018.
Dewan Housing Finance Corporation said it proposes to issue secured redeemable non-convertible debentures amounting to Rs 500 crore including a Greenshoe option of upto Rs 250 crore on private placement basis. The announcement was made after market hours on Friday, 9 March 2018.
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