Tue, Jun 18, 2024 4:36 PM
Mega telecom deals are making a comeback for IT sector
A Flip by Shubhangi Gupta
Kogta Financial, an NBFC, has raised Rs 1,230 crore in a series E funding round from Ontario Teachers' Pension Plan (OTPP), providing a partial exit to Creador and Morgan Stanley Private Equity Asia. The deal values the company at around $600 million, with OTPP picking up a 24% stake. The founders retain over 30% ownership, and the firm plans to expand into new geographies & explore new products.
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Time Technoplast Ltd has received a new order worth approximately Rs 55 crore to supply additional composite LPG cylinders to Indian Oil Corporation Limited (IOCL). This follows the successful completion of an initial order and positive user feedback on the cylinders' lightweight, explosion-proof design, and translucent body. IOCL may increase the order quantity within the validity period.
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Milkfood Ltd informed that the Board of Directors of the company have announced a 1:1 bonus share (i.e., Issue of 1 bonus equity share for every 1 fully paid up equity share), 2:1 stock split (proposal of sub-division of equity share of the face value of Rs 10 each fully paid up into equity shares of the face value of Rs 5 each fully paid up) and 25 per cent interim dividend.
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