Fri, Jul 9, 2021 10:51 AM
M&M Financial Services concludes acquisition of 20% stake in Ideal Finance
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Jaypee Infratech said the company has deferred the approval of financial statements for the quarter and fiscal ended March 2023, as it has not been finalised in view of pending cases in the appellate tribunal. On March 7, the National Company Law Tribunal approved the resolution plan of Mumbai-based realty firm Suraksha Group to take over Jaypee Infratech.
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Promoter Rajat Agrawal has offloaded a 4.63% equity stake in lead producer Gravita India through open market transactions on May 29, while promoters sold Rs 524.6 crore shares in Clean Science & Technology. Rajat Agrawal has offloaded 32 lakh shares in Gravita India at an average price of Rs 565 per share, as per bulk deals data available with the NSE.
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Fintech unicorn Razorpay on May 30 launched Turbo UPI in partnership with Axis Bank and the National Payments Council of India. Merchants can integrate Turbo UPI at the payment gateway. The additional step of switching apps is estimated to cause almost 5-10% of payment failures. Last week, Paytm launched a similar product called “UPI SDK.” Paytm's product supports UPI payments through UPI Lite.
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