Apollo Tyres announced that with respect to the order issued by Competition Commission of India (CCI) concerning anti-competitive practices by a few tyre manufacturing companies, including Apollo Tyres, he Company had filed an appeal against the aforesaid order before the National Company Law Appellate Tribunal, New Delhi (NCLAT).

Now, the NCLAT through its judgement has disposed off the appeals by remanding back the case to CCI for review.

State Bank of India has raised Rs. 10,000 crore through its maiden infrastructure bond issuance on Friday at coupon rate of 7.51%. This is the largest single infrastructure bond issued by any Bank in the country.

The amount raised through bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 10 years. The issue attracted overwhelming response from investors with bids of Rs. 16,366 crore and was oversubscribed by about 3.27 times against the base issue.

Based on the response, the Bank has decided to accept Rs. 10,000 crore at a coupon rate of 7.51% payable annually for a tenor of 10 years. This represents spread of 17 bps over the corresponding Government of India Security, indicates high quality of credit.

The Bank has AAA credit rating from domestic credit rating agencies for these instruments.

Mphasis has allotted 4,718 equity shares under ESOP and RSU Plan on 01 December 2022.

SpiceJet announced that the 38th Annual General Meeting (AGM) of the company will be held on 26 December 2022.

Avanti Feeds announced that commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh has been successfully commenced with effect from 03 December 2022, with an estimated total cost of Rs. 125 crore.

The company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MTs. The total production capacity (all units) of the company has been increased from 6,00,000 MTs to 7,75,000 MTs.

The Board of Sanghi Industries at its meeting held on 03 December 2022 as under:

The issuance of 73,26,000 equity shares of face value of Rs. 10/- each of the Company to Thinkfar Tradelink (Promoter Group Entity), a company incorporated under the Companies Act, 2013, with corporate identification number U51909GJ2022PTC135522 on a preferential basis (Preferential Issue) in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), as amended and other applicable laws, at a price of Rs. 68.25 per Equity Share aggregating to Rs. 49.99 crore subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the Extraordinary General Meeting.

Narmada Gelatines will hold a meeting of the Board of Directors of the Company on 7 December 2022.

Integrated Technologies will hold a meeting of the Board of Directors of the Company on 6 December 2022.

Capfin India will hold a meeting of the Board of Directors of the Company on 8 December 2022.

Scintilla Commercial & Credit will hold a meeting of the Board of Directors of the Company on 9 December 2022.