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FSN E-Commerce Ventures (Nykaa)

Harindarpal Singh Banga, a pre-IPO investor in Nykaa, is likely to sell up to a 1.4% stake in the beauty and personal care platform, according to CNBC-TV18 sources. The stake sale is expected at a floor price of Rs 198 per share. Harindarpal Singh held a 6.4% stake in Nykaa as of the end of the June quarter.

Ambuja Cements
Promoter group entity Holderind Investments has launched a block deal to sell a 2.84% stake in Ambuja Cements for $500 million, according to multiple sources cited by Moneycontrol. The floor price for the block deal is Rs 600 per share, which represents a 5% discount to the last closing price of Rs 631.80 per share on August 22.

Wipro

Rizing Management LLC, a step-down subsidiary of the IT company, has been voluntarily liquidated effective August 21. Meanwhile, John Lewis Partnership (JLP) has selected Wipro to transform and modernize its IT infrastructure.

Bharti Airtel

Following the company’s appeal to the Commissioner (Appeals), Central Goods and Services Tax Appellate Authority, Delhi, the said Appellate Authority has passed an appeal order reducing the GST demand to Rs 194 crore. The total demand originally assessed by the GST Department was Rs 604.66 crore.

Bandhan Bank

The bank has launched "Avni," an exclusive savings account for women. Additionally, it has launched an enterprise-wide loyalty program called Bandhan Bank Delights, where customers can earn reward points known as "delight points." These points can be redeemed for purchases, along with exclusive offers.

SBI Life Insurance Company

The Deputy Excise and Taxation Commissioner, Rohtak, Haryana, Department of Goods and Services Tax, has raised a demand for GST, along with applicable interest and a penalty of Rs 239.27 crore on SBI Life for FY20.

RailTel Corporation of India

The company has received a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.

Adani Power

The National Company Law Tribunal, Hyderabad, has approved the company’s resolution plan for the acquisition of Lanco Amarkantak Power, which is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The upfront payment for the acquisition is Rs 4,101 crore.

Zomato

Zomato has announced the immediate shutdown of its Intercity Legends service, which offered iconic dishes from 10 cities across India to other parts of the country, two years after its launch.

Bharat Forge

The company will invest Rs 105.45 crore in its subsidiary Kalyani Powertrain by subscribing to 10,54,50,000 equity shares. Kalyani Powertrain is engaged in the EV and e-mobility solutions space.

Spandana Sphoorty Financial

The board of directors of the company will meet on August 27 to consider the issuance of non-convertible debentures on a private placement basis.

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