Reliance Industries: After receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the company received the subscription amount of Rs 33,737 crore from Google International LLC (a wholly-owned subsidiary of Google LLC). Jio Platforms Limited has allotted equity shares to Google International LLC, following which, Google International LLC holds 7.73 per cent of the fully-diluted equity share capital of Jio Platforms Limited.
NIIT LTD: The company has announced that it has won two coveted 2020 Learning Technologies Awards jointly with MetLife.
Trigyn Technologies: The company has informed that the contract of their wholly-owned subsidiary, Trigyn Technologies Inc., with United Nations for the provision of IT Staffing Support Services for Office of Information & Communication Technology (OICT) is now extended and will expire on December 31, 2021. Further, United Nations’ not-to-exceed amount (NTE) of the contract is revised from the existing US$ 19,41,60,722.84 to US$ 21,51,60,722.84.
Coal India: Coal India gets a one-day strike notice from worker unions. ‘Four trade unions of CIL have served one-day strike notice in CIL and its subsidiaries on November 26, 2020’, the company informed via an exchange filing.
Jubilant Industries: The company has executed an ‘agreement to sell’ for the transfer of portable liquor licence of the company for manufacturing of Indian made foreign liquor (IMFL).
Exide Industries: Exide Industries has further invested an amount aggregating to Rs 33.17 crore by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy Private Limited (hereinafter referred to as 'JVC'). With this, the equity shareholding of EIL in JVC stands increased from 77.87 per cent to 80.15 per cent of the total paid-up share capital.
Biocon: The company has entered into an agreement for the acquisition of a 26 per cent equity stake on a fully-diluted basis in Hinduja Renewables Two Private Limited (HRTPL), a special purpose vehicle formed for the purpose of power generation and developing a captive power plant as per electricity laws.
GMR Infrastructure: The company informed that an arbitration award has been passed in a matter of claims between GMR Kamalanga Energy Limited (GKEL), a step-down subsidiary of GMR Infrastructure Limited (GIL) and its project EPC contractor, SEPCO Electric Power Construction Corporation (SEPCO). While SEPCO had claims on GKEL for project payments, prolongation costs, etc., GKEL had made claims on SEPCO towards delays in project execution and towards defect liabilities. In this regard, GKEL had in the year 2014 encashed bank guarantees of about Rs 580 crore furnished by SEPCO, the amount of which was utilised towards repayment of GKEL terms loans and consequential reduction of interest burden on the project. Considering and accepting mutual claims of both GKEL and SEPCO, the arbitration tribunal has confirmed a net claim of Rs 1,005 crore payable by GKEL to SEPCO. It may be noted that there is an existing provision of Rs 1,092 crore appx. In GKEL, books towards any such liability, which covers the entire amount of this award, and such liability, if any, is non-recourse to GIL and will have no impact on GIL's profitability.