ARSS Infra wins contract worth Rs163 crore from Mizoram government

ARSS Infrastructure Projects Ltd said it has received a contract worth Rs163 crore from the Public Works Department (PWD) of Mizoram.

The Bhubaneswar based company recently received a contract worth Rs93.7 crore from Rajasthan State Road Development & Construction Corporation Ltd, Jaipur, the company said in a regulatory filing.

On Thursday, ARSS Infrastructure shares gained 0.5% to Rs1,267 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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S Kumars Nationwide raises Rs231 crore via QIBs

Textile company S Kumars Nationwide Ltd, said it raised Rs231 crore from qualified institutional buyers (QIBs) on private placement basis to fund its expansion plans.

The company had earlier planned to raise an amount of Rs500 crore by issuing shares to QIBs, which was opened on 13th September.

The company however noted that the board of directors may continue to explore various options for raising the balance amount of funds as approved in the shareholders resolution.

On Thursday, S Kumars Nationwide shares ended 0.1% down at Rs79 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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DB Realty buys L&T Bombay Developers for undisclosed sum

DB Realty Ltd said it acquired L&T Bombay Developers Pvt Ltd (LTBDPL), a special purpose vehicle formed by L&T Urban Infrastructure Ltd and Bombay Dyeing and Manufacturing Company, for an undisclosed sum.

LTBDPL had won the redevelopment rights of Middle Income Group Co-operative Housing Society Ltd located at MIG Colony in Bandra, Mumbai. The Society has a land of about 20,000 sq m, including recreation ground, for redevelopment.

On Thursday, DB Realty shares ended 0.3% down at Rs441 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,417 points.

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