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Reliance Industries (RIL): RIL said that Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures (RRVL) has completed the acquisition of 51% controlling stake in Lotus Chocolate Company for an aggregate consideration of Rs. 74 crore. It also subscribed to non-cumulative redeemable preference shares of Lotus Chocolate Company for an aggregate consideration of Rs. 25 crore. RCPL has also completed the acquisition of equity shares pursuant to the open offer. RRVL is subsidiary of RIL. Zee Entertainment Enterprises (ZEE): The company reported consolidated net loss of Rs 196.03 crore in Q4 FY23 as against a net profit of Rs 181.93 crore in Q4 FY22. Total income fell to Rs 2126.35 crore in the quarter ended 31 March 2023 from Rs 2359.74 crore recorded in Q4 FY22. Emami: The company reported consolidated net profit of Rs 141.62 crore in Q4 FY23 as against a net profit of Rs 354.11 crore in Q4 FY22. Total income rose to Rs 849.70 crore in the quarter ended 31 March 2023 from Rs 798.48 crore recorded in Q4 FY22. Vodafone Idea: The company reported consolidated net loss of Rs 6519.3 crore in Q4 FY23 as against a net loss of Rs 6461 crore in Q4 FY22. Total income rose to Rs 10555 crore in the quarter ended 31 March 2023 from Rs 10186.5 crore recorded in Q4 FY22. Voltas: Voltas laid the groundwork and performed Bhoomi Pujan at Madharapakkam, Thiruvallur district in Tamil Nadu, for its new Air Conditioner factory. The construction of the new manufacturing facility is spread over 150 acres. The Company has planned to invest over Rs 500 crores in this factory, for RAC manufacturing, over the next couple of years. Religare Enterprises: Religare Enterprises'wholly owned subsidiary Religare Finvest has now received the No- Dues Certificates (NDC) from all Sixteen Secured One Time Settlement (OTS) lenders against their total outstanding dues including dues toward their unsecured exposure, as per the terms of the OTS Agreement. Accordingly, the OTS stands completed. Powered by Capital Market - Live News
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