Outlook Business Desk
The company on Monday announced a 50:50 joint venture with BlackRock Inc and BlackRock Advisors Singapore Pte Ltd for setting up a wealth management and broking business. The RIL group company said that the joint venture further strengthens its relationship with Blackrock Inc.
The company has re-appointed Arun Maheshwari as the company’s Joint Managing Director and Chief Executive Officer with effect from 18 April for a term of three years.
Cipla Health Ltd, a wholly owned subsidiary of Cipla, has signed a business transfer agreement (BTA) for the purchase of the distribution and marketing business undertaking of cosmetics and personal care business of Ivia Beaute Private Limited. Financial details of the deal were not disclosed.
The state-owned company signed a non-binding MoU with Indian Oil to broaden the scope and accessibility of energy solutions to customers. The partnership with two major players in the sector is expected to offer an extensive range of products and services throughout GGL’s authorized areas.
The gold loan financier’s board of directors will meet on 19 April 2024 to consider a proposal for raising funds amounting to $500 million in one or more tranches. The funds will be sourced through external commercial borrowings, including through US dollar bonds, in compliance with RBI guidelines.