NIIT Limited announces Q1 (April – June 2020) Consolidated Results

NIIT Limited announces Q1 (April – June 2020) Consolidated Results       Revenue recorded at Rs. 201.8 Cr, PAT at Rs. 29.0 Cr.  EBITDA margin recovers to 12.1% after a sharp decline in Q4  CLG records revenue growth of 17% YoY with EBITDA margin of 17%  Adds 3 new MTS logos, taking revenue visibility to $263 Mn NIIT Limited, a global leader in skills and talent development, today reported its results for the first quarter ending June 30, 2020. During the quarter, the company recorded a Net Revenue of…

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Tata Capital Growth Fund to Invest ~USD 30 Million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85%

Tata Capital Growth Fund to Invest ~USD 30 Million (Rs 225 Crore) in Biocon Biologics for an Equity Stake of 0.85%   Biocon Ltd, an innovation-led global biopharmaceuticals company, today announced that the Board of its subsidiary Biocon Biologics India Limited (Biocon Biologics) has approved a primary equity investment by Tata Capital Growth Fund. As per the terms of the proposed agreement, Tata Capital will invest Rs 225 Crore for a 0.85% minority stake in the biosimilar business, valuing Biocon Biologics at an equity valuation of Rs 26,250 Crore, or…

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Reliance Power and JERA sign Loan Agreement for full financing for their New Gas-fired Thermal Power Generation Project in Bangladesh

Reliance Power and JERA sign Loan Agreement for full financing for their New Gas-fired Thermal Power Generation Project in Bangladesh   Reliance Power Limited (“Reliance Power”) and JERA Co., Inc. (“JERA”), through their project company, are developing a new gas-fired power generation projectin Bangladesh (the “Project”). The project company has now signed a loan agreement for full financing totaling 642 million USD with a group of banks that includes the Japan Bank forInternational Cooperation (“JBIC”). This Project is to build, own, and operate a 745 MW (net output: 718 MW)…

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