In a series of major corporate announcements, Nazara Technologies, Protean eGov Technologies, and Paytm have revealed significant financial decisions and business expansions. Additionally, thirteen companies have set August 27 as the record date for dividend distributions.

Nazara Technologies Approves Loan to UK Subsidiary

Nazara Technologies, a leading gaming and sports media company, has approved an unsecured loan of up to £1,259,520 (approximately ₹15.00 crore) to its wholly-owned subsidiary, Nazara Technologies UK Ltd. This decision was made during a board meeting, as disclosed in the company's latest LODR (Listing Obligations and Disclosure Requirements) filing.

The loan is intended to partially fund the consideration payable for the acquisition of Fusebox Games Ltd, a wholly-owned subsidiary of Nazara UK. This strategic move aligns with Nazara's expansion plans in the global gaming market.

Additionally, the board granted in-principle approval for:

• Inter-se unsecured loans up to ₹100.00 crore among wholly-owned subsidiaries
• Unsecured loans up to ₹100.00 crore to Nazara UK

These approvals are in addition to previously sanctioned amounts, indicating Nazara's commitment to supporting its subsidiaries' growth initiatives.

Protean eGov Technologies Secures Major UIDAI Contract

Protean eGov Technologies has announced a significant business win, securing a work order worth approximately ₹1,160.00 crore from the Unique Identification Authority of India (UIDAI). The contract involves establishing and operating District Level Aadhaar Seva Kendras in 188 districts across India.

This substantial order underscores Protean eGov's growing role in India's digital infrastructure development and e-governance initiatives. The project is expected to enhance accessibility to Aadhaar-related services at the district level.

Paytm Approves Investments in Subsidiaries and Acquisition

Paytm, a leading digital payments and financial services platform, has made several key decisions to strengthen its business ecosystem:

Investments in Subsidiaries

• Approved additional investment of up to ₹300.00 crore in Paytm Money Ltd through a rights issue
• Sanctioned investment of up to ₹155.00 crore in Paytm Services Private Ltd, also via a rights issue

Strategic Acquisition

• Approved the acquisition of 100% equity shares of Foster Payment Networks Private Ltd for up to ₹61.00 crore, making it a wholly-owned subsidiary

Inter-subsidiary Share Transfer

• Noted a proposed ₹140.00 crore transfer of First Games Technology Private Ltd shares between two subsidiaries

These moves reflect Paytm's strategy to consolidate its position in the fintech sector by strengthening its subsidiaries and expanding its service offerings.

Dividend Announcements

Thirteen companies have set August 27 as the record date for dividend distributions, with August 26 being the final trading day for investors to purchase shares and qualify for payouts. Notable dividend announcements include:

Other companies offering dividends include AAA Technologies, Abirami Financial Services, Aster DM Healthcare, Diamines & Chemicals, Speciality Restaurants, Mitsu Chem Plast, and Oriental Rail Infrastructure.

Due to the August 27 market holiday for Ganesh Chaturthi and T+1 settlement requirements, investors must complete purchases by August 26 close of trading to be eligible for these dividends.

These announcements highlight the dynamic nature of India's technology, financial services, and broader corporate sectors, with firms actively pursuing growth through strategic investments, acquisitions, expansion of service capabilities, and rewarding shareholders through dividend distributions.

In a series of significant corporate developments, several Indian companies have announced major deals, stake sales, and strategic moves. Here's a roundup of the key events:

Clean Science and Technology: Promoters to Offload Substantial Stake

Clean Science and Technology's promoters, Ashok Boob and Krishna Boob, are set to sell up to 24% of their stake through block deals. The sale is expected to raise approximately Rs 2,626.00 crore, with a floor price set at Rs 1,030.00 per share. This price represents a 13% discount to the current market price, potentially offering an attractive entry point for investors.

Bharti Hexacom: Green Light for Mobile Tower Sale

Bharti Hexacom has received approval to sell its mobile towers to a sister concern for Rs 1,134.00 crore. This related party transaction was approved by shareholders with 88.28% votes at the Annual General Meeting (AGM), indicating strong support for the company's strategic decision.

UltraTech Cement: Divestment in India Cements

UltraTech Cement has announced plans to divest a 6.49% stake in India Cements through an offer-for-sale. This move is aimed at meeting the 25% minimum public float requirement. The company will sell 2.01 crore shares at Rs 368.00 each, potentially raising Rs 740.00 crore.

Godrej Properties: Land Acquisition in Hyderabad

In a significant real estate deal, Godrej Properties has emerged as the highest bidder for a 7.825-acre land parcel in Hyderabad. The company secured the land for Rs 547.75 crore, strengthening its presence in the southern market.

RailTel: New Work Orders

RailTel Corporation has received two notable work orders:

1. Rs 15.42 crore order from the Odisha government
2. Rs 34.99 crore order from Kerala

Both orders are related to data centre operations, showcasing RailTel's growing footprint in the digital infrastructure space.

Jupiter Wagons: Vande Bharat Train Order

Jupiter Wagons' subsidiary has secured a Rs 215.00 crore order for Vande Bharat Train wheelsets. This order underscores the company's role in India's railway modernization efforts.

Exide Industries: Investment in Subsidiary

Exide Industries has invested an additional Rs 100.00 crore in its subsidiary, Energy Storage Solutions and Lithium-ion Technology (EESL). This brings Exide's total investment in EESL to Rs 3,802.23 crore, highlighting its commitment to the energy storage sector.

Piramal Healthcare: International Investment

Piramal Healthcare has completed a $190.30 million investment in PPL Pharma Inc., further expanding its global pharmaceutical operations.

Ajanta Pharma: Income Tax Department Searches

The Income Tax Department has conducted searches at Ajanta Pharma's offices and manufacturing units. The company has stated that it is fully cooperating with the authorities during this process.

These developments reflect a dynamic corporate landscape in India, with companies across sectors making strategic moves to strengthen their market positions, comply with regulations, and pursue growth opportunities.