​Carlyle arm Pluto Investments S.a.r.l and other investors will withdraw the proposal to buy stake in the company. Late in May, the board of PNB Housing had approved placement of 82 million preferential equity shares and 20.5 million share warrants with Carlyle Group unit Pluto Investments, Salisbury Investments, General Atlantic Singapore Fund FII Pte Ltd and Alpha Investments V Pte Ltd.

The Noida-based company said on Thursday that it hopes to recover lost ground in its products and platforms business in the ongoing third quarter, which is a seasonally strong one for that business.

Imagicaa owns multiple theme parks around Mumbai and Pune and is promoted by Shetty, who owns 31% directly and indirectly. It has been facing financial pressures due to rising costs in the last couple of years. These pressures have been compounded due to the Covid pandemic which shut down theme parks across the world.

Negotiations are entering the formal stage just after the salt-to-steel conglomerate announced that it was raising $1 billion from investors, including TPG, by selling a minority stake in the electrical vehicle (EV) unit of Tata Motors.

A return to normalcy in the economy, the continued rush of retail investors and better-than-expected corporate earnings are helping indices overcome concerns over coal shortages, higher crude oil prices and steep valuations. On Thursday, upbeat earnings from IT companies Wipro and Infosys boosted market spirits.

Leading forging component maker Ramkrishna Forgings is planning to raise Rs 400-500 crore through qualified institutional placement (QIP) to prune its debt, said people aware of the development.

In another transaction, CLSA Global Markets sold 511,761 shares of Vijay Diagnostics at Rs. 562 per share through a bulk deal on the NSE.

Total income of the company dipped to Rs 167.51 crore in the quarter under review from Rs 176.62 crore in the same period a year ago.

HCL Technologies said that it won 14 large deals worth $2.3 billion in the reported quarter as against $1.7 billion worth of deals won in the previous quarter. The deal wins were greater than Infosys’ $2.15 billion in the September quarter.

The Birla group company attributed the strong performance to higher operating efficiency and turnaround in market sentiments.