Biz Briefs

Hindustan Unilever has put up a total of 7 residential properties for sale in Mumbai and Gurgaon, which could fetch around Rs 35 crore. It is also putting on block two residential plots at Gurgaon

Opto Circuits India, a healthcare equipment maker, said it has raised about Rs 400 crore through the issue of shares to qualified institutional buyers on a private placement basis.

Tata Sons promoted Rallis India said it would issue up to 9.80 lakh shares to its main promoter Tata Chemicals on a preferential basis. Shares of Rallis India on Tuesday closed at Rs 905.65.

Federal Bank said it has started the financial diligence of Catholic Syrian Bank for a merger proposal between the two lenders. The bank posted a net profit of Rs 500 crore in 2008-09.

Indian Oil Corp and Adani Energy combine has bagged the rights to retail CNG to automobiles and piped gas to industries in Ghaziabad by quoting nil or zero pipeline tariff.

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