Corporate Highlights

• 3i Infotech raises Rs 318 Cr via QIP at Rs 84.75/sh

• Sujana Towers board approves issue of GDRs up to $ 12 million. The board also approves issue of FCCBs up to $ 12 million & shares / convertible warrants up to Rs 10 crore.

• Ratnamani Metals bags Rs 152 cr order from GAIL for gas transmission and distribution

• Sesa Goa promoters increase stake in co to 57.1% from 55%

• Harrison Malayalam has started a new tea processing plant at Kerala, with which its productioncapacity will go up by 20 lakh kgs. The new plant will bring in operational efficiencies. Thecompany expects to bring down wage related cost escalation through modern fully automated plant.

• Tata Consultancy Services (TCS) has won the country's largest State Wide Area Network (SWAN) project from the government of Andhra Pradesh on a five year Build, Own, Operate and Transfer (BOOT) model. This is the fourth SWAN project TCS has bagged in a row, demonstrating wider acceptance of its expertise in the infrastructure management space.