Mauritius Financial News

Air Mauritius flight were stuck on the aircraft for over five hours at Mumbai airport on Saturday before the airline decided to cancel it, one among the flyers said. The Air Mauritius flight MK 749 from Mumbai to Mauritius was to depart at 4.30 am and passengers boarded the plane from 3.45 am onwards, he said. There were nearly 200 passengers on board, including a 78-year-old man who developed a breathing problem as the aircraft's air-conditioning system was not working, he alleged.

ANI, “Several infants and a 78-year-old passenger on Mumbai to Mauritius flight MK749 of Air Mauritius developed breathing problems as ACs onboard the flight were not working. The flight was to depart at 4:30 am today.

Bangladesh, Mauritius, Bahrain and Bhutan till March 31. «We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect,» Consumer Affairs Secretary Rohit Kumar Singh told PTI. Traders are allowed to export this quantity till March 31. The modalities are being worked out, he said. Singh said the decision has been taken following a recommendation from the external affairs ministry.

₹157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024. The company informed the bourses that it allocated 84,69,996 equity shares at ₹186 per share on Wednesday, February 21,2024, to anchor investors. Also read: GPT Healthcare IPO opens tomorrow: GMP, issue details, 10 key things to know before investing in ₹525-crore issue Foreign and Domestic Institutions who participated in the anchor were Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.

₹321.6 crore for the quarter ended December. During the corresponding period of the last fiscal, the company had reported a net loss of ₹401.3 crore. Its total income during the quarter under review was ₹1,929 crore, nearly 20% higher than ₹1,607.7 crore earned during Q3 FY23.

Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings Limited, Mauritius to HKG Africa Weave Ltd for $3.5 million. Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz.

₹1,280 against the previous close of ₹1,331.20 and soon fell 4.7 per cent to hit the low of ₹1,268. Around 9:30 am, the stock traded 2.73 per cent lower at ₹1,294.90 on NSE. Whirlpool of India's promoter, Whirlpool Mauritius Ltd, will sell a 24 per cent stake worth $451 million ( ₹3,745 crore) in the company through a block deal on Tuesday, as per a term sheet reviewed by Mint.

JSW Steel: The steelmaker is in talks to pick up a 20% stake in Australia’s Blackwater coal mine from Whitehaven Coal for around $1 billion, said two people aware of the discussions. The companies are yet to decide on the final valuation.

₹1230 per share, representing a 7.6 percent discount from Monday's closing price, with plans to finalize the transaction by Wednesday. Also read: JSW Steel eyes stake worth $1 bn in Australia’s Blackwater coal mine The company aims to reduce its debt burden, as indicated in a U.S filing from November. Goldman Sachs is providing advisory services for the deal, as per the term sheet disclosed.

Whirlpool of India's foreign promoter, Whirlpool Corporation, is looking to sell up to 24% stake in the company through block deals in a transaction worth around $450 million, according to news reports. The floor price for the sale has been set at Rs 1,230 a share, which is at a discount of nearly 8% to the current market price of the stock. On Monday, Whirlpool shares closed nearly flat on the BSE at Rs 1,332.

India has allowed exports of onions on government-to-government basis to some countries, on recommendation of the Ministry of External Affairs, said people aware of the matter. One of the persons said a limited quantity of onion exports has been allowed for bilateral purposes though no decision has been taken on lifting a complete ban on onion exports. Details of the exporting agency could not be ascertained. Another person said the government has permitted exports of onions in limited quantities to Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan and Nepal, among others.

The company filed its draft red herring prospectus (DRHP) with market regulator Sebi last year.

RBI) signed terms of reference (ToR) with Nepal Rastra Bank on Integration of Unified Payments Interface (UPI) of India with National Payments Interface (NPI) of Nepal for cross-border remittances. The banking regulators of India and Nepal signed and exchanged Terms of Reference for integration of cross border payment between the two countries. The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers.

Carlyle Group on Thursday sold a 1.4% stake in private sector lender YES Bank for approximately Rs 1,057 crore. CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed.

MUMBAI: Ravi Kant Jaipuria’s RJ Corp acquired 1.07% or 2.8 million shares of Delhi-based Global Health through an open market transaction for 379 crore.

UPI payments are accepted in France, UAE, Singapore, Bhutan, and Nepal. After the announcement, MyGovIndia shared a world map, highlighting the countries where Indians can use UPI to make payments. UPI is India's mobile-based fast payment system, allowing customers to make instant payments round-the-clock using a Virtual Payment Address (VPA).

₹8 crore, and a discount of ₹119 per equity share is being offered to eligible employees bidding in the employee reservation portion. Entero Healthcare Solutions IPO raised ₹716 crore from 25 anchor investors at the upper price band of ₹1,258 per equity share. On the last day of subscription, the Entero Healthcare Solutions IPO was subscribed only 1.53 times.

The Ministry of External Affairs revealed today that Unified Payment Interface (UPI) services are now accessible in Sri Lanka and Mauritius. Prime Minister Narendra Modi participated in a virtual event marking the introduction of UPI and RuPay card services in these countries.

In the unlisted market, the company's shares are trading with a marginal premium of Rs 10.

Unified Payment Interface (UPI) services were rolled out in Sri Lanka and Mauritius on Monday during a virtual ceremony attended by Prime Minister (PM) Narendra Modi and the top leadership of the two island nations, underlying New Delhi's leadership in the Indian Ocean Region. India's RuPay card services were also launched in Mauritius. Lankan President Ranil Wickremesinghe and PM Pravind Jugnauth of Mauritius were present on the occasion. Jugnauth said the co-branded RuPay card would be designated as a domestic card in Mauritius. Calling it a special day, Modi said, «Today we are connecting our historical relations in a modern digital way. This is proof of our commitment to the development of our people. Through fintech connectivity, not only cross-border transactions but also cross-border connections will be strengthened. India's Unified Payments Interface, that is UPI, is now performing a new responsibility — Uniting Partners with India.»

UPI in Mauritius, Sri Lanka: The Unified Payment Interface (UPI) services was launched in Sri Lanka and Mauritius, as announced by the Ministry of External Affairs on February 12 at 1 pm. India has successfully initiated its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, accompanied by the introduction of RuPay card services in Mauritius as part of a strategic endeavour.