• OIL's board has approved an equity contribution of Rs 1,738 cr in North East Gas Distribution Company Ltd (NEGDCL). • NEGDCL, formed in July 2023, distributes piped natural gas in the Northeast. • OIL owns 49%, with Assam Gas Company holding the remaining 51%.
• M&MFIN estimated disbursements to be around Rs 4,400 cr, showing a 15% YoY growth. • YTD disbursements as of August 2023 were approximately Rs 20,950 cr, showing a 22% YoY.
• SpiceJet allocated 48 mn shares to nine aircraft lessors, settling a debt of Rs 2.31 bn ($28 mn) to resume full operations. • Shareholders approved a Rs 25 bn fundraising plan and a preferential share issue to lessors to clear dues.