Corporate Snippets

RCom today announced acquisition of one of India’s largest cable service providers, Digicable, in a cashless all-stock deal. (BS)

Tata Power to raise Rs14bn via coal SPVs. (FE)

HDFC Bank is now looking for a south-based bank for its next phase of merger. (FE)

Raymond’s plan to utilise 125 acres of land at its Thane plant for residential and commercial purposes has met with strong objection from the Maharashtra Government. (BS)

ITC is setting up another unit at its existing paper mill in Bhadrachalam at a cost of Rs10bn. (BS)

The GMR Group has decided to keep on hold an agreement on distribution of promoters stakes among family members. (ET)