The Govt Committee of the State Financial institution of India’s central board on Tuesday accredited long-term abroad fund elevating of as much as $3 billion. This fund elevating in single / a number of tranches below “Reg-S/144A” can be via a public supply and/or personal placement of senior unsecured notes in US greenback or every other main overseas forex throughout FY 2025-26.
In line with the market buzz the promoters of KPR Mill — KP Ramasamy, KPD Sigamani, and P Nataraj — are anticipated to divest as much as 3.2 per cent stake within the firm via block offers.. The full supply measurement is pegged at ₹1,195.6 crore, with a flooring worth of ₹1,107 per share. This represents a ten per cent low cost to the corporate’s present market worth.
Godrej Enterprises Group on Tuesday introduced that it has been granted 16 new patents by the Indian Patent Workplace in FY25, bringing its whole variety of granted patents to 122. The newly granted patents are in-home home equipment, inexperienced constructing supplies, good safety options, and sustainable engineering techniques, as per a press release.
BSE arm launches 4 new Issue Indices BSE’s subsidiary Asia Index on Tuesday launched 4 new BSE Issue Indices from BSE 500 Index Universe with the introduction of quarterly reconstitution for these factor-based indices for the primary time. These Indices have a base worth of 1000, and the primary worth date is June 20, 2005, as per an official assertion.
Sonata Software program on Tuesday introduced the launch of a managed providers platform, AgentBridge, designed to assist companies automate their operations utilizing AI. AgentBridge will allow firms to centrally design, deploy, and govern clever AI brokers throughout enterprise features, an organization assertion mentioned.
Non-bank lender UGRO Capital on Tuesday introduced its intent to lift as much as ₹915 crore via a obligatory convertible debenture challenge. Other than this, the entity targeted on lending to small companies may even be elevating ₹400 crore via a rights challenge by issuing shares to its current shareholders, as per an official assertion. The capital elevating train will take its general capital adequacy to 29.4 per cent as towards 19.41 per cent in March 2025, it mentioned, including that it’s going to present a major headroom for progress.
Ola Electrical Mobility Ltd Founder and Chairman & Managing Director Bhavish Aggarwal on Tuesday mentioned the corporate will begin deliveries of its electrical bike Roadster X in the direction of the top of this week. In a put up on social media platform X, Aggarwal wrote, “Roadster X deliveries beginning this Friday! Excited to see clients expertise our bike.” Final 12 months in August, he had introduced the corporate’s foray into the electrical bike section with the Roadster vary comprising Roadster X, Roadster, and Roadster Professional.
The Ministry of Company Affairs (MCA) is aiming to conclude the probe on Gensol Engineering and its associated entities in three to 5 months, mentioned a senior official on Monday. Based mostly on the findings of the investigation, the ministry will take additional steps, together with assessing the necessity to refer the case to the Critical Fraud Investigation Workplace (SFIO), the official mentioned.
Aman Mehta, third era of Torrent Group’s founder Mehta household, was on Tuesday appointed Managing Director of the conglomerate’s flagship Torrent Prescription drugs. He’s son of Samir Mehta, the present chairman of Torrent Pharma. Aman was appointed as a whole-time director on the board of Torrent Pharma in August 2022, marking the start of the third-generation management taking cost on the firm.
The Competitors Fee of India on Tuesday cleared Bajaj Group’s proposed acquisition of a 26 per cent stake every in its insurance coverage joint ventures, Bajaj Allianz Common Insurance coverage and Bajaj Allianz Life Insurance coverage, from its companion Allianz SE for a complete of Rs 24,180 crore. “The proposed mixture entails acquisition of 26 per cent paid-up fairness share capital of Bajaj Allianz Life Insurance coverage Firm Ltd (BALIC) and Bajaj Allianz Common Insurance coverage Firm Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Funding Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE,” the regulator mentioned in a launch.
REC Energy Growth and Consultancy Ltd (RECPDCL) has integrated Mekhali Energy Transmission Restricted as its wholly-owned subsidiary to arrange a substation in Karnataka. RECPDCL is a wholly-owned subsidiary of state-owned REC, a non-banking finance firm (NBFC) below the Ministry of Energy specializing in energy sector financing in India.
Gaming firm Nazara Applied sciences on Tuesday mentioned it has acquired Curve Digital Leisure (CDEL), a UK-based writer of PC and console video games, for ₹247 crore. The acquisition of 100 per cent possession in Curve Digital Leisure (CDEL) was carried out by Nazara Applied sciences UK, a wholly-owned subsidiary of Nazara Applied sciences and can be accomplished in 10 working days, the corporate mentioned in a regulatory submitting. By bringing Curve Video games into its portfolio, Nazara features entry to new platforms, genres, and key geographies, together with North America, Asia Pacific, and Europe, the submitting mentioned. In the meantime, the Competitors Fee of India has accredited the acquisition of majority stake/cotrol over Nazara Applied sciences by Axana Estates LLP, Plutus Wealth Administration LLP and Junomoneta Finsol Non-public Restricted.
United Breweries has entered right into a leasing association with Ilios Breweries Non-public Restricted (Ilios) to ramp up its manufacturing capability. In a regulatory The corporate knowledgeable the exchanges that it’s increasing its manufacturing capability in Andhra Pradesh with a purpose to strengthen its provide chain and meet rising client demand and guarantee continued availability of Kingfisher beer.
Trishakti Industries has secured a major contract from Jindal Stainless. Underneath this contract, Trishakti Industries will deploy superior heavy machines price Rs 5.25 crore for its ongoing Metal Challenge.
Outcomes Calendar:ONGC, Interglobe Aviation, Energy Finance Corp, Mankind Pharma, NTPC Inexperienced, RVNL, Colgate Pamolive, Oil India, IndusInd Financial institution, Uno Minda, Astral, NALCO, Ircon, Trident, Gallant Ispat, Star Cement, Va Tech Wabag, HG Infra, Gokaldas Exports, Gulf Oil Lubricants, GMM Pfaudler, Nirlon, VRL Logistics, Protean eGov, Vaibhav International, Indian Metals & Ferro Alloys, Dishman Carbogen, TeamLease, Prince Pipes, Interach Constructing Options, Geojit Fin. Companies, Range Kraft, Kilburn Engg, Balmer Lawrie Funding, Rupa & Co, Ultramarine & Pigments, Ramco System, Meghna Infracon, Cochin Minerals and Akshar Chem.
Revealed on Could 21, 2025