Several companies made headlines today with crucial developments, from stake sales and fundraising plans to regulatory actions and project wins. Here’s a detailed look at the updates:
Gujarat Fluorochemicals: Promoter Offloads Shares at Discount
Promoter entity Devansh Trademart sold up to 13 lakh shares of Gujarat Fluorochemicals at an offer price of ₹3,500 per share. The price represents a 5.3% discount to the stock’s current market value, according to sources cited by NDTV Profit.
Lupin: USFDA Flags Six Observations at Nagpur Plant
The US Food and Drug Administration (USFDA) concluded its inspection of Lupin’s Nagpur facility, carried out between September 8 and 16. The regulator issued six observations at the end of the inspection.
Amber Enterprises: Launches ₹1,200 Crore QIP
Amber Enterprises has opened a Qualified Institutional Placement (QIP) issue worth ₹1,200 crore. The company has set the floor price at ₹7,790.88 per share, about 6% lower than the last traded price.
TVS Holdings: Board to Mull Bonus Preference Shares
TVS Holdings announced that its board will meet on September 22 to consider issuing cumulative non-convertible redeemable preference shares by way of a bonus.
Bluedart: Subsidiary Faces ₹420 Crore Tax Demand
A subsidiary of Bluedart has received a show cause notice from the GST & Central Excise Commissioner demanding tax recovery of ₹420 crore. The notice pertains to dues between April 2021 and March 2023.
Tech Mahindra: LIC Ups Stake to 10.84%
Life Insurance Corporation of India (LIC) has increased its shareholding in Tech Mahindra to 10.84% from 8.84% through open market purchases.
Bharat Electronics: Wins ₹712 Crore in Fresh Orders
Bharat Electronics Limited (BEL) announced it has bagged additional orders worth ₹712 crore since its last disclosure on September 1.
Mahindra Lifespace Developers: Bags Chembur Redevelopment Deal
Mahindra Lifespace Developers has been chosen as a partner for the redevelopment of two housing societies in Chembur, Mumbai. The project offers a gross development potential of ₹1,700 crore.
Ashapura Minechem: Ties Up with China Railway for Guinea Project
Ashapura Minechem’s overseas arm has signed a long-term pact with China Railway to jointly develop the Boffa bauxite deposit in Guinea. China Railway will support mining, logistics, and port infrastructure services.
Dr. Reddy’s Laboratories: Launches Novel GI Molecule in India
Dr. Reddy’s Laboratories has launched Tegoprazan, a novel patented molecule designed to treat acid-related gastrointestinal diseases, in the Indian market.
Coal India: Declared Preferred Bidder for Rare Earth Block
The Ministry of Mines has named Coal India as the preferred bidder for exploring the Ontillu-Chandragiri rare earth element block.
Nectar Lifesciences: Slump Sale Deadline Extended
Nectar Lifesciences and its purchaser have agreed to extend the completion deadline for its proposed slump sale to October 20, 2025.
Premier Explosives: Telangana Plant Resumes Operations
The Telangana Pollution Control Board has revoked its closure order, clearing Premier Explosives to resume production activities at its factory in the state.
One Mobikwik: Unauthorized Settlements Hit ₹26 Crore
Digital payments firm One Mobikwik reported unauthorized monetary settlements carried out by some merchants and users in Haryana on September 11–12. Authorities froze linked bank accounts, and the company estimates a net financial impact of ₹26 crore.
Thermax: Subsidiary Loses Wholly-Owned Status
Thermax announced that its step-down arm, Fortmax Chemicals India, has ceased to be a wholly owned subsidiary.
SJS Enterprises: Partners BOE Varitronix for Auto Displays
SJS Enterprises has signed an agreement with Hong Kong-based BOE Varitronix to collaborate on the manufacturing of automotive displays in India.
Quality Power: Bags ₹11.5 Crore Order
Quality Power secured an order worth ₹11.5 crore for the supply of reactors to be used in a STATCOM project.
Akzo Nobel India: CCI Clears JSW Paints Stake Purchase
The Competition Commission of India has approved JSW Paints’ plan to acquire up to 75% shareholding in Akzo Nobel India.
Vedanta: NCLAT Clears Talwandi Sabo Demerger Plan
The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order that rejected Vedanta’s proposed demerger of the Talwandi Sabo power plant.
Authum Investment: To Infuse ₹300 Crore in Serovia Pharma
Authum Investment has signed an agreement to invest nearly ₹300 crore in Serovia Pharma by subscribing to 18.95 lakh compulsorily convertible preference shares.
Tata Communications: Dutch Subsidiary Liquidated
Tata Communications confirmed that its non-operational arm in the Netherlands has been wound up and liquidated.
Angel One: Sets Up Life Insurance Arm
Brokerage firm Angel One has incorporated a new associate entity, Angel One Livwell Life Insurance.
Globe Civil: Wins ₹13.1 Crore NIT Delhi Project
Globe Civil received a letter of intent for constructing a sports complex at the National Institute of Technology (NIT) Delhi, valued at ₹13.1 crore.
NLC India: Bags Mineral Block Rights in Chhattisgarh
The Chhattisgarh government has issued a letter of intent to NLC India for the Semhardih and Raipura phosphorite and limestone blocks.
Railtel Corporation: Secures ₹57.5 Crore Bihar Project
Railtel Corporation received a letter of acceptance for an order worth ₹57.5 crore from the Bihar Educational Infrastructure Development Corporation.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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