Sammaan Capital: Avenir Investment Infuses ₹8,850 Crore
Avenir Investment to acquire a 43.46% stake through shares and warrants at ₹139 apiece, an 18% discount to current price. Investment split into ₹4,587 crore via shares and the rest through warrants in two tranches. An open offer will follow.
CSB Bank Reports Strong Growth in Q2
Total deposits surged 25% YoY to ₹39,651 crore, while gross advances rose 29% YoY to ₹34,730 crore.
SKF India Sets Record Date for Demerger
October 15 fixed as the record date for entitlement of SKF Industrial shares. NCLT had earlier approved the demerger with SKF Industrial.
PTC Industries Subsidiary Wins Global Project
Trac Precision Solutions secured a multi-million-pound deal with Coolbook to supply machine and cast components for Rotodynamic heater.
PC Jeweller Delivers Strong Q2 Performance
Standalone revenue jumped 63% YoY in Q2, while bank debt was reduced by 23%.
Nestlé Expands Maggi Capacity in Gujarat
Added a new Maggi noodles production line at Sanand, Gujarat with an ₹85 crore investment.
Ashoka Buildcon Acquires Stake in Toll Road Project
Subsidiary Viva Highways purchased 7.46 crore shares in Jaora-Nayagaon Toll Road Company for ₹166 crore.
Hexaware Technologies Faces Legal Complaints in US
Natsoft Corp and Updraft LLC filed cases alleging patent infringement and breach of contract. The company has not received official notices yet.
TBO Tek Completes Classic Vacations Acquisition
Subsidiary TBO LLC acquired 100% stake in Classic Vacations, which will now be a step-down subsidiary.
Tata Power Subsidiary Signs Renewable Energy Pact
Agreement signed with Tata Power Mumbai Distribution to set up an 80 MW firm and dispatchable renewable energy project.
BLS International Expands into Hospitality
Subsidiary BLS UK Hotels acquired 100% of Trefeddian Hotel, Aberdovey, for ₹78.3 crore.
Adani Green Energy Adds New Renewable Capacity
Commissioned 50 MW solar and 31.2 MW wind projects at Khavda, Gujarat. Total operational renewable capacity now stands at 16,679.8 MW.
Maruti Suzuki September Sales Rise
Sales grew 2.7% YoY to 1.89 lakh units; exports surged 52% YoY. Production up 26.4% YoY to 2.01 lakh units, while festive deliveries hit a record 1.65 lakh in just 8 days.
TVS Motor Sees Double-Digit Growth
September sales rose 12% YoY to 5.41 lakh units, led by scooters (+17%), motorcycles (+9%), and EVs (+8%).
Zydus Lifesciences Gets USFDA Setback
USFDA issued a Complete Response Letter for CUTX-101 due to CGMP inspection issues. Company to request meeting with the regulator.
Hero MotoCorp September Sales Up
Sales grew 7.9% YoY to 6.87 lakh units. Exports surged 95% YoY, scooter sales jumped 54.4% to 61,003 units.
Indian Bank Shows Healthy Business Growth
Business rose 12.4% YoY to ₹13.9 lakh crore. Deposits grew 12% to ₹7.8 lakh crore and advances rose 12.9% YoY to ₹6.2 lakh crore.
Nuvama Wealth Gets SEBI Nod for Mutual Fund Business
Received approval to launch mutual fund operations and set up a wholly owned trustee arm.
Waaree Energies Approves ₹8,000 Crore Capex
Plans to expand lithium-ion storage plant to 20 GWh and enhance electrolyser and inverter plant capacities.
South Indian Bank Reports Steady Growth
As of Sept. 30, gross advances were up 9% YoY at ₹92,287 crore. Deposits grew 10% YoY to ₹1.15 lakh crore, with CASA rising 10% YoY to ₹36,841 crore.
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