Welspun Corp
Its subsidiary has secured a ₹1,165 crore contract from the Saudi Water Authority for the supply of steel pipes.
Shriram Finance
Board approves the allotment of 7,500 NCDs to raise ₹150 crore, including a ₹100 crore green shoe option.
ICICI Bank
Executes a share purchase agreement to acquire a 2% stake in ICICI Prudential AMC for ₹2,140 crore.
IndiGrid
Board approves a ₹1,000 crore fundraise through rights issue and preferential allotment.
ITC Hotels
Three shareholders offload 8.98% stake; combined holding of Tobacco Manufacturers, Myddleton Investment, and Rothmans International now reduced to 6.26%.
Siemens
Board clears the sale of its low-voltage motors division to Innomotics India for ₹2,200 crore.
Arvind Fashions
Anand Aiyer resigns as CEO of Brand Arrow; Nitesh Kanchan to take over effective Jan 1, 2026.
L&T
Approves the transfer of its realty business to L&T Realty Properties through a slump sale.
Tembo Global Industries
Board approves allotment of 4.4 lakh shares worth ₹21.6 crore to non-promoter investors.
Authum Investment
Approves issuance of 90 lakh NCRPS worth ₹900 crore.
IndiGo
Operated 1,800+ flights on Dec 8; 90% OTP recorded. Moody’s downgrades human-capital issuer score from 3 to 4 due to hiring challenges.
IIFL Finance
Board to meet on Dec 11 to consider raising funds via NCDs.
PhysicsWallah
Approves third tranche of acquisition in Utkarsh Classes; to buy 25,599 shares for ₹26.5 crore, raising stake to 75.5%.
Bajaj Finserv
Reports November figures:
• Bajaj General Insurance GDPI at ₹3,999 crore
• Bajaj Life Insurance premium at ₹1,087 crore
Sambhv Steel Tubes
Clears expansion plan for stainless-steel cold rolled and pre-galvanised coils; investment pegged at ₹50 crore.
HLE Glascoat
Receives BSE & NSE approval for listing of fully paid-up equity shares post the amalgamation with Kinam Enterprise.
Reliance Power
Board approves reclassification of Reliance Capital from promoter group to public shareholder category.
TCC Concept
Approves preferential allotment of 1 crore shares worth ₹592 crore to Pepperfry.
UFLEX
Launches ‘Project Plastic Fix’, a four-pillar initiative aimed at converting plastic waste into value-added resources.
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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