Reliance Industries
Launches New Subsidiary “Reliance Intelligence”
Reliance Industries has incorporated a wholly owned subsidiary named Reliance Intelligence, further strengthening its diversified portfolio.
Rajoo Engineers
Signs Deal to Acquire Manufacturing Firm
Rajoo Engineers has executed a definitive agreement to acquire a company that manufactures machinery for multiple industries, expanding its product base.
Dr. Reddy’s Laboratories
Acquires J&J’s Stugeron Portfolio for $50.5 Million
The acquisition, worth ₹445 crore, marks Dr. Reddy’s entry into the anti-vertigo segment, enhancing its specialty medicine portfolio.
Premier Explosives
Wins ₹7.83 Crore Defence Order
The company has secured an order from the Ministry of Defence for procurement of Counter Measures, boosting its defence-related business.
Torrent Pharmaceuticals
Takes 26% Stake in Captive Green Energy Project
Torrent Pharma will subscribe to a 26% stake in Torrent Urja 27 for setting up a hybrid solar-wind captive power project in Gujarat.
Bank of Baroda
Cuts Lending Rate by 10 Basis Points
The bank has reduced its MCLR overnight by 10 bps to 7.85%, effective September 12, offering relief to borrowers.
63 Moons Technologies
Subsidiary Raises ₹180 Crore via Private Placement
63sats Cybertech, an arm of the company, successfully raised funds through private placement to support its growth plans.
Keystone Realtors
To Raise ₹375 Crore via NCDs
The company’s board has approved raising funds through non-convertible debentures on a private placement basis.
Highway Infrastructure
Bags Contracts Worth ₹88.73 Crore from NHAI
The firm won contracts for toll collection and maintenance at Muzaina Hetim toll plaza in UP and on the Delhi-Vadodara Greenfield Expressway.
Muthoot Finance
Infuses Equity into Muthoot Homefin
Muthoot Finance has subscribed to 2.6 crore new equity shares in its subsidiary, strengthening its housing finance arm.
Tega Industries
To Acquire Molycop in $1.48 Billion Deal
The company, along with partners, has signed a term sheet to acquire Molycop. It is also considering fund-raising via QIP or preferential allotment.
Rainbow Children’s Medicare
Opens 100-Bed Hospital in Andhra Pradesh
The new hospital in Rajahmundry adds to the chain’s growing network, taking its total bed capacity to 2,285.
Shyam Metalics
Forays into Crash Barrier Manufacturing
The company begins production at Giridih and plans a new ₹50 crore plant in Sambalpur, targeting up to 10% market share.
Astral
Acquires Remaining 20% in Astral Coatings
Astral has bought the balance stake in its subsidiary for ₹75 crore, making it a fully owned unit.
MedPlus Health
Arm Receives Seven-Day License Suspension
Optival Health, a MedPlus subsidiary, faces a temporary suspension order, with an estimated revenue loss of about ₹1.21 lakh.
Sterling and Wilson Renewable Energy
Files $10 Million Arbitration Claim in US
Its subsidiary has initiated litigation against Array Technologies at the American Arbitration Association.
Jyothy Labs
Exits Bangladesh JV
The company sold its entire 75% stake in Jyothy Kallol Bangladesh for BDT 3.01 crore to Kallol Enterprise.
Rail Vikas Nigam (RVNL)
Wins ₹169.48 Crore Railway Order
RVNL secured a project from West Central Railway for traction substation works.
SMS Pharmaceuticals
Converts Warrants into Equity Shares
The company has allotted 50 lakh new shares, raising its paid-up capital from ₹8.86 crore to ₹9.36 crore.
Eicher Motors
Passes on GST Benefit to Customers
VE Commercial Vehicles will cut prices of trucks and buses after GST on diesel, CNG, and LNG vehicles was reduced to 18% from 28%.
Bajaj Finserv
Reports ₹2,063 Crore Premium in August
Bajaj Allianz General Insurance posted strong premium growth, with cumulative premiums reaching ₹9,335.6 crore till August FY25.
Jupiter Wagons
Gets ₹113 Crore Railways Order
Its railwheel factory has received an LoA from the Railway Board to supply 9,000 LHB axles.
Gujarat Gas
MCA Approves Amalgamation Scheme
The Ministry of Corporate Affairs has cleared a composite scheme involving GSPC, GSPL, GSPC Energy, and Gujarat Gas.
Indian Metals & Ferro Alloys
Signs New Renewable Power Agreements
The company has cancelled earlier deals and signed new PPAs with JSW Renew Energy Twelve for 70 MW hybrid renewable supply.
Veranda Learning Solutions
Makes XL Learning Fully Owned Subsidiary
The company acquired the remaining 24% stake in Veranda XL through a cash-and-share swap.
Adani Ports and SEZ
Subsidiary Acquires Dependencia Logistics
Mandhata Build Estate, an Adani Ports arm, bought 100% stake in Dependencia Logistics for ₹37.77 crore.
Deepak Fertilisers and Petrochemicals
Takes Stakes in Two Renewable Projects
The company will acquire 26% each in Murli Solar Energy and Sunsure Solar Park Fifty One for captive solar and wind power needs.
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