On April 23, 2025, Rane (Madras) Limited (RML), a subsidiary of Rane Holdings Limited, allotted 59,58,439 equity shares of ₹10 each pursuant to the approved Scheme of Amalgamation involving Rane Engine Valve Limited and Rane Brake Lining Limited merging into RML. Following this allotment, Rane Holdings’ stake in RML stands at 1,76,31,213 equity shares, representing…
On April 23, 2025, Piramal Healthcare Inc. (PHI), a material step-down wholly owned subsidiary of Piramal Pharma Limited (PPL), entered into a Stock Subscription Agreement and Loan Conversion Agreement to subscribe to 1,903 optionally convertible redeemable preference shares (OCRPS) of PPL Pharma Inc., another step-down wholly owned subsidiary of PPL. Each OCRPS has a face…
JK Paper Limited has successfully acquired a majority stake in Quadragen Vethealth Private Limited (QVPL), marking a strategic diversification into the specialty animal health and nutrition sector. 🔹 Acquisition Overview Stake Acquired: 62.14% of QVPL’s equity shares, totaling 3,728,400 shares. Acquisition Date: April 22, 2025. Remaining Stake: An additional 2.86% (171,600 shares) is expected to…
360 ONE WAM Limited (formerly IIFL Wealth Management) has announced significant strategic initiatives aimed at expanding its wealth management services and strengthening its market position. 🔹 Strategic Collaboration with UBS AG On April 22, 2025, 360 ONE WAM Limited’s Board approved an exclusive strategic collaboration with UBS AG to enhance wealth management solutions for both…
National Fertilizers Limited (NFL), a Government of India undertaking, has announced its decision to enter into a Joint Venture (JV) to establish a new Ammonia-Urea complex, Namrup-IV, in Namrup, Assam. This initiative aligns with the Union Cabinet’s decision dated March 19, 2025, and aims to enhance fertilizer production capacity in the region. Key Details: JV…
Key Updates for Investors in Jio Financial Services Limited (earlier known as Reliance Strategic Investments Limited): Financial Results Approved:On April 17, 2025, the Board of Directors approved the company’s audited financial statements for the year ending March 31, 2025. This includes both standalone and group (consolidated) results. The Audit Committee had recommended this approval. Final…
SRF Limited has announced the successful commissioning and capitalization of its agrochemical intermediate manufacturing facility at Dahej, Gujarat. The project, initially approved by the Board on October 27, 2023, was estimated to cost ₹235 crore. The first phase was commissioned on July 31, 2024, at a cost of ₹190 crore. As of April 10, 2025,…
EPACK Durable Limited has announced a significant capacity addition to support its newly launched washing machine product line. Key Highlights: Proposed Capacity Addition: Approximately 600,000 units per annum Timeline: Capacity to be added within approximately 1 year Investment Required: Approximately ₹50 crore Mode of Financing: Internal accruals (own funds) Rationale: Enhancement of production capacity to…
IRCON International Limited has been awarded a significant contract by the Signal & Telecommunication (S&T) Construction division of North Western Railway, Indian Railways. 📌 Contract Overview Project Scope: Design, manufacture, supply, installation, testing, and commissioning of microprocessor-based Electronic Interlocking (EI) systems (with inbuilt block instruments) at 20 stations in the Ajmer Division. The project also…
Bajel Projects Limited, a subsidiary of Bajaj Electricals Limited, has secured multiple EPC contracts for power transmission lines and AIS substations in India. These contracts are categorized as “Ultra Mega” projects, each valued at ₹400 crore or more. Key Orders Awarded: 765kV Transmission Line in Andhra Pradesh Client: PowerGrid Corporation of India Limited (PGCIL), on…