In a significant boost to India’s defense capabilities, the Ministry of Defence (MoD) on September 9 signed a Rs 26,000 crore contract with Hindustan Aeronautics Limited (HAL) for the supply of 240 AL-31FP aero engines for the Su-30MKI fighter jets. The contract marks a crucial step in ensuring the long-term operational capability of the Indian […]
GMR Airports Infrastructure Ltd announced on 9 September that it has entered a major acquisition to buy a 10% stake in Delhi International Airport Limited from Fraport AG Frankfurt Airport Services Worldwide for a consideration of $126 mn. Inked through a Share Purchase Agreement between GMR Airports and the German-based Fraport AG, who has been
GMR Airports to Acquire 10% Stake in Delhi Airport for $126 Million Read More »
Electric two-wheeler manufacturer Ather Energy has filed for an Initial Public Offering (IPO), including a fresh issue of shares worth Rs 3,100 crore, according to a draft red herring prospectus submitted on September 9. The IPO also includes an offer for sale (OFS) of up to 22 million shares by investors and promoters. Founders Tarun
Ather Energy Files for Rs 3,100 Crore IPO, Including Fresh Issue Read More »
The Rs 6,560-crore IPO of Bajaj Housing Finance, which opened for bidding on September 9, was fully subscribed within the first four hours. The portion reserved for HNIs (Non-Institutional Investors) has already been oversubscribed, while the Retail Individual Investors (RII) category is nearing full subscription, having been 97% subscribed by 2 PM. Bajaj Housing Finance
On World EV Day, September 9, Mahindra & Mahindra’s electric vehicle arm, Mahindra Last Mile Mobility Limited (MLMML), introduced its upcoming commercial electric four-wheeler, the ‘e-ZEO’. The name stands for “Zero Emission Option,” reflecting the vehicle’s eco-friendly benefits. Designed to compete with internal combustion engine (ICE) vehicles in the small commercial vehicle (SCV) sector, the
Mahindra & Mahindra Unveils ‘e-ZEO’ Commercial Electric Four-Wheeler on World EV Day Read More »
Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green
Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order Read More »
Max Financial Services’ promoter entity, Max Venture Investment Holdings Pvt Ltd, sold a 3.2% equity stake in the company on September 5, amounting to over Rs 1,218 crore. This sale represents nearly half of the promoter’s shareholding, as per a filing with the stock exchanges. The stake sale involved 1.1 crore shares, with proceeds used
Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade Read More »
Indigo Paints saw a massive 25% equity stake sold for around Rs 1,750 crore in block deals on September 6, with Peak XV Partners (formerly Sequoia India) offloading part of its holding. Peak XV sold 11% of its stake, or 52 lakh shares, at Rs 1,493 per share, a 4.6% discount to the previous closing
Indigo Paints: 25% Stake Sold for Rs 1,750 Crore in Block Deal Read More »
Udayshivakumar Infra’s shares are expected to be in focus on September 6 after the company, through its joint ventures (JVs) with KMC Construction (KMCCL), secured three new National Highway projects worth Rs 1,057.3 crore in total. The infrastructure company, in an attempt to expand its business, formed the JVs with KMCCL to bid for highway
Udayshivakumar Infra Secures Rs 1,057 Crore National Highway Projects Read More »
Adani Group is planning to raise between Rs 30,000 and Rs 40,000 crore from retail and high-net-worth individual (HNI) investors over the next 3-4 years through non-convertible debentures (NCDs). This move aims to diversify the group’s funding sources and reduce reliance on loans from a limited set of lenders, including banks. On Wednesday, Adani Enterprises
