Grasim Industries expanded its Bharuch plant in Gujarat, adding 1.23 lakh tonnes to its annual advanced materials capacity, bringing the total to 2,46,000 tonnes per annum, to boost its specialty chemical business.
Dr. Reddy’s Laboratories‘ global subsidiary purchased a 6.46% stake in Israel’s Edity Therapeutics for $1.97 per share to enhance its technology platform.
ACC inaugurated a new cement manufacturing facility in Ametha, Madhya Pradesh, with a production capacity of 1.0 MTPA.
Torrent Power established a new wholly-owned subsidiary in Gujarat to generate electricity from renewable sources.
Hikal faced a Rs 17.45 crore penalty from the Gujarat Pollution Control Board for alleged environmental law breaches.
SKF India acquired a 26.74% stake in Sun Strength Renewables for Rs 2.31 crore.
Edelweiss Financial Services‘ Zuno General Insurance received a GST demand of Rs 32.39 crore plus a penalty of Rs 3.23 crore.
Aditya Birla Capital extended the completion deadline for selling a 50% stake in Aditya Birla Insurance Brokers to March 31, 2024, pending approval from the Insurance Regulatory and Development Authority of India.
Nazara Technologies‘ subsidiary agreed to subscribe to a Rs 33.26 crore convertible note from Freaks 4U Gaming GmbH, payable in cash.
Oil India appointed Anfor Ali Haque as its resident chief executive starting January 1.
Nippon Life India AMC’s CFO Prateek Jain resigned from his role due to personal reasons.
HFCL secures a Rs 1,127.27 crore contract from BSNL.
– The contract involves providing equipment and services nationwide on a turnkey basis.
– The delivery is slated for completion within 18 months from the procurement date.
Macrotech Developers: Secures GST Order valued at INR 916M; Operations Unaffected.
Spandana Sphoorty Financial: Redeems INR 600M Commercial Papers.
Alphalogic Techsys: Obtains INR 1.36B Term Loan for Maharashtra Ethanol Project.
Grasim Industries: Jan 4 Board Meeting to Discuss Rights Issue & Capacity Expansion.
Mehai Technology: Converts INR 63.8M Warrants to Equity; Dev Information Tech: 294,117 Shares at INR 135.75 Each.
Coromandel International: Chennai Ammonia Leak Halts Operations Briefly; Resumes Post Inspection.
GPT Infraprojects: Secures INR 2.67B Bid.
City Union Bank: RBI Greenlights ICICI Prudential’s 9.95% Stake Acquisition.
Tide Water Oil: INR 9M Stock Damage in Autocare Lubricants Fire.
Intellivate Capital Ventures: Issues 2:1 Bonus Shares.
Trident: Invests INR 8.3B to Boost Yarn Capacity in Madhya Pradesh.
Goa Carbon: Owes INR 55.4M; ACC: Launches 1.0 MTPA Cement Unit in Madhya Pradesh.
Hinduja Global Solutions: Secures INR 750M Loan Facility; Bodal Chemicals: Starts Production in Saykha.
SBEC Sugar: Buys SBEC Bioenergy for INR 401.8M; Atul: Plant Restoration Ongoing Post Fire.
TCS: Jan 11 Meeting on Q3 Results & Dividend; Shriram Finance: Updates USD 35B Note Programme.
Dr. Reddy’s Lab: Acquires Edity Therapeutics Shares at $1.9715 Each.
Sunshine Capital: Jan 12 Meetings on Share Sub-division, Bonus Issue, & Fundraising.
Power Finance Corp: Jan 4 Meeting to Review FY 2023-24 Borrowing; Nazara Tech: EUR 3.6M Note to Freaks 4U Gaming.
Karur Vysya Bank: ICICI Prudential to Acquire up to 9.95% Stake; United Spirits: Faces INR 4.67B Penalty.
Paradeep Phosphates: Production Delayed Due to Ammonia Leak.
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