Sterlite Technologies Raises ₹1,500 Crore via QIP to Strengthen Capital Base
Sterlite Technologies Limited has successfully concluded a Qualified Institutional Placement (QIP), raising ₹1,500 crore through the allotment of 25.73 million equity shares. The capital infusion increases the company's paid-up equity share capital to ₹1,027.79 crore and is intended to support the firm's balance sheet and growth initiatives in the optical connectivity sector.
AWL Agri Business Expands Portfolio with Madhur Sugar, Reaching 135 Million Households
AWL Agri Business Limited has officially integrated the Madhur sugar brand into its food portfolio, a move designed to strengthen its position in the Indian FMCG market. The company aims to leverage its distribution network of 2.6 million outlets to provide branded, hygienic sugar to millions of households.
Paisalo Digital Promoters Increase Stake by 4.97% to Reach 46.72% in Q1FY27
Paisalo Digital's promoter group has acquired an additional 4.97% stake through open-market transactions, raising their total ownership to 46.72%. This consistent increase in shareholding underscores management's confidence in the company's AI-driven lending roadmap and mission to double its AUM within three years.
Apar Industries Board Approves ₹2,500 Crore Fund Raise via Equity and Warrants
The Board of Directors of Apar Industries has authorized a capital raising program of up to ₹2,500 Crore through various equity-linked instruments. This move aims to strengthen the company's balance sheet and provide the necessary capital for its diverse electrical equipment business segments.
Embassy REIT Launches 211-Key Hilton Garden Inn at Embassy TechVillage Bengaluru
Embassy REIT has officially launched the Hilton Garden Inn at Embassy TechVillage in Bengaluru, marking the first phase of a major 529-key dual-branded development. This addition expands the REIT’s hospitality footprint within its flagship business park to serve a community of over 100,000 corporate users.
Kirloskar Pneumatic Launches India's First Indigenous A800 Centrifugal Compressor
Kirloskar Pneumatic has launched the Tezcatlipoca A800, an advanced two-stage centrifugal air compressor designed for the 600 to 980 CFM range. As India's first indigenous solution in this capacity class, it aims to replace traditional dry screw compressors in critical industrial applications.
SRM Contractors Secures Infrastructure Orders Worth ₹500.99 Crore from Railway and Road Agencies
SRM Contractors Limited has secured three major infrastructure contracts totaling ₹500.99 Crore across various regions in India. These projects involve specialized civil engineering works for state and central government entities, including the Ministry of Road Transport and Highways and Northeast Frontier Railway.
Anar Jayeshbhai Patel Acquires 10.35% Stake in Craftroot Retail Ltd via Open Offer
Anar Jayeshbhai Patel has completed the acquisition of a 10.35% stake in Craftroot Retail Limited, acquiring 3,46,870 equity shares. The transaction, executed through a Share Purchase Agreement and a subsequent Open Offer, marks the acquirer's formal entry into the company's promoter group.
Ceigall India Subsidiary Executes ₹1,700 Crore PPA for 220 MW Morena Solar BESS Project
Ceigall Morena Solar BESS Park Limited, a wholly-owned subsidiary of Ceigall India Limited, has formally executed a Power Purchase Agreement with Rewa Ultra Mega Solar Limited. The ₹1,700 crore project involves a 220 MW solar facility integrated with Battery Energy Storage Systems in Madhya Pradesh.