The Centre plans to divest up to 4.83 per cent stake in Mazagon Dock Shipbuilders Ltd through an offer for sale on Friday. The government will offload approximately 57.1 lakh shares (or 2.83 per cent stake), with an option to sell an additional 40.3 lakh shares (2 per cent) under a green shoe option. The OFS that opens for non-retail investors on April 4 and for retail investors on April 7 comes out with a floor price of ₹2,525 a share, a discount of 8 per cent to the Wedneday’s closing price.
Markets regulator SEBI on Thursday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) following its proposed acquisition of just over 34 per cent stake in the telecom operator on the conversion of spectrum dues into equity.
Jio Financial Services and BlackRock have subscribed were allotted 6.65 crore equity shares of Jio BlackRock Investment Advisers, a 50:50 joint venture between them, for cash at par, aggregating Rs.66.5 crore. TThe aggregate investment in the JV till date is Rs. 84.5 crore and the company will utilise the fresh amount to fund its business operations.
The Board of UltraTech Cement has approved the acquisition of 6.42 crore equity shares of Wonder WallCare, for an enterprise value of up to Rs 235 crore. The company has executed a Share Purchase Agreement with Wonder Cement and Kushal Sogani for acquiring a stake in Wonder WallCare.
The Securities and Exchange Board of India on has issued an administrative warning letter to IIFL Capital for regulatory non-compliance. The administrative warning letter dated April 1, was received by the company on April 2, 2025, IIFL Capital said in a regulatory filing on Thursday. Pursuant to the inspection of merchant banking activities undertaken by the company, Sebi issued administrative warning letter for non-compliance with certain regulatory guidelines and circulars, it said.
Parag Milk Foods has raised ₹161 crore fund from a clutch of investors, including promoter Shah family and Utpal Sheth, former chief executive officer of Rakesh Jhunjunwala’s RARE Enterprises. The fast moving consumer goods company has raised the money through a preferential issue of 90 lakh convertible warrants which will translate into an equal number of paid-up equity shares on conversion, according to a statement. The convertible warrants have been issued at a price of ₹ 179.10 per share warrant, the statement said.
Surya Roshni has received a major order worth Rs 116.15 crore (including GST) from GAIL Indi.a to the supply of coated pipes for projects located in Madhya Pradesh and Uttar Pradesh.
Balaji Amines has commissioned a 6 MW AC solar power plant, which will be operational in a phased manner under grid connectivity. The power from the 6 MW AC solar power plant will be utilized for captive consumption.
Jindal Steel and Power Ltd (JSPL) on Thursday said it has acquired Allied Strips Limited (ASL) for over Rs 217 crore. The acquisition has been made through JSPL’s wholly owned subsidiary Jindal Steel Odisha Limited (JSO), according to a regulatory filing. On the objectives behind the mover, JSPL said the acquisition will help JSO expand its product portfolio and provide significant synergies with the existing steel manufacturing business.
A consortium comprising Hitachi Energy India and state-owed BHEL has secured a contract to set up a 6,000 MW, 950-km high-voltage direct current link to transmit renewable energy from Bhadla in Rajasthan to industrial and transport hub in Fatehpur, Uttar Pradesh. The value of the order is not disclosed
NMDC Steel Ltd on Thursday said it has produced 2 million tonnes of hot metal in the 2024-25 financial year. This milestone marks a 100 per cent increase in hot metal production compared to the previous 2023-24 fiscal year, when its plant produced 9,66,468 tonne in its first seven and a half months of operation, NMDC Steel said in an exchange filing.
GMR Airports Ltd raises ₹400 crore through non-convertible bonds (NCBs) for infrastructure expansion. The 5% coupon bonds, with a 36-month tenure, will be listed on the BSE. Citi projects a 14.1% upside on the stock, citing strong fundamentals and expected 8% CAGR in passenger volume growth.
Divine Power Energy has completed the acquisition of entire stake in Vimlesh Industries for Rs 70 crore. Post-acquisition, Vimlesh Industries will become its 100 per cent subsidiary, DPEL said in a statement.
GR Infraprojects Limited has secured an arbitration award of ₹1,064.5 crore against the Chief Engineer, NH (S) Wing & Road Construction Department, Government of Bihar. The dispute pertained to claims raised by the company regarding the construction of a two-lane road with a paved shoulder on the Bhagalpur Bypass section of National Highway 80 under an EPC contract, the company said in a note to the exchanges.
Published on April 4, 2025
