In a flurry of corporate activity, several Indian companies have announced significant developments spanning various sectors. From financial moves and production milestones to regulatory approvals and strategic restructuring, these updates reflect the dynamic nature of India’s business landscape. Notable announcements include HDFC Life’s consideration of a substantial debt raise, Mazagon Dock’s production commencement for a key project, and Delta Corp’s approval for a major business demerger.
- HDFC Life: Board meet on Sept 27 to consider terms for ₹2,000 cr subordinated debt raise
- Mazagon Dock: Commenced production activity for first MPV for Navi Merchants, Denmark
- Delta Corp: Board approves demerger of hospitality and real estate business
- PC Jewellers: To consider sub-division/stock split on September 30
- MCX: Revises transaction fees for futures & options contracts w.e.f. Oct 1
- Solar Industries: Gets NCLT nod for scheme of amalgamation of Rajasthan Explosives with arm
- Sarda Energy: Gets environmental nod to expand production capacity of Gare Palma block
- Hariom Pipes: Board approves ₹700 cr fund raise plan via multiple modes including QIP
- CarTrade: Warburg Pincus unit sells entire 8.6% stake via blocks, Mirae Asset MF among buyers
- Tata Elxsi: Delivers world’s first RDK-B integration on Qualcomm 5G fixed wireless platform
- Mahindra Holidays: Assumes complete management of Club Mahindra Golden Landmark Resort in Mysuru
- Exxaro Tiles: BofA buys 6.7 lakh shares worth ₹6.4 cr via block deal through European subsidiary
- NBCC: State-owned NBCC seeks Supreme Court permission to develop Supertech’s 17 stalled projects
- Tata Power: Fire in control room of Trombay plant, no casualties, adequate insurance in place
- Shilpa Medicare: Promoters pledge 34.25 lakh shares (3.49% equity)
- KEC International: Sources say company launches QIP to raise up to ₹870 cr, indicative price ₹955/sh
- EaseMyTrip: Sources say promoters to sell up to 8.5% stake via block deals, indicative price ₹41.5/sh
- Gillette India: Bangladesh distributor terminates agreement effective Dec 31, 2024
These diverse corporate actions underscore the ongoing evolution and growth initiatives across multiple industries in India. From infrastructure and manufacturing to technology and consumer goods, companies are making strategic moves to strengthen their market positions, expand operations, and unlock value for shareholders. As these developments unfold, they are likely to shape the trajectory of the respective companies and potentially influence broader market trends in the coming months.
