
Grasim Industries | Aditya Birla Group’s flagship holding firm announced that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹1,000 crore. The company will raise the funds through fully-paid, unsecured, listed, rated, and redeemable rupee-denominated NCDs priced at ₹1,00,000 each.
Adani Group | The Adani Group is under the US Department of Justice’s scanner once again, reports the Wall Street Journal (WSJ) — this time for allegedly importing Iranian liquefied petroleum gas (LPG) into India through the Mundra port. A WSJ investigation into tankers that regularly travelled between Mundra and the Persian Gulf found that their behaviour often exhibited traits seen by ships seeking to evade sanctions, the report said.
Aptus Value Housing | Private equity firm Westridge Investments is set to divest a 9.8% stake in Aptus Value Housing Finance India Ltd through a block deal worth ₹1,495 crore, sources privy to the developments told CNBC-TV18. The floor price for the transaction has been fixed at ₹305 per share, sources close to the development said.
HCLTech | IT services company, announced a strategic partnership with UiPath, a leader in agentic automation, to accelerate agentic automation for UiPath customers globally. The partnership will drive large-scale transformation for enterprises across industries, enabling more intelligent and self-sufficient business process operations that require minimal human intervention.
Zinka Logistics | Quickroutes International is likely to divest a 9% stake in Zinka Logistics Solutions Ltd, a digital platform for truck operators, through a block deal, aiming to raise approximately ₹647 crore, sources privy to the developments told CNBC-TV18. The floor price for the sale has been set at ₹405 per share, the sources said.
MAN Industries | The company announced plans to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares to promoter and non-promoter entities, subject to shareholder and regulatory approvals. The proposal includes the issuance of 12,19,512 convertible warrants to Man Finance Private Limited at ₹328 each, aggregating approximately ₹39.99 crore. Additionally, 79,26,822 equity shares will be allotted to non-promoters at the same price, totalling around ₹259.99 crore.
Biocon | The company said it has received regulatory approval in India for its Liraglutide drug substance, while its wholly owned subsidiary Biocon Pharma has secured clearance for the drug product — a 6 mg/ml solution for injection in pre-filled pens and cartridges. The generic version of Novo Nordisk’s Victoza is indicated for treating Type 2 diabetes in adults, adolescents, and children aged 10 and above, as an add-on to diet and exercise.
Torrent Power | Ahmedabad-based company said it has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Limited, a subsidiary of global integrated energy company BP, for the supply of up to 0.41 MTPA (million tonnes per annum) of LNG from 2027 to 2036. The LNG procured under this agreement will be utilised by Torrent Power, including to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India.
Jindal Stainless | The company said it has acquired a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project for its manufacturing operations. The SPV, named Oyster Green Hybrid One Private Limited, has been formed in collaboration with Oyster Renewable Energy Private Limited.
Glenmark Pharma | Ichnos Glenmark Innovation (IGI), a biotechnology company focused on cancer treatments, has announced positive results from an early-stage global study of its investigational drug for patients with relapsed or refractory multiple myeloma — a type of blood cancer that affects plasma cells in the bone marrow.