Hindustan Aeronautics

The Department of Public Enterprises announced that Finance Minister Nirmala Sitharaman has approved the upgradation of Hindustan Aeronautics to the 14th Maharatna Central Public Sector Enterprise (CPSE).

Indo Count Industries

The company's subsidiary, Indo Count Global, Inc, has acquired a 100% stake in Modern Home Textiles, Inc for $11.7 million by entering into a stock purchase agreement with the stockholders of Modern Home. The acquisition will be completed by October 31.

Ashoka Buildcon

The construction engineering company has received a letter of acceptance for projects worth Rs 2,000 crore from the Maharashtra State Road Development Corporation. The projects involve the construction of major bridges across Jaigad Creek between Tawsal and Jaigad, Kundalika Creek between Revdanda to Salav, and Bankot Creek between Kolmandla (District Raigad) to Veshvi on the Revas Reddi Coastal Highway in Ratnagiri, Maharashtra.

Adani Ports and Special Economic Zone

The company has completed the acquisition of a 95% stake in Gopalpur Port (GPL) from the existing shareholders of GPL.

Metropolis Healthcare

Rakesh Agarwal has resigned as Chief Financial Officer (CFO) of the company due to personal priorities, effective November 10.

IL&FS Transportation Networks

The company has entered into a Share Purchase Agreement with Axis Trustee Services (as the trustee of Roadstar Infra Investment Trust) to sell 24.35 crore equity shares of its subsidiary, Barwa Adda Expressway. It has also agreed to assign its receivables amounting to Rs 1,302.93 crore owed by Barwa Adda Expressway to the Trust by executing a Deed of Assignment with Axis Trustee Services (as the trustees) and Roadstar Investment Managers (as the Investment Manager of the Trust). The company will receive Rs 545.55 crore in cash and the balance in the form of units of the Trust.

Sudarshan Chemical Industries

The Board will meet on October 16 to consider raising funds through the issuance of equity shares via qualified institutional placements (QIP), preferential issues, rights issues, private placements, bonds, debentures, or any other method.

Wipro

The Board will meet on October 17 to consider the issuance of bonus shares for the company.

Valore Estate (DB Realty)

The company has received a letter of acceptance from the Municipal Corporation of Greater Mumbai (MCGM) for the construction, completion, and handing over of about 13,374 affordable housing tenements under the Project-Affected Persons (PAP) Scheme on the company’s land at Malad East, Mumbai.

Tega Industries

The Board has appointed Sanjeev Mishra as Global Head of Capital Equipment (Capex) Purchase of the company, effective October 11. Sanjeev Mishra was the Senior Vice President of the company.

JSW Infrastructure

The company's subsidiary, JSW Port Logistics, has completed the acquisition of a 70.37% stake in Navkar Corporation from its promoters.

JSW Energy

The company's subsidiary, JSW Energy PSP Two, has signed an Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The ESFA is for the supply of energy storage capacity for 40 years, during which the company will receive a fixed capacity charge of Rs 84.66 lakh per MW per annum.

PNC Infratech

The construction engineering company has received a Letter of Acceptance from the City & Industrial Development Corporation of Maharashtra (CIDCO) for a project worth Rs 2,039.6 crore. The project involves integrated infrastructure development of roads 20 meters wide and above, construction of various major and minor structures (flyover, minor bridges, VUPS, PUPS, etc.), and allied electrical works (street lighting) in TPS - 8, 9, and 12 under the NAINA project.

Indoco Remedies

The US FDA has determined the inspection classification of the Goa facility of the company as official action indicated (OAI). The US health regulator inspected the facilities at Goa Plant-II & III, L-32, 33, 34 in July 2024.

Sanofi Consumer Healthcare India

The company has entered into negotiations with CD&R for the sale of a 50% controlling stake in Opella, the consumer healthcare business. Headquartered in France, Opella employs over 11,000 people, operates in 100 countries, and manages manufacturing sites and four research and innovation centers.

HMA Agro Industries

The company has temporarily stopped production at one of its units in Aligarh, Uttar Pradesh, following a routine inspection conducted by local authorities.

Mahindra Holidays and Resorts India

Holiday Club Resorts Rus LLC (HCR Rus LLC), incorporated in Russia, has been voluntarily liquidated effective October 10. HCR Rus LLC is not a material subsidiary of the company, and its liquidation will have no material impact on the consolidated financials of the company. HCR Rus LLC has ceased to be a subsidiary of the company.

Gujarat State Fertilizers & Chemicals (GSFC)

The company has commissioned a manufacturing plant at Fertilizernagar, Vadodara, for the production of hydroxylamine sulphate crystal (FIX crystal). The new facility has an installed annual capacity of manufacturing 6,600 MT of FIX crystal.

Star Health and Allied Insurance Company

The company has issued a clarification regarding a data breach of customers, stating that its services remain fully operational without any disruption. Its Board has constituted a Risk Management Committee to handle the cybersecurity function.

Easy Trip Planners

The company has entered into a Share Subscription Agreement and the Shareholders’ Agreement for the acquisition of a 30% stake in Rollins International for Rs 60 crore. Rollins operates in the wellness and healthcare industry.

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