Cipla

Promoters are likely to sell up to 1.72% stake (equivalent to 1.39 crore shares) in Cipla via block deals, reports CNBC-TV18, quoting sources. The block size may be around Rs 2,000 crore, while the offer price is expected to be Rs 1,442 per share.

Home First Finance Company India

Promoters are likely to sell a 14.7% stake in Home First via block deals on Monday, with the block size at Rs 1,267 crore, reports CNBC-TV18, quoting sources. The floor price is expected to be Rs 968 per share. The likely sellers are True North Fund V LLP (Warburg Pincus), Orange Clove Investments B V, and Aether (Mauritius).

Biocon

The company's subsidiary, Biocon Biologics, has announced that the US Food and Drug Administration (FDA) has approved YESINTEK (Ustekinumab-kfce), a biosimilar to the reference product, Stelara (Ustekinumab). YESINTEK is a monoclonal antibody used for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.

Aster DM Healthcare

The company announced a merger with Blackstone-backed CARE Hospitals, creating one of India’s top three hospital chains. Aster DM will acquire 1.9 crore shares of Quality Care India (CARE Hospitals) from Blackstone and Centella at Rs 445.8 apiece by issuing 1.86 crore of its own shares to Quality Care's shareholders at Rs 456.33 per share.

TVS Motor Company

The company has agreed to acquire an additional 7,914 equity shares (comprising 39.11% of paid-up equity) in DriveX Mobility from its existing shareholder for Rs 97.8 crore. After this transaction, its shareholding in DriveX will increase to 87.38%, making DriveX a subsidiary of the company.

Cochin Shipyard

The company has signed a contract worth Rs 1,000 crore with the Ministry of Defence for the short refit and dry docking of a large Indian Naval Vessel. The estimated duration for the project is around 5 months.

KEC International

The RPG Group company has secured new orders worth Rs 1,040 crore in its transmission and distribution business in international markets.

DLF

The company's subsidiary, DLF Info City Developers (Kolkata), has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (an affiliate of the Primarc & RDB group), on a slump sale basis for Rs 637 crore. Kolkata Tech Park 1 is one of the largest IT parks in eastern India, with a gross leasable area of 1.49 million square feet.

Greaves Cotton

The company announced that the board members of Greaves Electric Mobility have approved the proposal for an IPO of Greaves Electric Mobility. The IPO will consist of both a fresh issue and an offer-for-sale of equity shares by existing shareholders. Meanwhile, the company's subsidiary, Excel Controlinkage, has appointed Neeraj Sharan as its new Executive Director & Chief Executive Officer.

RBL Bank

The bank and Bajaj Finance have mutually decided to stop the issuance of new co-branded credit cards under their partnership. This does not materially change the bank’s plans for its credit card business. RBL Bank will continue to service the existing portfolio of approximately 3.4 million co-branded credit cards issued under this partnership.

GP Petroleums

The company has entered into a supply agreement for Bulk Bitumen - VG30, with Hindustan Petroleum Corporation (HPCL). The initial order period for the agreement is one year, which may be extended for a further period of one year at HPCL's discretion. The total deliverable value is Rs 223 crore.

Lemon Tree Hotels

The company has signed two license agreements for hotel properties in Mussoorie and Varanasi. Both properties will be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Keys Prima by Lemon Tree Hotels, Mussoorie is expected to open in FY26, while Lemon Tree Hotel, Varanasi is expected to open in FY28.

Larsen & Toubro

The Joint Commissioner, CGST and Central Excise, Bhopal, imposed penalties of Rs 173.2 crore on L&T for the assessment years 2017-18 to 2021-22. The company does not agree with the tax demands raised and will be filing an appeal against the order seeking tax, interest, and penalties. The company expects a favourable outcome at the appellate forum.

Vikasdhan - Grow your Dhan with Vikasdhan

Disclaimer- not an investment advice, only for educational purpose. To read complete disclaimer, click on the link https://www.vikasdhan.com/disclaimer