Indus Towers

Vodafone Group Plc has announced its plan to sell the remaining 3 percent stake in Indus Towers, or 7.92 crore shares, and use the funds for the repayment of $101 million in settling outstanding dues. According to CNBC-TV18 sources, Vodafone Group Plc's units Omega Telecom Holding & Usha Martin Telematics are likely to sell the said stake in Indus Towers, with the offer size ranging between Rs 2,716.9 crore and Rs 2,835.8 crore at the offer price of Rs 343-358 per share. Meanwhile, Indus Towers has released the pledge on 3.003% of shares held by Vodafone promoters in the company on December 4, to enable the relevant Vodafone promoters to execute the sale of such shares.

Bharat Forge

The Pune-based forging company has announced the launch of a qualified institutions placement (QIP) book on December 4. The board has set a floor price at Rs 1,323.54 per share. According to CNBC-TV18 sources, the issue size may be up to Rs 1,650 crore.

Indraprastha Gas

The board will be meeting on December 10 to consider the issue of bonus shares to the equity shareholders.

Torrent Pharmaceuticals

The pharma company has entered into an agreement to acquire three anti-diabetes brands: Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin), and Xilingio (empagliflozin + linagliptin) from Boehringer Ingelheim International GmbH (BI). The acquisition is expected to be completed in March 2025. Torrent has been marketing these brands since 2022 as part of an existing co-marketing agreement with Boehringer Ingelheim India.

Dynamic Services & Security

The company has received an offer letter for a mega project from the Maharashtra government to set up a new project for the manufacturing of solar PV panels (1,800 MW) in Raigad. The company has decided on a fixed capital investment of Rs 1,080 crore for the project.

Larsen & Toubro

The company has completed the acquisition of a 15% stake in E2E Networks via preferential allotment. The secondary acquisition of 6% from the promoter of E2E Networks is expected to be completed on or before May 30, 2025.

Mastek

Arun Agarwal has resigned as Global Chief Financial Officer of the company, effective December 3.

Bondada Engineering

The company has received an order worth Rs 108.9 crore from Bihar Renewable Energy Development Agency. The work order involves the design, supply, and installation of remote monitoring systems for the smart solar street light system on identified existing electric poles under the Mukhyamantri Gramin Solar Street Light Yojana in Bihar state on an EPC basis.

Gallantt Ispat

Under the industrial promotion policies of the state governments, the company has been partly reimbursed Rs 80.45 crore against the payment of State Goods and Services Tax (SGST) paid by the company.

Force Motors

The company has reported a 0.05% increase in total sales for November, with 1,885 units sold, up from 1,884 units sold in the same month last year. Domestic sales grew by 12.4% to 1,736 units, but exports fell by 56% to 149 units during the same period.

Hero MotoCorp

The two-wheeler major has launched three variants of the V2 series of electric scooters - VIDA V2 – PRO, PLUS, and LITE, with the starting price at Rs 96,000.

Mazagon Dock Shipbuilders

The company has issued a clarification on a media report related to three additional submarines of the Scorpene class under project 75. It said that, in this connection, commercial negotiations regarding the project

Suraj Estate Developers

The company's subsidiary, Iconic Property Developers, has purchased, through a Conveyance Deed, a vacant parcel of land (1,464 square meters) in Mahim, Mumbai, for Rs 101 crore. The entire amount, along with stamp duty and registration charges, has been fully paid. The company will develop a commercial building with an expected gross development value of Rs 525 crore.

HT Media

The National Company Law Tribunal (NCLT) has approved the merger of HT Mobile Solutions with the company.

Technopack Polymers

The board has approved the issuance of one bonus share for every one share held by the eligible equity shareholders of the company as of the record date.

Vimta Labs

Rama Narahai Naidu Dodda has resigned as Chief Financial Officer of the company, effective December 10, as he wants to pursue career opportunities outside the company.

Muthoot Microfin

The Kerala-based microfinance institution has reduced lending rates by 25 basis points for income-generating loans and by 125 basis points for third-party product loans.

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