Tata Motors

The Tata Group company will increase the prices of its cars, including electric vehicles, by up to 3% from January. This move comes as part of a trend among automakers raising prices to offset rising costs, reports Reuters.

Bharat Electronics

The company has received additional orders worth Rs 634 crore, including maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, test stations, spares, and services. With these orders, BEL has now accumulated a total of Rs 8,828 crore in orders for the current financial year.

Lupin

Life Insurance Corporation of India has reduced its stake in Lupin by 2.027%, bringing its holding down to 2.542% from 4.569% earlier. The reduction occurred between July 30 and December 6 of this year through open market transactions.

Tiger Logistics

The company has received board approval to raise up to Rs 400 crore through the issuance of equity shares, convertible instruments, or other permissible securities, in one or more tranches via preferential issue to finance its business growth plan.

NHPC

The Board will meet on December 12 to consider a revised borrowing plan for raising debt during FY25, including raising funds through the issuance of bonds up to Rs 2,600 crore in one or more tranches via private placement as part of the borrowing plan for FY25.

Vodafone Idea

The Board has approved the issuance of 175.53 crore equity shares worth Rs 1,980 crore at a price of Rs 11.28 per share to Usha Martin Telematics (Rs 700 crore) and Omega Telecom Holdings (Rs 1,280 crore), both of which are Vodafone Group entities and promoters of the company.

Brookfield India Real Estate Trust REIT

The REIT has opened its institutional placements issue on December 9, with a floor price set at Rs 287.55 per unit.

Bharat Forge

The forging company has raised Rs 1,650 crore by allocating 1.25 crore equity shares to several qualified institutional buyers, including ICICI Prudential Mutual Fund, HDFC Life Insurance, Aditya Birla Sun Life Trustee, Nippon Life India, SBI MF, Government Pension Fund Global, and Mirae Asset, at a price of Rs 1,320 per share.

GE Vernova T&D India

The company has received an order worth Rs 400 crore from Sterlite Power for the supply and supervision of 765KV power transformers and reactors for the Khavda project.

Torrent Power

The company has completed its Rs 3,500 crore qualified institutions placement, receiving demand of approximately 4x the base issue size from international and domestic investors. The entire issue was placed with marquee long-only investors such as SBI MF, Capital Group, SBI Pension, Kotak MF, Nippon MF, Norges Bank, and Amundi.

JSW Steel

The company reported consolidated crude steel production for November at 23.23 lakh tonnes, up 5% compared to the year-ago period. Indian operations' production was higher by 7% YoY, with capacity utilization for November at 94% for Indian operations.

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