Nuvama Wealth Management

Edel Finance Company and Ecap Equities are likely to sell a 7.1% stake in Nuvama Wealth via block deals, reports CNBC-TV18, quoting sources. The floor price is expected to be Rs 6,800 per share, and the deal is likely to be valued at Rs 1,734 crore.

Acme Solar Holdings

Acme Solar has secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in the e-reverse auction held by NHPC, at a tariff of INR 4.56 per unit. This project includes a green-shoe option that could potentially expand its total capacity from the initial 250 MW to 500 MW. With this project, Acme Solar’s total capacity now stands at 6,970 MW.

Reliance Power

The company's subsidiary, Reliance NU Suntech, has received a 930 MW solar energy contract with a battery energy storage system (BESS) project from the Solar Energy Corporation of India (SECI) in an e-reverse auction, at a tariff of Rs 3.53 per kWh. As per the terms of the tender, Reliance NU Suntech will also have to install a minimum storage capacity of 465 MW/1,860 MWh, charged by solar power.

Greaves Cotton

The Board of Directors has approved the offer-for-sale of certain equity shares of company's subsidiary, Greaves Electric Mobility (GEML), in the proposed IPO of GEML.

Godawari Power Ispat

The company has entered into an agreement with GAIL (India) for the supply of RLNG gas for its upcoming pellet plant for 7 years.

Pilani Investment and Industries Corporation

The company has submitted an application to the Reserve Bank of India for converting the company from a non-banking financial company (NBFC) to a core investment company (CIC).

Indian Overseas Bank

The bank has received an order from the Income Tax Department, stating that the amount refundable to the bank for AY 2013-14, including interest, is Rs 808.3 crore.

Vedanta

The Board will meet on December 16 to consider the fourth interim dividend on equity shares, if any, for the financial year 2024-25.

Waaree Energies

The company’s subsidiary, Waaree Forever Energies, has received a Letter of Award for the development of a 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar (RUMSL).

Sammaan Capital

The Board has approved the raising of funds up to Rs 2,500 crore through the issuance of equity shares in one or more qualified institutional placements.

PC Jeweller

The company has received board approval for the issuance of 5.17 crore equity shares at Rs 292 per share to the consortium lenders for settling part of their outstanding debts by way of preferential allotment on a private placement basis. The board has also approved the re-appointment of Shri Ramesh Kumar Sharma as Whole-time Director of the company with effect from February 7, 2025, for a term of 3 years.

Shriram Finance

The flagship company of the Shriram Group announced the completion of the sale of its entire 84.44% stake in housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 3,929 crore.

Grasim Industries

The Board has approved the issuance of non-convertible debentures (NCDs) worth Rs 2,000 crore on a private placement basis, in one or more tranches.

Ami Organics

The Board has approved the enhancement of capital expenditure amounting to up to Rs 177 crore for the company’s brownfield project of electrolyte additives products at the Jhagadia facility.

Kothari Industrial Corporation

The Board has approved the issuance of 3.52 crore equity shares at an issue price of Rs 25 per share, amounting to Rs 88 crore, on a preferential basis, to promoters and non-promoters.

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