Glenmark Pharmaceuticals

Glenmark Pharmaceuticals and Glen Saldanha announced the sale of up to a 7.85% stake in Glenmark Life Science through an offer-for-sale (OFS) at a floor price of Rs 810 per share. The OFS will open for non-retail investors on July 11 and for retail investors on July 12.

GE Power India

GE Power India plans to sell its hydro business undertaking to GE Power Electronics and its gas power business undertaking to GE Renewable Energy Technologies through slump sales. This strategic move is part of the company's restructuring efforts.

IRB Infrastructure Developers

IRB Infrastructure Developers reported a 35% year-on-year increase in gross toll collection, totaling Rs 517 crore in June. This growth highlights the company's expanding infrastructure capabilities and revenue streams.

Bajaj Healthcare

Bajaj Healthcare has approved raising up to Rs 137 crore through a preferential issue of shares. This capital infusion is expected to support the company's growth and expansion plans.

Shalby

Shalby received approval from the Mumbai Charity Commissioner for executing a 30-year lease for Asha Parekh Hospital in Santa Cruz, Mumbai. This lease will enable Shalby to construct a new 175+-bed healthcare facility, enhancing its healthcare services in the region.

IRCTC

IRCTC, in collaboration with DMRC and CRIS, launched the 'One India – One Ticket' initiative to enhance the travel experience for main-line railway and metro passengers in the Delhi NCR area. This initiative aims to streamline and improve passenger convenience.

Asian Paints

Asian Paints confirmed a price hike of approximately 1% across its portfolio, effective from July 22. This adjustment reflects the company's response to rising input costs.

Oriana Power

Oriana Power secured a new order worth Rs 155 crore for a 40 MWp solar plant in Rajasthan. This order underscores the company's growing presence in the renewable energy sector.

Zydus Lifesciences Limited

Zydus Lifesciences Limited received tentative approval from the USFDA for Diroximel Fumarate Delayed-Release Capsules, 231 mg. This approval is a significant milestone for the company's product portfolio expansion.

Satin Creditcare Network

Satin Creditcare Network secured €15 million in debt funding from Austria's OeEB to empower rural women entrepreneurs and support growth in the rural financial inclusion space.

Trent Limited

Trent Limited, under the Tata Enterprise, launched its 229th Westside store in Faridabad, Haryana. This expansion marks the company's continued growth in the retail sector.

Ahasolar Technologies Limited

Ahasolar Technologies Limited received a work order for Electric Vehicles (EVs) Charging Infrastructure Planning and the development of an online platform for the Gujarat Energy Development Agency (GEDA). The consultancy service is priced at around ₹ 45 lacs.

Life Insurance Corporation of India

Life Insurance Corporation of India filed an appeal before the Commissioner, Assam, against an order demanding GST of Rs. 17,52,66,197/-, interest of Rs. 17,61,49,731/-, and a penalty of Rs. 1,75,26,620/- for FY 2018-19.

Oriental Rail Infrastructure Limited

Oriental Rail Infrastructure Limited secured orders worth Rs. 19,33,83,382.04/- from the Rail Coach Factory (RCF), Kapurthala.

Sona BLW Precision Forgings Limited

Sona BLW Precision Forgings Limited issued a Corporate Guarantee of USD 2,800,000/- in favor of Citibank (China) Co. Ltd. on behalf of Comstar Automotive Co., Ltd., a wholly-owned step-down subsidiary, to secure its working capital and term loan facilities in China.

GACM Technologies Limited

GACM Technologies Limited fixed the record date for determining eligible shareholders for Rights Equity Shares as July 16, 2024. The issue will open on July 31, 2024, and close on August 14, 2024.

PTC Industries Limited

PTC Industries Limited scheduled a board meeting on July 13, 2024, to consider a proposal for fundraising.

Dhruv Consultancy Services Limited

Dhruv Consultancy Services Limited, in association with Infinite Civil Solutions Pvt. Ltd., received a Letter of Award (LOA) for providing Independent Engineer Services for the construction of a four-lane high-speed corridor in Gujarat. The project cost is Rs. 5,70,00,202/- excluding GST.

Star Housing Finance Limited

Star Housing Finance Limited received a Term Loan facility of Rs. 10 crore from Suryoday Small Finance Bank Limited.

Indowind Energy Limited

Indowind Energy Limited approved a Rights Issue. The issue size is 2,14,66,956 shares at Rs. 22.5/- per equity share. The record date is July 16, 2024, with the opening date on July 26, 2024, and closing date on August 5, 2024. The rights entitlement ratio is 1:5.

Meson Valves India

Meson Valves India acquired a majority stake in Milindpra Castings Private Limited.

International Conveyors Limited

International Conveyors Limited acquired equity shares of V.I.P. Industries Limited worth 5.29 crores.

Sula Vineyards

Sula Vineyards reported the highest-ever first-quarter net revenue and own brand revenue. Net revenue grew 9.7% YoY to Rs 130 crore. Wine tourism revenue was Rs 11.3 crore, down 2.5% YoY, while own brand revenue rose 2.7% to Rs 104.4 crore.

Power Grid Corporation of India

Power Grid Corporation of India will increase its current borrowing limit from Rs 12,000 crore to Rs 15,000 crore during FY 2024–25. The board approved the proposal, and the company will seek shareholders' nods at the upcoming annual general meeting.

These updates highlight significant strategic moves, financial decisions, and operational achievements across various industries, indicating robust activity in the corporate sector.

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