The Indian Energy Exchange (IEX) announced that it had received shareholder approval via postal ballot to buy back up to 98 crore shares. In its meeting, the board of directors approved a cash offer for the buyback of equity shares with face values of 1 each at a maximum price of 200 per share for

Craftsman Automation has signed a definitive agreement to acquire 76% of DR Axion India’s share capital (DRAIPL). DR Axion India will become a subsidiary of the company after the transaction is completed. Both the company and DRAIPL operate in the auto component space and have complementary strengths. According to the company, this acquisition will help

Reliance Consumer Products Limited, a wholly owned subsidiary of Reliance Retail Ventures Limited, has purchased Lotus Chocolate for Rs.74 crore.RCPL will acquire 65,48,935 equity shares of LOTUS from the current promoter and promoter group for Rs. 113.00 per share, amounting to Rs. 74 crore. In accordance with the SEBI Takeover Regulations, RCPL would make a

HPL Electric & Power has received a significant order for the supply of smart metres to a leading private DISCOM player worth Rs.161.59 crore. This victory highlights the Company’s dominant market position in the smart metering space and solidifies its reputation as a strong advanced metre solutions provider. This new order has also increased the

Adani Enterprises announced that RRPR Holding (RRPR), an indirect subsidiary of the Company and a member of the NDTV promoter/promoter group, has acquired a 27.26% equity stake in NDTV via inter-se transfer under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vishvapradhan Commercial (an indirect subsidiary of the

Tata Power Company announced that its subsidiary, Tata Power Renewable Energy (TPREL), has been awarded a 255 megawatt (MW) hybrid (wind and solar) power project in Karnataka by Tata Power Delhi Distribution. Tata Power Delhi Distribution (Tata Power-DDL) is a joint venture between Tata Power and the Government of the National Capital Territory of Delhi.

Aster DM Healthcare Ltd, a health care chain with operations in the Gulf and India, announced that its subsidiary has acquired a 100% stake in Adiran IB Healthcare Private Limited. The acquisition will be completed by 31 January 2023, according to Dr. Ramesh Cardiac and Multispecialty Hospital Private Limited, a subsidiary of Aster DM Healthcare

Transformers and Rectifiers (India) rose 2.90% to Rs 56.75 after the company announced that it had been awarded transformer orders worth Rs 123 crore from a central utility. According to the company, the orders are part of the normal course of business. The order brings the company’s order book to Rs 1,513 crore as on

Aurobindo Pharma Ltd has received USFDA (US Food and Drug Administration) approval to market sildenafil citrate oral suspension in a 10 mg per mL strength, according to an update on the drug regulator’s website. The medication is a generic version of Revatio oral suspension by Viatris Inc. It is prescribed to adults to treat pulmonary

The Madhya Pradesh PoorvKshetra Vidyut Vitaran Company (MPPKVVCL) (Authority) had accepted Ashoka Buildcon’s bid for the following projects: a. Supply, Installation, Testing, and Commissioning of New 11 KV Lines, LT Line on AB Cable, Distribution Transformer Substation, and Supporting Works such as DPs, TPs, Crossings, and so on for separation of 11 KV mix Feeders