CreditAccess Grameen Ltd has secured a USD 100 million multi-currency syndicated social loan facility, qualifying as an External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India (RBI). This ECB facility is the first of its kind in India’s microfinance sector, comprising Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the far east, CreditAccess Grameen said in a statement.

The Bombay High Court has ordered the Mumbai Metropolitan Region Development Authority (MMRDA) to pay Rs. 1,169 crore to Mumbai Metro One Private Ltd (MMOPL), a subsidiary of Reliance Infrastructure Ltd, as part of an arbitration award. The court instructed MMRDA to deposit the full amount with its registry by July 15. Mumbai Metro One is a joint venture between Reliance Infrastructure (74 per cent) and the MMRDA (26 per cent). It operates Mumbai’s first metro corridor between Versova and Ghatkopar. The company will use the funds to reduce its outstanding debt. In a separate development,Reliance Infra’s Reliance Defence and Germany’s Diehl Defence said on Tuesday they are expanding their strategic partnership to supply precision-guided munitions to the Indian Armed Forces. The two companies will focus on the urgent delivery of the Vulcano 155mm precision-guided ammunition system, a next-generation long-range artillery shell designed for enhanced accuracy and effectiveness.

 Maruti Suzuki India is likely to be in focus on reports that it is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets. The auto major, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September, versus an original goal of 26,500, according to a company document seen by Reuters. It cited “supply constraints” in rare earth materials that are vital in making magnets and other components across a range of hi-tech industries.

Private equity firm TA Associates has exited AU Small Finance Bank by selling its entire 1.26 per cent stake in the company for Rs 714 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based TA Associates through its arm TA FDI Investors sold 93.90 lakh shares, at an average price of Rs 760.07. Details of the buyers of AU SFB’s shares could not be ascertained on the BSE.

Morgan Stanley Asia (Singapore) sold 1.25 lakh shares of Bajaj Finserv for Rs 25 crore through an open market transaction. The shares were offloaded at an average price of Rs 1,983.8. These shares were acquired by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price.

Vedanta Aluminium has signed a Memorandum of Understanding with Central Bank of India for offering collateral-free customer financing. The partnership will provide low-interest working capital through ‘BALCO’ and Vedanta Metal Bazaar, a release issued by the company said. .The initiative will enable original equipment manufacturers (OEMs), including MSMEs, to access loans with minimal documentation and at highly competitive interest rates, it said.

Domestic carrier IndiGo on Tuesday said it is set to enhance its international capacity to Central Asia with the launch of direct flights to three key destinations -- Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia). The airline said it will commence operations from Mumbai to Almaty July 1, followed by flights to Tashkent from August 1, and to Tbilisi from August 2.

Fair trade regulator CCI on Tuesday cleared global asset manager Blackstone’s proposal to acquire a majority stake in Pune-based Kolte-Patil Developers. The US-based Blackstone through its affiliate BREP Asia III India Holding Co VII Pte Ltd is acquiring a stake in Kolte-Patil Developers. “The combination envisages acquisition of 40 per cent shareholding in Kolte-Patil Developers Ltd by BREP Asia III India Holding Co VII Pte Ltd through a combination of share subscription and share purchase,” the Competition Commission of India (CCI) said in a release. The transaction also envisages the acquisition of shares of the target under an open offer, it added.

Texmaco Rail & Engineering has secured an order worth Rs 44.04 crore from Mumbai Railway Vikas Corporation for supply, construction, installation, testing and commissioning of traction transformers, SPs & associated works. The order is to be executed within 18 months.

Shares such as Sula Vineyards, Tilaknagar Industries and others will remain in focus as, the Maharashtra government has unveiled a revamped liquor policy aimed at generating an additional ₹14,000 crore in annual revenue. The cabinet approved significant hikes in excise duties and introduced new regulatory measures, signalling a strategic push to strengthen state finances and streamline the liquor market.

Kaynes Technology has said its wholly-owned subsidiary, Kaynes Semicon Private Ltd has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan. The agreement, signed on June 9, 2025, involves the acquisition of identified assets, including production lines for power modules, for a consideration of 1.59 billion yen.

According to market buzz, Jomei Investments, a special purpose vehicle owned by Advent International Corporation plans to sell 1.4 per cent stake in financial services firm Aditya Birla Capital Ltd, amounting to ₹856 crore. The floor price for the deal has been set at ₹237.80 per share.

Another company that is likely to witness block deal is Marksans Pharma. According to reports, Global healthcare investment firm, OrbiMed Asia IV Mauritius FVCI Ltd, launched a block deal to sell 2.27% of its stake in a pharmaceutical major, amounting to ₹256.8 crore. The indicative floor price has been set at ₹249.95 per share. 

Published on June 11, 2025