NIBE has informed the enchanges that it has received a purchase order from one of the leading infra and defence companies for supply of Armor Plate MIL12560 for a consideration of Rs 23.33 crore (inclusive of all taxes and duties). The order will be executed in tranches by May 31, 2026.

HG Infra Engineering has informed the exchanges that it has been declared as lowest bidder for transmission service provider to establish Inter State Transmission system for “Eastern Region Generation Scheme – I (ERGS-I)” through tariff based competitive bidding process in Odisha.

US-based investment firm OrbiMed has divested a 2.27 per cent stake in Marksans Pharma for Rs 257 crore in open markets. According to the block deal data available on the NSE, OrbiMed, through its arm OrbiMed Asia IV Mauritius FVCI, sold more than 1.02 crore equity shares at an average price of Rs 249.95. Meanwhile, Citigroup Global Markets Singapore, Societe Generale, Bandhan Mutual Fund, UTI Mutual Fund, Chennai-based Unifi Capital and Subhkam Ventures I were among the buyers of Marksans Pharma shares, as per the data on the National Stock Exchange (NSE).

Hindustan Copper has announced plans to invest approximately ₹2,000 crore over the next 5-6 years. The company aims to expand its mine capacity from the current four million tonnes per annum (MTPA) to 12.20 MTPA by FY31. As part of its growth roadmap, HCL is looking to acquire promising copper deposits both domestically and internationally by participating in upcoming mineral auctions.

Mirae Asset MF, BlackRock, and Goldman Sachs, among others, on Wednesday bought a 1.8 per cent stake in financial services company Aditya Birla Capital for Rs 1,136 crore through open market transactions. Motilal Oswal Mutual Fund (MF), Edelweiss MF, HSBC MF, LIC MF, New York State Teachers Retirement System, Dublin-based Mediolanum International Funds, Manulife Investment Management, Nordea Asset Management and Eaton Vance were among the buyers of Aditya Birla Capital’s shares, as per the block deal data on the BSE and NSE. Eaton Vance is part of the Morgan Stanley Investment Management (MSIM). It is an asset management division of US-based Morgan Stanley. hese entities purchased a total of 4.68 crore equity shares or 1.8 per cent stake in Mumbai-based Aditya Birla Capital at an average price of Rs 242.65 apiece on the BSE and the NSE. Meanwhile, private equity firm Advent International, through its special purpose vehicle Jomei Investments, offloaded 2.34 crore shares of Aditya Birla Capital each on both the BSE and NSE.

Northern Arc Capital receives RBI approval for undertaking factoring biz

Two former officials and an independent director of Brightcom group have paid Rs 35.4 lakh in settlement amount to Sebi to settle a case related to irregularities in the company’s financial statements from 2014-15 to 2019-20. The order came after K Anusha and V Sri Lakshmi (former compliance officers of BGL) and K Jayalakshmi Kumari, an independent director, filed settlement applications proposing to settle the matter without “admitting or denying the findings of fact”. The Securities and Exchange Board of India (Sebi) received complaints for the period October 2020 to March 2021 against Brightcom Group Ltd (BGL) alleging misstatements/ irregularities in the financial statements of BG.

Garden Reach Shipbuilders & Engineers has signed the Contract for Construction of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI).  Each CRV will have a length of 64 meters with a width of 12 meters. The deadweight tonnage of each CRV will be about 450 Tons. The vessels will have an endurance of 15 days with a top speed of 10 knots. Each ship will have facilities for 35 personnel on board.

Shares of MCX will be in focus as the National Stock Exchange of India (NSE) has received the approval from markets regulator SEBI to launch monthly electricity futures contracts. The launch aims to provide market participants with effective hedging tools against electricity price volatility, enable more accurate price signals in the power sector and encourage capital investments across the electricity value chain -- generation, transmission, distribution, and retail.

Sterlite Technologies Ltd, through its Global Services Business (the demerged business vertical), in consortium with Dilip Buildcon Limited, has entered into an Agreement with Bharat Sanchar Nigam Ltd (BSNL) on June 11. The Agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for the Jammu & Kashmir and Ladakh Telecom Circles – Package 13. The order is fo r Rs. 2631.14 crores (inclusive of GST) (Capex – INR 1620.50 crore. Opex for newly constructed network Rs 972.30 crore and Opex for Existing Network Rs 38.33 crore).

RailTel Corporation, a PSU under the Indian Railways, has landed a fresh work order from South Eastern Coalfields Limited (SECL), worth ₹119 crore (including taxes). In its stock exchange filing dated June 11, the company said the project is aimed at setting up managed bandwidth services across SECL’s mines in Madhya Pradesh and Chhattisgarh.

Home-grown AlchoBev firm Allied Blenders and Distillers Ltd (ABD) has acquired global rights for ‘Mansion House’ and ‘Savoy Club’ brands. The board of ABD, in a meeting held on Tuesday, approved the acquisition of 100 per cent of the equity share capital of the Singapore-based UTO Asia Pte Ltd (UTO Asia). A “binding transaction document” has been executed and the acquisition is concluded with immediate effect. UTO Asia, which has now become a wholly-owned subsidiary of ABD, is the owner of worldwide rights and title interest in the brands ‘Mansion House’ and ‘Savoy Club’.

Kaynes Technology has approved the further investment for an amount up to $1,030,000 towards acquisition of Equity Shares up to 10,19,802 of Kaynes Holding Pte. Ltd,, Wholly owned Subsidiary of the Company, at an issue price of $1.01 per share.

Zydus Lifesciences has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for its active pharmaceutical ingredient (API) manufacturing facility located in Ankleshwar, Gujarat. The inspection, which was conducted from March 10 to 14, 2025, has been classified as ‘No Action Indicated’ (NAI), meaning the FDA found no objectionable conditions or practices during its review. With this classification, the inspection is considered closed by the regulator.

Nazara Technologies informed the exchanges that its Committee of Independent Directors has reviewed and recommended the ongoing open offer by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Pvt. Ltd. as “fair and reasonable.” The committee evaluated the offer price of ₹990 a share under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations and shared its findings through an exchange filing dated June 11, 2025.

NTPC has raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion. Bank of Baroda acted as the lead arranger and underwriter of the syndicated term loan facility. The proceeds of the facility will be utilised towards the financing of NTPC’s capital expenditure for existing or new capacity addition programmes, a joint statement said.

GMM Pfaudler announced that its subsidiary, Pfaudler GmbH, has completed the acquisition of 51% stake in GMM Inox sp. z o.o. on June 10.

Mahindra Lifespace Developers announced that India Ratings and Research has rated the proposed commercial paper of Rs 250 crore at IND A1+.

Published on June 12, 2025