According to market buzz, some existing investors are planning to sell up to 70.2 million Lenskart Solutions Ltd shares worth via a block deal on Friday. Price for the block deal is said to be fixed at ₹470 apiece,
RBI clears Kotak Mahindra Bank stake acquisition in South Indian Bank
The Reserve Bank of India has granted approval to Kotak Mahindra Bank to acquire an aggregate holding of up to 9.99 per cent of the paid-up share capital or voting rights in South Indian Bank. The approval is subject to compliance with the Banking Regulation Act, 1949, RBI Directions, 2025, FEMA, 1999, and applicable SEBI regulations.
PNC Infratech emerges lowest bidder for Lucknow flyover project
PNC Infratech has emerged as the L1 (First Lowest) bidder for a project of Lucknow Development Authority, Uttar Pradesh, entailing the construction of a 4 Lane Flyover with 2 loops and 2 ramps at Shaheed Path Intersection, RHS bank of Gomti River, Lucknow (UP) on EPC Basis, on May 7 for a quoted price of Rs. 194.40 crore.
Udupi Cochin Shipyard secures fresh tug construction order
Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Ltd (CSL), has bagged another prestigious order from its existing customer, the leading Indian tug operator Ocean Sparkle Ltd (OSL), an Adani Harbour Services Limited Company. The contract for the construction of three ASD (Azimuthing Stern Drive) Tugs with 70 T Bollard Pull Power was signed by Shri Harikumar A, CEO, UCSL, and Shri Hiren Shah, MD and CEO, OSL. UCSL had earlier contracted the construction of two 62 T bollard pull ASD tugs for OSL. Both these tugs were delivered by UCSL before contractual delivery dates and have been deployed by OSL at Paradeep Port and New Mangalore Port.
Deep Industries gets contract extension worth Rs 78 crore
Deep Industries has received a 30-month contract extension from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Ltd) for integrated drilling services, valued at $8.28 million (approximately Rs 78 crore), commencing July 1, 2026. The domestic contract falls within the ordinary course of business, with no related-party or promoter-group interests involved.
Himatsingka Seide to move Supreme Court in tax litigation matter
Himatsingka Seide Ltd disclosed an update on its transfer pricing litigation before the Income Tax Appellate Tribunal, Kolkata, for Assessment Year 2008-09, involving corporate guarantee, inter-corporate loan, and export-related adjustments. The Tribunal dismissed the appeal and deleted additions of Rs. 6.90 crores, after which the Revenue’s application for condonation of delay was accepted by the High Court, leading the company to propose filing an appeal before the Supreme Court. The litigation does not involve any key management personnel or promoters, and no settlement has been reached.
Gala Global shareholders approve insolvency resolution process
Gala Global Products Ltd informed the exchanges that shareholders of the company have approved the initiation of Pre-Packaged Insolvency Resolution Process (PPIRP) / Corporate Insolvency Resolution Process (CIRP) under IBC 2016 as a Special Resolution, with 97.29 per cent.