According to market buzz, Promoter Srinivasan Ravi is likely to sell up to a 2.01 per cent stake in Craftsman Automation through block deals and at a floor price of Rs 925 per share.
JSW Infra plans ₹7,500 crore fundraise through QIP offering. The company will use the raised capital for financing capital expenditure requirements through investments in the company subsidiaries, for the development of ongoing projects of the subsidiaries, prepayment, in part or in full, of certain outstanding borrowings availed by the company and its certain subsidiaries through investments in such subsidiaries. It will also be funding strategic investments and inorganic growth through unidentified acquisitions and general corporate purposes.
The board of Vodafone Idea Ltd has approved the allotment of 430 crore warrants on a preferential basis to Suryaja Investments Pte. Ltd., an Aditya Birla Group entity and member of the promoter group The warrants have been allotted at an issue price of ₹11 per warrant against receipt of 25% of the issue price, or ₹2.75 per warrant, aggregating to ₹1,182.50 crore.
Bharat Electronics informed the exchanges that it has secured additional orders worth Rs 1,081 crore since the last disclosure on May 25. Major orders received include communication equipment, radars, CBRN protection system, seekers, avionics, upgrades, spares, services, etc. Earlier, the company had secured additional orders worth Rs 608 crore.
Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles to explore the adoption of green hydrogen and alternative clean energy solutions across its operations. The collaboration aims to evaluate innovative technologies that can support the transition towards low-carbon and future-ready mining. Through this MoU, the company is set to pioneer the use of hydrogen fuel for underground mining applications, positioning it to become the only company to deploy this technology in such environments.
Apar Industries has significantly strengthened its West Asia manufacturing footprint by signing a long-term supply agreement with Saudi Aramco Base Oil Company (Luberef). The agreement, focused on the Yanbu Lubehub Value Park, secures a direct pipeline of base oils for Apar’s expansion into specialty transformer and technical oils. This move leverages Saudi Arabia’s competitive energy infrastructure to bolster Apar’s position as the world’s third-largest transformer oil manufacturer.
Info Edge has invested more than Rs 1,000 crore across over 50 AI and deep-tech startups since 2020, with its overall startup portfolio now valued at Rs 41,300 crore. The company said it has deployed Rs 614 crore across 28 AI startups and Rs 455 crore across 30 deep tech firms through its investment vehicles, including Redstart Labs, Capital 2B, and Info Edge Ventures funds.
Bandhan Mutual Fund has acquired additional 0.6 percent equity shares in Horizon Reclaim, the reclaimed rubber manufacturer, via open market transactions on June 22.
Birla Corporation has announced the commencement of coal mining operations at Bikram Coal Mine, located at Burhar, Shahdol, Madhya Pradesh.
GHV Infra Projects Ltd has received a work order worth Rs 213 crore from GHV (India) Private Ltd, including GST. The order covers composite works involving civil, electrical, mechanical and signal & telecom segments. The projects include the upgradation and development of maintenance infrastructure at a coaching complex, next-generation freight maintenance facilities, and the infrastructure construction of a loco shed in West Bengal.