TANFAC Industries Ltd, a leading manufacturer in India’s fluorine chemicals sector, today announced that, following the successful completion of its Qualified Institutional Placement (QIP), which raised approximately ₹250 crore from marquee institutional investors, its Board of Directors has approved a preferential issue of 7,41,082 equity shares at an issue price of ₹2,341 per equity share, aggregating approximately ₹173.5 crore, subject to shareholders approval. The proposed preferential issue comprises an investment of ₹135 crore by the Promoter Anupam Rasayan India Limited with the balance being subscribed by institutional investors, including Alrox Enterprises Private Ltd, Vivek Jain (Action Group), and Tatvam Trade (Niveshaay Investments).
South West Pinnacle Exploration Limited (SWPE) has got a Letter of Award (LOA) from Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna Public sector Company and a wholly owned subsidiary of Coal India Ltd for imparting detailed exploration services of coal in Jharkhand. The aggregate value of work including GST is Rs. 5.89 crore. The New LOA will help in strengthening our order book and will fetch the revenue in current FY itself as the work is to be completed within a period of 180 days.
Mamata Machinery Ltd, a leading machinery solution provider in the flexible packaging industry, has announced a planned transition in its executive leadership. Apurva Kane will retire from the position of Chief Executive Officer with effect from October 1 and will continue his association with the Company in a mentorship role. Rajashekar Venkat, the current President of the Company, will be elevated to the position of Chief Executive Officer, ensuring a smooth transition of leadership.
Vector Technics (a subsidiary of Zen Technologies) has announced its Shamshabad facility has reached capacity to manufacture 300,000 propulsion units a year and confirmed it is now the only Indian company that designs and builds every component of the propulsion stack in-house, across both electric and internal-combustion propulsion.
The government will sell up to 5 per cent stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale beginning Tuesday. The “government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per cent as the green-shoe option in case of over subscription,” Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. he offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026. The floor price of Rs 1,400 per share is at a 7 per cent discount over Monday’s closing price on BSE.
One MobiKwik on Monday said it has received shareholders’ approval to transfer its lending services business to another wholly owned subsidiary. The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use. This approval now enables us to transfer the business on a slump sale basis to MobiKwik Distribution Services Private Limited,” MobiKwik, Co-founder, CFO and ED, Upasana Taku said in the letter.
Power Grid Corporation of India on Monday said it has secured a loan of 80 billion yen (JPY) from the Japan Bank for International Cooperation. The loan agreement was signed by Powergrid on June 17, the company said in a statement. Powergrid said it “has secured a green loan of JPY 80 billion from JBIC”.
JSW MG Motor India and used-car platform Spinny on Monday announced a partnership to strengthen the pre-owned electric vehicle ecosystem in the country. The partnership will aim to address several important factors, such as battery health, resale value, vehicle quality and long-term ownership assurance, that influence purchase decisions, particularly in the pre-owned market, said a joint statement. As electric mobility continues to gain momentum in India, building a strong and trusted pre-owned ecosystem will be critical to accelerating adoption, JSW MG Motor India Chief Commercial Officer Vinay Raina said.
VBL Industries (Kenya) Ltd, subsidiary of Varun Beverages, has entered into a business transfer agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) Ltd for $32 million (about ₹305 crore).
Blue Jet Healthcare has launched a Qualified Institutions Placement (QIP), setting a floor price of ₹531.70 a share. The company said it may offer a discount of up to 5% on the floor price.