Praveg Ltd (BSE: 531637), a company engaged in tourism, hospitality, event management and allied infrastructure services, today announced that it has received a Letter of Acceptance (LoA) dated September 16, 2026, from Tourism Corporation of Gujarat Limited (TCGL), a Government of Gujarat undertaking, for a comprehensive event infrastructure and operations assignment at the Statue of Unity (SOU) Area, Gujarat. The accepted contract value is about Rs 13 crore plus applicable GST.
Reliance Industries has announced the allotment of i12,00,000 Unsecured, Redeemable, Non-Convertible Debentures (NCDs) designated as “PPD Series Q,” each carrying a face value of ₹1,00,000. The issue was conducted on a private placement basis with a base issue size of ₹10,000 crore and a Green Shoe Option to retain over-subscriptions up to ₹2,500 crore. Reliance Industries successfully aggregated a total of ₹12,000 crore through the allotment of the 12,00,000 NCDs. These newly issued instruments are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited,.
Fortis Healthcare Ltd, amongst India’s leading healthcare delivery companies, has announced signing of definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital, a society registered under the Societies Registration Act, 1860 (Punjab Amendment) (”Society” or “SLJ Society”) to provide healthcare services to a 400+ bedded super specialty hospital at Ashok Vihar, New Delhi. The hospital is expected to commence operations in 3-4 years, subject to necessary approvals. The agreements have been executed by FHL’s wholly-owned subsidiary, Fortis Hospotel Ltd. The Healthcare Services Agreement has a committed term of 29 years, with an option to extend for further period on mutually agreed terms.
Mazagon Dock Shipbuilders Ltd has signed an MoU with National Shipbuilding & Heavy Industries Park Maharashtra Limited (NSHIPML) to participate as the Anchor Shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dighi, Maharashtra. The proposed world-class shipyard envisages an annual shipbuilding capacity of at least 1.2 million Gross Tonnage. It will enable the construction of large commercial vessels and help create a globally competitive maritime industrial ecosystem comprising ancillary industries, MSMEs, technology partners and skilled employment.
India Ratings and Research (Ind-Ra), a Fitch Group company, has upgraded the long-term credit rating of the Motilal Oswal Financial Services and its key subsidiaries to ‘IND AA+’ with a Stable Outlook, from ‘IND AA’ with a Positive Outlook. The upgrade applies to the non-convertible debentures (NCDs) and bank loan facilities of MOFSL and Motilal Oswal Home Finance Limited (MOHFL), and to the NCDs of Motilal Oswal Finvest Limited (MOFL). Ind-Ra has also affirmed the ‘IND A1+’ rating on the commercial paper programmes of MOFSL, MOFL and Motilal Oswal Wealth Limited (MOWL).
Infosys has announced the expansion of its Indore Development Center (DC) with the inauguration of a new Software Development Block (SDB-2) at its campus in the Super Corridor, Indore. The new 330,000-sq. ft. block further strengthens Infosys’ presence in Central India and its commitment to the region’s growing technology and talent ecosystem.
Krsnaa Diagnostics Limited has announced a major strategic expansion and has formally executed a Concession Agreement with the Department of Health & Family Welfare, Government of Punjab, acting through the Punjab Health Systems Corporation (PHSC). The agreement marks the company’s official entry into the Positron Emission Tomography-Computed Tomography (PET-CT) diagnostic services market, following the completion of all tender-related formalities pursuant to the Letter of Award issued on August 14. Under the terms of the agreement, Krsnaa Diagnostics will handle the development, operation, and maintenance of specialised PET-CT diagnostic facilities across four designated government hospitals in Punjab. The project is structured on a Public-Private Partnership (PPP) model following the Design, Build, Finance, Operate, Maintain, and Transfer (DBFOT) format, securing a long-term concession tenure of 15 years.
Granules India Ltd has approved the allotment of 2,49,82,906 fully paid-up equity shares of face value Re. 1/- each to four members of its promoter group. The allotment comes as a result of the exercise of rights for the conversion of warrants into equity shares, following the receipt of the remaining 75% subscription consideration. Each warrant was converted into an equity share at an issue price of Rs. 585/per share, bringing the total consideration to Rs. 1,461.50 Crores across the two funding stages, where 25 per cent was received during the initial warrant allotment and the remaining 75% was paid upon conversion.
Fine Organic Industries Ltd has announced a fresh capital infusion into its wholly owned subsidiary, Fine Organic Industries (SEZ) Private Limited. The company has announced about its strategic investment aimed at supporting the setting up of a new manufacturing unit. Under the terms of the transaction, Fine Organic Industries Ltd subscribed to 5,50,00,000 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares at a face value of ₹10 per share. The investment represents a total cash consideration of ₹55,00,00,000.
Venus Pipes & Tubes Limited has approved the creation, offer, and allotment of up to 22,27,544 equity shares by way of a preferential issue on a private placement basis. The equity shares, which carry a face value of ₹10 each, are proposed to be issued at a price of ₹1,670 per share. The transaction aggregates to a total cash consideration of approximately ₹372 crore and involves 18 identified non-promoter public investors. Inga Ventures Private Limited is acting as the financial advisor to the company for this preferential capital raise.
Highway Infrastructure Ltd has received the Letter of Acceptance (LOA) of Rs. 105.08 crore payable for the First Year and after the First Year, the amount shall be subject to an escalation of 10% (ten percent) per annum, resulting in a total value of Rs. 220.66 crore for the period of Two Years for “Collection of User Fees and Operation of Toll Plazas along with deployment of 04 number of Patrol-cum-safety vehicles with required personnel manning these vehicles for Gorakhpur Link Expressway”. The Letter of Award (LOA) was issued by Uttar Pradesh Expressways Industrial Development Authority on Wednesday.