Anil Agarwal-led will sell 6.7 crore shares through ‘offer for sale’ on Wednesday and Thursday to raise about Rs. 4,600 crore. Initially, the company will sell 3.35 crore shares (0.79 per cent of the paid-up share capital) at a floor price of Rs. 685 a share. On over-subscription, it will offload another 3.35 crore equity shares, leading to an overall stake sale of 1.59 per cent. Bidding for non-retail investors will open on January 28, while retail investors and non-retail bidders carrying forward unallotted bids can participate on January 29.
has announced a Rs 330-crore investment to develop a new facility in Brazil to deepen its presence in Latin America. The centre in Londrina, Brazil, will be a major delivery and innovation hub, creating 1,600 new jobs, according to a statement. The Tata group company — India’s biggest IT services player — said this is one of its largest investments in Latin America, and the centre is expected to be completed by 2027.
is expanding its footprint in the home automation space, driven by the rising mass acceptance of Internet of Things (IoT)-based products, a senior company official said here on Tuesday. The power major, which forayed into the retail home automation segment last year, is targeting 1 crore households with IoT-enabled converters and other products as part of a rapid expansion strategy, its renewable and automation head, Kaushik Sanyal, said.
ESAF Small Finance Bank on Tuesday said it will use Newgen Software’s offerings to modernise its customer onboarding and lending operations across its retail, small business, and agriculture portfolios. The lender will deploy a low-code digital platform to streamline account opening, customer onboarding, and loan origination system workflows across business segments, as per an official statement.
- Read also:
Building on similar recent partnerships, Titagarh Rail Systems Ltd (TRSL) on Tuesday said it has signed an agreement with Ltd to develop propulsion systems (equipment that powers movement) and enable technology transfer for 25 kV (kilovolt) driverless metro projects in the country. Under the agreement, ABB India will support the design, manufacture, supply, testing, installation supervision and commissioning of propulsion systems, along with the transfer of technology for the train control and monitoring system (TCMS). TCMS is an integrated system that controls and monitors various functions of metro trains powered by 25 kilovolt alternating current (25 kV AC) applications, TRSL informed the exchanges.
Separately, BLS International Services on Tuesday said it has signed a contract with the Embassy of the Republic of Cyprus to provide visa outsourcing and application support services in China, Mongolia, Cambodia and Laos. The contract will commence on February 1, 2026, and will also offer applicants a range of additional services, including documentation support, courier services, SMS notifications, photography, form-filling assistance and premium appointment services.
Insurance major has informed the exchanges that it subscribed to ₹5,120 crore worth of debentures issued by . This significant debt investment involves 512,000 debentures, each carrying a face value of ₹1 lakh. The deal will help Bajaj Finance support its general business operations. This infusion highlights LIC’s strategic deployment of capital into key financial institutions within India’s robust non-banking financial company (NBFC) ecosystem.
In the railway infrastructure space,, a leading public sector enterprise under the Ministry of Railways, has informed the exchanges that it has emerged as the Lowest Bidder (L1) for a significant railway electrification upgrade contract.
Caplin Steriles Limited, a subsidiary of Caplin Point Laboratories Ltd, has said that it has received final USFDA approval for Methylprednisolone Acetate Injectable Suspension USP in 40mg/mL and 80mg/mL strengths, a generic equivalent of Pfizer’s DEPO-MEDROL. The anti-inflammatory treatment targets a $57.4 million US market opportunity and addresses multiple therapeutic areas, including allergic states, dermatologic diseases, and respiratory conditions. Caplin Steriles has filed 53 ANDAs in the USA with 50 approvals received, while maintaining a pipeline of 55+ Injectable and Ophthalmic products for future filing, it revealed in an exchange filing.