Zydus Lifesciences has announced the acquisition of an 85.6% stake in France-based Amplitude Surgical SA for €256.8 million. The deal will be followed by a mandatory cash tender offer for the remaining shares at the same purchase price of €6.25 per share. If completed, the full acquisition would be valued at €300 million, leading to Amplitude’s delisting from Euronext Paris.

At 10:11 AM on March 12, 2025, Zydus Lifesciences Ltd share traded a 2.32% down at ₹879.50, down 3.48% over the past month and 8.73% over the past year.

Acquisition Price and Premiums

The acquisition price represents an 80.6% premium over Amplitude Surgical’s last closing price on March 10, 2025. It also shows premiums of 88.2% and 92.2% over the three-month and six-month volume-weighted average prices, respectively. The transaction is subject to regulatory approvals, including clearance from France’s Economy Ministry, and is expected to close in the first half of 2025.

Amplitude Surgical’s Financials

Amplitude Surgical specializes in lower-limb orthopaedic implants, including knee and hip prostheses. For FY24, the company reported sales of €106 million and an EBITDA of €27.1 million. In the six months ending December 31, 2024, it generated €51.5 million in sales, reflecting a 5% year-on-year growth. The company has operations in France, Brazil, Australia, Germany, Switzerland, Belgium, and South Africa.

Zydus Lifesciences’ Performance

Zydus Lifesciences recorded a revenue of ₹19,547 crore in FY24. For the first nine months of FY25, the company reported a 19% year-on-year revenue growth to ₹16,713.6 crore, an EBITDA of ₹4,933 crore (up 31%), and a net profit of ₹3,354.6 crore (up 25%). The acquisition will be funded through a combination of debt and internal accruals.

Conclusion

Currently, Amplitude Surgical does not operate in India. The Indian orthopaedic limb implants market was valued at $791.4 million in 2023 and is projected to reach $1,256.3 million by 2030, as per the reports. Zydus may introduce Amplitude’s products in the Indian market. Apart from orthopaedics, Zydus is also involved in nephrology and interventional cardiology through its medical devices division, Zydus MedTech.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Waaree Renewable Technologies Ltd (WRTL) has received a Letter of Award (LOA) worth ₹740.06 crore for Engineering, Procurement, and Construction (EPC) work on a 125 MWAC (181.3 MWp DC) solar power project. The order, awarded by a major power distribution company(name undisclosed), includes turnkey execution along with operation and maintenance services.

As of March 12, 2025, at 10:14 AM, Waaree Renewables Technologies Ltd Shares traded a 1.50% up at ₹814.90.

Project Details

The project will be executed by a three-member consortium, with Waaree Renewable Technologies as one of the members. The intra-se arrangement between the consortium partners is yet to be finalised. The project is scheduled for completion within 18 months from the date of contract signing.

“we are pleased to inform you that a consortium of three members comprising our Company WAAREERTL as one of the members has received a Letter of Award (LOA) for Engineering, Procurement and Construction (EPC) works for solar power project of 125 MWAC (181.3 MWp DC) capacity on turnkey basis along with Operation and Maintenance,” according to filings.

Financial Performance

In Q3 FY25, the company reported a 16.71% decline in net profit, standing at ₹53.51 crore, compared to ₹64.25 crore in Q3 FY24. However, revenue from operations increased by 11.15% year-on-year, reaching ₹360.35 crore for the quarter ending December 31, 2024.

Previous Orders

Last year, Waaree Renewable Technologies received a term sheet for an EPC contract involving a 2012.47 MWp DC ground-mounted solar PV project. The estimated order value was ₹1233.47 crore (excluding taxes). The timeline for completion was to be determined in mutual agreement with the involved parties.

Conclusion

The awarded contract is classified as a commercial order and does not fall under related-party transactions. The project is being developed for a domestic entity in India’s power sector.

Waaree Renewable Technologies is a subsidiary of Waaree Group, which operates in the solar energy sector. The company provides EPC services and develops, finances, and operates solar power projects, catering primarily to commercial and industrial customers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

CG Power and Industrial Solutions Ltd (CG) has signed a long-term supply agreement with Kinet Railway Solutions Limited for the supply and servicing of railway components. The agreement includes propulsion kits, motors, transformers, and other railway products.

As part of this agreement, CG has secured a purchase order worth ₹400-450 crore to supply railway components for 10 Vande Bharat trainsets. Additionally, the contract includes a 35-year service order for continued maintenance and support.

Background and Railway Operations

CG Power has been operating for over 86 years and has a presence in the railway industry through its traction machines, propulsion systems, and railway signalling products. The company has also expanded into the Train Collision Avoidance System (TCAS), known as KAVACH, which focuses on railway safety technology.

Manufacturing Presence

Headquartered in Mumbai, CG Power operates 18 manufacturing plants across India and Sweden. It manufactures a range of traction motors, propulsion systems, and signalling relays for Indian Railways, along with induction motors, drives, transformers, and switchgear for industrial applications. The company has also expanded into consumer appliances, producing fans, pumps, and water heaters, as per their filing.

Financials 

CG Power reported revenues of ₹8,046 crore (USD 964 million) in FY24. The company has approximately 3,113 employees. Since November 2020, CG Power has been a part of the Murugappa Group, which operates businesses across agriculture, engineering, and financial services, with total group revenues of ₹74,200 crore.

At 10:46 AM March 12, 2025, CG Power and Industrial Solutions Ltd share traded a 0.13% up at ₹608.95.

Conclusion

This railway contract further expands CG Power’s role in the railway sector. The 35-year service agreement will help with continued business operations in railway electrification and modernization.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

PB Fintech Ltd, the parent company of Policybazaar, has announced its plan to invest up to ₹696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary. This investment, which will be executed through the purchase or subscription of equity shares and compulsory convertible preference shares (CCPS), is expected to take place during the financial year 2025-26. The move is aimed at strengthening PB Healthcare’s operations and accelerating its expansion in the healthcare and allied services sector.

Investment Structure and Shareholder Approval

PB Fintech’s investment in PB Healthcare Services is subject to approval from its shareholders via a postal ballot. The funding will be made alongside contributions from external investors, including Chairman & CEO Yashish Dahiya, Executive Vice Chairman Alok Bansal, and three Key Managerial Personnel (KMPs).

Following the transaction, PB Fintech will hold up to 33.63% of PB Healthcare’s equity on a fully diluted basis. Since the acquisition is classified as a related party transaction, it will be executed at a fair valuation determined by a Registered Valuer.

Strategic Objectives and Business Expansion

PB Healthcare Services was incorporated in January 2025 and operates within the healthcare and allied services industry. The fresh capital infusion aims to cover operational expenses, enhance brand visibility, and fund strategic initiatives to strengthen the subsidiary’s market presence.

With this investment, PB Fintech is positioning itself to play a significant role in the evolving healthcare landscape. The company seeks to leverage its expertise and financial resources to drive sustainable growth and innovation within its subsidiary.

PB Fintech Share Performance

As of March 11, 2025, at 10:32 AM, the shares of PB Fintech are trading at ₹1,397.40 per share, down by 4.78% from the previous closing price.

Conclusion

PB Fintech’s decision to invest ₹696 crore in PB Healthcare Services highlights its commitment to expanding into the healthcare sector. With shareholder backing and participation from key executives, this investment is expected to enhance operational capabilities, increase market competitiveness, and support long-term business growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shares of Kaynes Technology India witnessed a sharp decline of 9.6% to an intraday low of ₹3,893.85 on the BSE on 12 March 2025. The drop followed a regulatory notice issued by the Securities and Exchange Board of India (SEBI) to the company’s Managing Director, Ramesh Kunhikannan. The notice pertains to alleged lapses in compliance with insider trading regulations, specifically concerning the maintenance of a Structured Digital Database (SDD) for financial results.

SEBI’s Concerns Over Insider Trading Compliance

SEBI’s official disclosure, dated 10 March 2025, raises concerns over the handling of financial data at Kaynes Technology. The regulator alleges that the company failed to maintain an accurate SDD for financial results related to the period ending 31 March 2023. This is considered a violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandate strict data management practices to prevent unfair trading activities.

In response to the notice, Kaynes Technology confirmed the receipt of SEBI’s allegations in an exchange filing. The company acknowledged the matter and stated that details of the notice are outlined in Annexure A of the regulatory filing.

Company’s Response and Market Impact

Following SEBI’s action, Kaynes Technology assured stakeholders that it is thoroughly reviewing the notice. The company affirmed that it will undertake all necessary legal and procedural measures, including submitting a formal response to the regulator. It also reiterated its commitment to cooperating with SEBI to address the matter in full compliance with regulatory requirements.

The market reaction to this development was immediate, with the company’s stock experiencing a significant decline. Investor sentiment appears to have been negatively affected by the regulatory scrutiny, reflecting concerns over potential consequences for the company’s governance and compliance framework.

Kaynes Technology Share Performance 

As of March 12, 2025, at 2:15 PM, the shares of Kaynes Technology Ltd are trading at ₹4,316.50 per share, reflecting a surge of 0.59% from the previous day’s closing price. The stock has seen a good recovery from a day low of ₹3,893.95

Conclusion

Kaynes Technology finds itself under regulatory scrutiny after SEBI flagged alleged violations in its insider trading compliance framework. While the company has pledged full cooperation and legal recourse, the market’s reaction highlights the potential impact of such regulatory interventions on investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Swiggy, India’s leading on-demand convenience platform, is taking significant strides toward sustainability and social responsibility. At the Swiggy Sustainability Summit 2025, the company introduced several initiatives aimed at reducing environmental impact, supporting delivery partners, and fostering inclusive growth. Among these, its collaboration with Sulabh International marks a major step in enhancing the welfare of delivery personnel.

Enhancing Delivery Partner Welfare with Sulabh International

Recognising the challenges delivery partners face, Swiggy has partnered with Sulabh International to provide access to sanitation facilities across key cities, including Delhi NCR, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai. By showing their registration on the Swiggy app, delivery personnel can use Sulabh Shauchalya free of charge.

This initiative reflects Swiggy’s commitment to improving working conditions for its workforce, who spend long hours on the road navigating heavy traffic and harsh weather conditions. 

Rohit Kapoor, CEO of Swiggy Food Marketplace, emphasised that delivery partners form the backbone of the company’s operations, and ensuring their well-being is a key priority. Sulabh International, known for its contributions to sanitation and hygiene, also praised the initiative as a step toward inclusive sustainability.

Swiggy’s Broader Sustainability Goals

In addition to improving working conditions for delivery partners, Swiggy has announced long-term sustainability commitments. The company aims to transition to a 100% electric vehicle (EV) delivery fleet by 2030, significantly reducing its carbon footprint. Furthermore, it has set a goal for all restaurant partners to adopt responsible packaging alternatives within the same timeframe.

Swiggy also plans to minimise food waste by cutting perishable waste in its direct operations by 25% year-on-year through automation and improved processes. To support local economies, the company has pledged to ensure that 100% of its locally available harvests are sourced indigenously by 2025. Moreover, it is investing in skill development, aiming to upskill and reskill over one million individuals in its value chain by 2030, with a particular focus on empowering 100,000 women.

Swiggy Share Performance

As of March 12, 2025, at 10:32 AM, the shares of Swiggy are trading at ₹349.80 per share, down by 0.86% from the previous closing price. The stock has surged by 2.48% from its previous day’s closing price.

Conclusion

Swiggy’s sustainability initiatives demonstrate a forward-thinking approach that balances business growth with social and environmental responsibility. Through its collaboration with Sulabh International and its ambitious goals for a greener future, the company is setting a new standard for corporate sustainability in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.