Mahindra & Mahindra Financial Services Ltd (MMFSL) and Mahindra Lifespace Developers Ltd (MLDL) have announced their plans to raise a combined ₹4,500 crore through rights issues. This move aims to enhance their capital base and support expansion. Mahindra & Mahindra Ltd (M&M), the parent company, has committed to fully subscribing to its entitlement and any remaining unsubscribed shares.

Mahindra Group Companies Announce Fundraising Plans

In a regulatory filing on Thursday, 20 February, MMFSL confirmed its intention to raise up to ₹3,000 crore, while MLDL aims to secure ₹1,500 crore through rights issues. This capital infusion is expected to strengthen their financial position and aid in long-term business growth.

Mahindra & Mahindra’s Commitment to the Rights Issue

Mahindra & Mahindra Ltd (M&M) has pledged to subscribe fully to its rights entitlement in both the companies of the group i.e. MMFSL and MLDL. Additionally, the company has approved purchasing any unsubscribed portion, ensuring the completion of the total issue size.

M&M Share Performance

The shares of M&M declined in today’s session reacting to this news. As of February 21, 2025, at 3:06 PM, the shares of M&M are trading at ₹2,671.75 per share, reflecting a decline of 5.94% from the previous day’s closing price. Over the past month, the stock has registered a decline of 5.32%.

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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.

H.G. Infra Engineering sold its 100% equity stake for ₹133.03 crore after shareholder approval, with the subsidiary having a minor impact on revenue and net worth.

Sale of Subsidiary

H.G. Infra Engineering Limited has completed the sale of its entire 100% stake in Rewari Bypass Private Limited, a wholly-owned subsidiary, to Highways Infrastructure Trust. This transaction involved transferring 14,38,065 equity shares.

Financial Impact 

Rewari Bypass Private Limited contributed ₹60.92 crore to the company’s total revenue, making up 0.12% of consolidated earnings. Additionally, its net worth stood at ₹105.82 crore, representing 4.56% of the company’s overall net worth.

Transaction Details

The sale was executed under a Share Purchase Agreement and was approved by shareholders. The company received ₹133.03 crore as full consideration for the sale. The sale is in line with HG Infra’s strategy to generate value by monetising assets and efficiently allocating capital within its infrastructure portfolio.

About the company 

H.G. Infra Engineering Limited is a construction company specialising in infrastructure development, including highways, roads and bridges. It focuses on executing high-quality projects with efficiency and innovation. The company has a strong presence in the sector, undertaking projects across various regions to contribute to national infrastructure growth.

Share Performance 

As of February 21, 2025, at 9:30 AM, the shares of H.G. Infra are trading at ₹1,142.30 per share, reflecting a surge of 1.07% from the previous day’s closing price. Over the past month, the stock has registered a loss of 14.89%. The stock’s 52-week high stands at ₹1,879.90 per share while its 52-week low is ₹855.80 per share.

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.

The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), in collaboration with the Securities and Exchange Board of India (SEBI), have launched a Unified Investor Platform to enhance the way investors manage their portfolios. This platform integrates MyEasi by CDSL and SPEED-e by NSDL, offering a consolidated view of shareholdings, investments, and financial statements. By streamlining financial information across multiple accounts, the initiative aims to provide a secure and accessible solution for investors.

Empowering Retail Investors with Greater Access

At the launch event in Mumbai on 20 February 2025, SEBI Chairperson Madhabi Puri Buch highlighted the platform’s role in democratising investing. She noted that detailed portfolio insights were previously available only to institutional investors with dedicated relationship managers. Now, retail investors can access the same level of information, enabling them to optimise their portfolios and make well-informed decisions. She emphasised that the platform prioritises investor empowerment over market competition or profitability.

Enhancing Security and Simplifying Asset Management

The Unified Investor Platform addresses concerns about fraudulent intermediaries by sourcing data directly from exchanges, depositories, and clearing corporations. This ensures that investors receive authentic and accurate information, minimising the risk of fraud and unauthorised access. Additionally, the platform simplifies asset transmission and inheritance, as all financial data is consolidated, making it easier for investors to manage and transfer their assets efficiently.

CDSL Share Performance

As of February 21, 2025, at 2:08 PM, the shares of CDSL are trading at ₹1,257.10 per share, reflecting a surge of 0.63% from the previous day’s closing price. 

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.

GAMCO Limited, formerly known as Visco Trade Associates Ltd, conducted a Board Meeting on February 20, 2025. The company made significant decisions concerning a bonus share issue and an increase in authorised share capital. These resolutions are subject to shareholder approval and align with the company’s growth strategy.

Bonus Share Issue

The Board approved a bonus share issuance in the ratio of 5:4, meaning shareholders will receive five fully paid-up equity shares for every four shares held. The shares will have a face value of ₹2 each. This issuance will be executed using the company’s free reserves and share premium account. The total number of new equity shares to be issued is 30,017,500. The record date for eligibility will be communicated later, and the bonus shares are expected to be credited within two months of approval.

Increase in Authorised Share Capital

To support expansion, the Board also approved an increase in the company’s authorised share capital from ₹5.65 crore to ₹15 crore. The total number of equity shares will rise from 2.82 crore to 7.5 crore, each having a face value of Rs. 2. Consequently, the Memorandum of Association has been amended to reflect this change, pending shareholder approval.

Gamco Share Performance

As of February 21, 2025, at 2:26 PM, the shares of Gamco are trading at ₹85.50 per share, reflecting a surge of 5.69% from the previous day’s closing price. Over the past month, the stock has registered a decline of 21.63%.

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.

Tata Steel, one of India’s leading steel manufacturers, has reinforced its international presence through a significant ₹2,603 crore acquisition of its Singapore-based subsidiary, TSHP. This move not only solidifies its foothold in the Singapore market but also aligns with its broader strategy of global growth. 

Acquisition Details

Tata Steel Limited has acquired 19,10,82,80,25 equity shares of T Steel Holdings Pte. Ltd. (TSHP) at a face value of USD 0.157 per share. The total investment amounts to $300 million (approximately ₹2,603.16 crore). As a result, TSHP will remain a fully owned subsidiary of Tata Steel.

Exchange Rate Reference

For currency conversion, Tata Steel has used the exchange rate of ₹86.7721 per USD, as published by the Reserve Bank of India (RBI) on February 17, 2025. 

Strengthening Global Presence 

TSHP is the Singapore-based subsidiary of Tata Steel, a leading Indian steel company. In this strategic move, Tata Steel acquired over 191 crore equity shares of TSHP for $300 million. This acquisition enhances Tata Steel’s global presence and reinforces its position in the Singapore market.

About the company 

Tata Steel, founded in 1907 by Jamsetji Tata, is a global steel producer operating in India, the UK, the Netherlands, Thailand and Canada. It manufactures and distributes steel products including hot-rolled, cold-rolled and galvanized steel. Recognized for excellence, it has received the World Economic Forum’s Global Lighthouse recognition and the Prime Minister’s Trophy for top performance.

Share Performance 

As of February 21, 2025, at 11:45 AM, with a market capitalisation of ₹1.74 trillion, the shares of Tata Steel Ltd are trading at ₹139.98 per share, reflecting a surge of 1.41% from the previous day’s closing price. Over the past month, the stock has registered a profit of 7.93%. The stock’s 52-week high stands at ₹184.60 per share, while its 52-week low is ₹122.62 per share.

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.

Senores Pharmaceuticals Limited (SPL) has acquired the USFDA-approved Abbreviated New Drug Application (ANDA) for Roflumilast 250 mcg and 500 mcg tablets from Breckenridge Pharmaceutical, Inc., a subsidiary of Towa International. 

This agreement was executed through its wholly-owned US subsidiary, Senores Pharmaceuticals, Inc.

IPO Proceeds Used for Acquisition

The acquisition is being funded through SPL’s IPO proceeds, in line with the company’s previously stated objectives. The transaction, as per the company, aligns with its focus on expanding its speciality distribution portfolio and entering segments with demand for niche, under-penetrated generic formulations.

Roflumilast and Its Market Size

Roflumilast is prescribed for severe Chronic Obstructive Pulmonary Disease (COPD) associated with chronic bronchitis. It is used to reduce the risk of exacerbations in such patients. The US market for Roflumilast is valued at approximately $32 million as per IQVIA (MAT June 2024) and $46 million according to Symphony (MAT September 2024).

Manufacturing in the US

The company has stated that Roflumilast tablets will be manufactured at its US facility. Senores currently operates two formulation manufacturing plants, one in Atlanta, USA (USFDA-approved) and another in Chhatral, India (WHO-GMP approved). 

It also has two API manufacturing sites in India, both located in Ahmedabad.

Operations and Approvals

Senores Pharmaceuticals is engaged in the development and distribution of generic pharmaceuticals across various regulated markets. The company has 24 ANDA approvals and 21 CMO/CDMO commercial products permitted for distribution in the US. It operates in more than 40 countries and has regulatory approvals from over 10 countries for its manufacturing facility in Chhatral.

Market Performance

As of February 21, 9:51 AM, Senores Pharmaceuticals Ltd is trading at ₹555.60, up ₹21.80 (4.08%) today. Since its listing on January 3, the stock has declined by 2.91% overall, but it has gained 9.08% in the past month.

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.

Solarium Green Energy Limited has secured orders worth ₹72 crore after its recent listing on the BSE SME platform. These orders include contracts from NTPC Vidyut Vyapar Nigam Limited (NVVN) and private clients for rooftop solar projects and the supply of solar photovoltaic (PV) modules.

₹55.84 Crore Orders from NTPC

The company has been awarded multiple contracts from NTPC Vidyut Vyapar Nigam Limited, amounting to ₹55.84 crore (excluding GST), for the development of grid-connected rooftop solar projects at various government locations.  The orders are divided into:

• ₹34.22 crore for 10,267 kW Grid Solar Projects in Madhya Pradesh, Chhattisgarh, and Odisha
• ₹21.54 crore for 6,929 kW Grid Solar Projects in Uttar Pradesh
• ₹8.16 lakh for a 27 kW Grid Solar Project at REC Lucknow

The scope of work includes supply, installation, transportation, and maintenance of solar panels. The projects are part of a renewable energy initiative for the Central Armed Forces and the Ministry of Home Affairs. 

The company is expected to complete installation within 240 days from the date of receiving the order.

₹15.70 Crore Orders for Solar PV Modules

In addition to project development, Solarium Green has received ₹15.70 crore (excluding GST) worth of orders from multiple private clients for the supply of Bifacial Topcon Half-cut 132 Cells – Glass-to-Glass PV Modules (TRINA). The names of these clients have not been disclosed.

These solar modules will be supplied within two months from the date of the purchase order. 

Market Update

As of 9:28 AM on February 21, 2025, Solarium Green Energy Ltd is trading at ₹232.10, up ₹11.05 (5.00%) today. Over the past five days, the stock has dipped 0.62%, but since its listing on February 14, 2025, it has gained 4.34% overall.

The company has stated that these orders will be fulfilled within the given timelines, with a 10-year operations & maintenance contract applicable to the NTPC solar projects. 

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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.

The Ministry of Defence (MoD) has signed contracts worth ₹697.35 crore with Action Construction Equipment Ltd (ACE) and JCB India Ltd for the supply of 1,868 Rough Terrain ForkLift Trucks (RTFLTs). These trucks will be used by the Indian Army, Indian Air Force, and Indian Navy to improve logistics and operations.

ACE Gets ₹420 Crore Contract

Of the total order, ACE has secured a ₹420 crore contract to supply 1,121 RTFLTs. The contract was signed in the presence of Defence Secretary R K Singh. The forklifts will be manufactured under the ‘Buy (Indian)’ category, which falls under the government’s push for domestic defence production.

The remaining 747 RTFLTs will be supplied by JCB India Ltd.

Local Manufacturing 

The procurement project is expected to support Micro, Small, and Medium Enterprises (MSMEs) involved in component manufacturing and assembly. The initiative is part of the Aatmanirbhar Bharat plan to increase domestic production in the defence sector.

RTFLTs are used for handling materials in defence operations. They will be deployed across various military bases and logistics hubs to transport supplies. The machines are to operate in rough terrains, improving efficiency in loading and unloading tasks.

Separate ₹1,220.12 Crore Deal for Radios

In addition to the RTFLT contracts, the MoD has also signed a ₹1,220.12 crore contract with Bharat Electronics Limited (BEL) for 149 Software Defined Radios (SDRs). These radios will be used by the Indian Coast Guard for secure communication and data sharing.

Market Impact

Following the announcement, as of February 21, 10:14 AM, Action Construction Equipment Ltd was trading at ₹1,197.00, down 4.03% today, 6.82% over the past month, but up 8.03% in the past year, while Bharat Electronics Ltd is at ₹254.80, down 2.09% today as of 10:15 AM.

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.

JM Financial Limited has received an order from the Deputy Commissioner of Income Tax regarding the assessment year 2008-09. The order, issued under Section 254 read with Section 143(3) of the Income-tax Act, 1961, states that the company will receive a tax refund of ₹230 crore, including interest. 

The order was received on February 19, 2025.

No Violations Reported

According to the company’s disclosure, no violations or contraventions were mentioned in the order. The refund process follows legal proceedings, with no adverse remarks against JM Financial.

The tax refund is expected to have a positive financial impact on JM Financial, as per the reports. While the company has not provided details on how the funds will be used, the refund amount is significant in monetary terms.

Official Statement

The company secretary and compliance officer, Hemant Pandya, has signed off on the disclosure made to the stock exchanges. The company has requested the exchanges to take note of the refund order and disseminate the information appropriately.

JM Financial has not provided any additional comments on the refund apart from the regulatory filing. Further updates on the financial impact or utilisation of the refund may be available in subsequent disclosures.

Background

JM Financial Limited is a financial services company based in Mumbai. The company operates in investment banking, wealth management, and asset management, among other financial segments. Its regulatory filings confirm compliance with applicable laws and procedures related to the tax refund.

As of February 21, 2025, 9:45 AM, JM Financial Ltd is trading at ₹104.65, up ₹1.65 (1.60%) today, despite being down 9.78% over the past month, but showing a 12.98% gain in the last six months.

Compliance and Disclosure

JM Financial has informed the stock exchanges about the order as per regulatory requirements. The disclosure was made under Regulation 30 of the SEBI LODR, which mandates listed companies to report material events. The information has been submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

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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.