UltraTech Cement Ltd., on April 3, 2025, announced the acquisition of 100% equity in Wonder WallCare Pvt. Ltd. The transaction is valued at an enterprise value not exceeding ₹235 crore. UltraTech will acquire 6,42,40,000 equity shares of ₹10 each through a cash consideration, and the deal is expected to close within three months.

As of 10:42 AM on April 4, 2025, UltraTech Cement share price was trading at ₹11,485.05, a 1.05% down, with a gain of 11.81% over the past month and 15.89% over the past year.

Share Purchase Agreement

The company has signed a Share Purchase Agreement (SPA) with Wonder Cement Ltd., the parent company of Wonder WallCare, and Mr. Kushal Sogani, who held a 25% stake. After completion, Wonder WallCare will become a wholly-owned subsidiary of UltraTech Cement.

Purpose of Acquisition

According to UltraTech, the acquisition supports its expansion plans in the white cement and wall putty segment. The company intends to scale up its production of value-added products in this category.

Regulatory and Transaction Details

• The acquisition is not classified as a related-party transaction.
• No regulatory approvals are required.
• The entire consideration will be paid in cash.

About Wonder WallCare Pvt. Ltd.

Wonder WallCare was incorporated on December 13, 2019. It operates in the manufacture of wall putty and related products. The company is based in Ajmer, Rajasthan. The turnover of Wonder WallCare has grown over the last three years:

FY22: ₹0 crore  

FY23: ₹20.36 crore  

FY24: ₹78.61 crore  

Manufacturing Facility

Wonder WallCare has a 6 lakh metric tonnes per annum (MTPA) manufacturing plant located in Rajsamand-Nathdwara, Rajasthan. The facility was constructed during FY23 and is located near raw material reserves and UltraTech’s existing manufacturing units in the region.

Conclusion

The transaction will help expand UltraTech’s presence in the wall putty segment and add a new manufacturing asset to its portfolio.

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. 

 

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Zomato, the food delivery company, will officially change its name to Eternal Limited on April 9, 2025, as per the reports. This change applies to the company’s listing on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The updated symbol on both exchanges will be ETERNAL, replacing the current ticker ZOMATO.

As of 10:14 AM on April 4, 2025, Zomato share price is trading at ₹206.50, down by 2.09%, with a decline of 23.36% over the past 6 months and a gain of 12.83% in the past year.

Impact on Website and Ticker

Following the change, the company’s corporate website will move from zomato.com to eternal.com. The stock symbol will be updated on both exchanges from ZOMATO to ETERNAL. Investors and market participants will need to refer to the new name and ticker beginning next week.

The name change was approved by the Ministry of Corporate Affairs (MCA) and confirmed through an official filing dated March 20, 2025. The NSE also issued a circular on April 3, 2025, stating that the change will take effect from April 9​.

No Change to Consumer Brands

The name change applies only to the corporate identity. There will be no change to the brand names or app interfaces used by consumers. Zomato, Blinkit, Hyperpure, and District will continue operating under their current names.

Business Structure

The newly named Eternal Limited will continue to operate across its four main business verticals:

• Zomato – food delivery
• Blinkit – quick commerce
• Hyperpure – B2B restaurant supply
• District – dining out and restaurant services

Conclusion

Effective April 9, 2025, Zomato Limited will be known as Eternal Limited on the NSE and BSE. While the food may still come from Zomato, the vision now wears a new name. Whether the rebrand adds value beyond symbolism will unfold in the quarters ahead.

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. 

 

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Nestle India has taken a significant step in expanding its manufacturing footprint with the establishment of its first factory in eastern India. The foundation stone for the new facility was laid in Khordha, Odisha, in the presence of the Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi. This factory, Nestle India’s tenth in the country, represents a crucial milestone in the company’s commitment to the ‘Make in India’ initiative and its ongoing efforts towards sustainable and technologically advanced manufacturing.

Strategic Importance of the Khordha Factory

The Khordha factory is set to play a vital role in Nestle India’s expansion plans. With an initial investment of approximately ₹900 crores, the facility will focus on producing food products, including prepared dishes and cooking aids. The strategic choice of Odisha as a location not only enhances Nestlé’s reach in eastern India but also aligns with the region’s growing industrial potential.

 

During the groundbreaking ceremony, Shri Mohan Charan Majhi expressed his support for the project, highlighting its potential to drive economic growth and employment in the region. The factory is expected to bring in advanced technology, boost local industry, and provide a sustainable, digitally managed, and paperless manufacturing environment.

Commitment to Sustainability and Diversity

“With a steadfast adherence to ‘Make in India,’ we had announced our tenth factory in Odisha, reaffirming the significance of India as a market,” said Suresh Narayanan, Chairman and Managing Director, Nestlé India. “We are confident that this upcoming factory will not only help us with our business but will also stand tall as a vibrant example of gender diversity, sustainable manufacturing, a paperless, digitally managed facility with an abiding focus on the environment.”

 

Nestlé India has a wide network of manufacturing plants located in various regions of India, including Moga, Choladi, and Pantnagar, and is further extending its presence with a new factory in Khordha, highlighting their commitment to nationwide consumer reach.

 

Moreover, Nestle India aims to make this factory an inclusive workplace, fostering gender diversity and providing employment opportunities for a broader workforce. This move reflects the company’s long-term vision of creating sustainable growth while making a positive social impact.

Nestle India Share Performance 

As of April 04 2025, at 9:50 AM, Nestle India share price was trading at ₹2,262.35, reflecting a surge of 0.74% from its previous closing price. Over the past month, it has surged by 5.40%.

Conclusion

The establishment of Nestle India’s first factory in eastern India marks a major step forward in the company’s expansion strategy. By integrating cutting-edge technology, sustainability, and inclusivity, Nestle India is reinforcing its position as a leader in the food manufacturing industry. The Khordha facility is set to contribute significantly to economic development while setting new benchmarks for modern and responsible manufacturing.

 

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.

 

On April 3, 2025, both JFSL and BlackRock subscribed to 6.65 crore equity shares each of the joint venture. The shares have a face value of ₹10 per share. The total capital raised in this round stands at ₹66.5 crore, equally contributed by both partners.

Including this latest round, the total cumulative investment in the JV now amounts to ₹84.5 crore. The ownership structure remains unchanged, with both entities holding a 50% stake.

As of 10:07 AM on April 4, 2025, Jio Financial Services share price was trading at ₹224.36, 2.36% down, but down 31.92% over the past six months and 36.16% over the past year.

Purpose of Funds

The capital will be used by the joint venture to support its business operations. No additional breakdown of fund utilization was provided in the disclosure.

Nature of the Transaction

The transaction is classified as a related party transaction. According to JFSL, it was carried out on an arm’s length basis. The company also stated that none of its promoters, promoter group, or other group companies have any interest in the investment. No government or regulatory approvals were required for this investment. The transaction was completed at 1:16 PM on April 3, 2025.

Financial Performance

Jio Financial Services announced a net profit of ₹294.8 crore for the third quarter ending December 31, 2024, representing a 0.3% year-over-year (YoY) increase from ₹293.8 crore. The company’s revenue from operations also saw a 6% YoY rise, reaching ₹438.4 crore compared to ₹413.6 crore.

Jio Financial Services significantly expanded its operations, with assets under management more than tripling to ₹4,199 crore from the previous quarter’s ₹1,206 crore. The company’s payments bank also saw substantial growth, increasing its CASA customer base by 25% to 1.89 million. Furthermore, Jio Financial Services integrated its payment functionalities into the JioBharat platform.

Conclusion

The joint venture has now received a total investment of ₹84.5 crore from its two shareholders. The latest round of ₹66.5 crore was completed without regulatory hurdles and maintains the 50:50 ownership between Jio Financial and BlackRock.

 

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.

 

Zaggle Prepaid Ocean Services Ltd has entered into an agreement with Thomas Cook (India) Ltd, as disclosed to the National Stock Exchange (NSE) and BSE on April 3, 2025. The partnership falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of 9:43 AM on April 4, 2025, Zaggle Prepaid Ocean Services share price was trading at ₹349.95, a 2.21 % down for the day, but down 22.15% over the past 6 months and up 20.83% over the past year.

Agreement Details

The agreement involves the integration of Thomas Cook’s corporate travel services with Zaggle’s expense management platform. The collaboration will focus on offering a single platform for travel bookings, real-time expense tracking, and compliance features for businesses.

The nature of the contract is domestic, but its services will extend to both domestic and international travel requirements. The time period for the execution of this agreement is two years.

Points from the Disclosure

• Name of the awarding entity: Thomas Cook (India) Ltd
• Type of contract: Agreement
• Contract awarded by: Domestic entity
• Nature of services: Domestic and international corporate travel management, integrated with expense tracking
• Execution timeline: 2 years
• Promoter involvement: No promoter, promoter group, or related party interest involved
• Related party transaction: Not applicable

Purpose of the Agreement

According to the official disclosure, the agreement is intended to provide a tech-enabled platform for business travel and expense management. It combines Thomas Cook’s travel management services with Zaggle’s software infrastructure to deliver a unified offering to enterprises.

Regulatory Compliance

The information was disclosed in line with SEBI’s circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which outlines the format and process for disclosing material events to stock exchanges.

Conclusion

This is a formal collaboration between a travel service provider and a fintech firm aimed at boosting enterprise travel and expense management solutions. There is no commentary on the development at this time.

 

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.

Advait Energy Transitions Limited has been confirmed as the L1 (lowest) bidder for a turnkey power infrastructure contract issued by Dakshin Gujarat Vij Company Limited (DGVCL). The project falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme, which focuses on improving the electricity infrastructure in the tribal areas of Gujarat.

As of 9:40 AM on April 4, 2025, Advait Energy Transitions share price was trading at ₹1,235.10, up ₹95.05 (8.13%) for the day, though down 29.56% over the past 6 months and 5.69% over the past year.

Scope of Work

The contract includes the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) and associated accessories. The total project will cover 580 circuit meter kilometers (CMK). Poles and related fabrications required for the project will be provided by DGVCL.

The work is to be executed and completed within a 15-month period from the date of commencement. No start date has been announced yet, as the Letter of Intent or Award is awaited.

Official Confirmation

In an exchange filing dated April 3, 2025, Advait Energy informed BSE that it had received confirmation as the L1 bidder. The company mentioned that further details as required under Regulation 30 of the SEBI (LODR) Regulations, 2015, will be disclosed in a separate announcement once the formal award or Letter of Intent is issued.

The execution of the project will be carried out within the jurisdiction area of DGVCL, which operates in the southern part of Gujarat.

Background on VKY-2

The Vanbandhu Kalyan Yojana-2 (VKY-2) is a state government scheme aimed at enhancing development infrastructure in tribal areas, including improvements in power distribution and reliability.

Conclusion

Advait Energy Transitions Limited will proceed with the project upon receiving the Letter of Intent. The project, once started, will span 15 months and will cover a length of 580 CMK with MVCC installation under the VKY-2 scheme.

 

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.

A consortium of Hitachi Energy India Ltd and Bharat Heavy Electricals Limited (BHEL) has been awarded a high-voltage direct current (HVDC) transmission contract by Rajasthan Part I Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL).

As of 9:33 AM on April 4, 2025, Hitachi Energy India share price was trading at ₹12,364.80, a 0.20% down for the day, with a 6-month decline of 11.70% but a 79.95% gain over the past year. Bharat Heavy Electricals Ltd (BHEL) share price was trading at ₹220, a 0.60% up for the day, though down 17.86% over the past 6 months and 12.60% over the past year.

Project Details

The project involves the development of a 6,000 MW, ±800 kilovolt (kV), bi-pole, bi-directional HVDC transmission link. The transmission system will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh, covering a distance of approximately 950 kilometers. This infrastructure is part of the national renewable energy evacuation plan and supports India’s target of reaching 500 GW of renewable capacity by 2030.

Scope of Work

The project includes the supply and installation of converter transformers, AC/DC control and protection systems, thyristor valves, 765 kV/400 kV grid connections, and auxiliary systems. Hitachi Energy and BHEL will jointly execute the design and delivery. 

The link is scheduled for completion by 2029.

BHEL’s Contribution

BHEL will manufacture components at its Bhopal and Bengaluru units. The Bhopal facility will supply converter transformers, shunt reactors, filter bank capacitors, medium-voltage switchgear, and instrument transformers. Thyristor valves required for current conversion will be produced at BHEL’s Electronics Division in Bengaluru. BHEL’s Transmission Business Group will manage the installation of the 765 kV/400 kV grid at Fatehpur and the 400 kV AC substations at Bhadla and Bhadla Extension.

Background

This is the fourth Ultra High Voltage Direct Current (UHVDC) transmission project awarded to BHEL. The company has previously executed the North-East Agra and Raigarh-Pugalur HVDC links and is currently working on the Khavda-Nagpur HVDC link in partnership with Hitachi Energy.

Conclusion

The project is part of India’s renewable energy transmission infrastructure and is to facilitate power transfer from a major renewable zone in Rajasthan to northern industrial hubs.

 

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.

Shilpa Medicare Limited, a leading pharmaceutical company, has expanded its global footprint with the launch of BORUZU™ (Bortezomib for Injection 3.5mg/1.4ml) in the United States. Partnering with Amneal Pharmaceuticals, this launch marks a significant step in providing more efficient and accessible oncology treatments. The ready-to-use formulation aims to enhance patient care by reducing preparation time and improving administration convenience.

A Milestone in Oncology Treatment

Shilpa Medicare, in collaboration with its marketing partner Amneal Pharmaceuticals, has introduced BORUZU™, a novel oncology drug designed for both subcutaneous and intravenous administration. Unlike traditional bortezomib formulations that require reconstitution before use, BORUZU™ comes in a ready-to-use form, eliminating complex compounding steps. This advancement is expected to improve operational efficiency in healthcare settings and reduce patient wait times.

BORUZU™ is a proteasome inhibitor used for the treatment of multiple myeloma and mantle cell lymphoma. The drug has received a permanent J-code from the U.S. Centers for Medicare & Medicaid Services (CMS), ensuring streamlined reimbursement for medical providers. The molecule was developed by Shilpa Medicare, while Amneal Pharmaceuticals will handle its manufacturing and commercial distribution in the US market.

Shilpa Medicare’s Vision in the Pharmaceutical Industry

Shilpa Medicare has consistently demonstrated its commitment to innovation by developing advanced pharmaceutical solutions. The company specialises in niche oncology and non-oncology Active Pharmaceutical Ingredients (APIs), peptides, and differentiated dosage forms, including injectables and transdermal patches. With multiple R&D centres and manufacturing facilities, it also provides Contract Development and Manufacturing Organisation (CDMO) services to global pharmaceutical firms.

According to Vishnukant Bhutada, Managing Director of Shilpa Medicare, the launch of BORUZU™ highlights the company’s focus on introducing pharmacy-efficient solutions that enhance compliance and accessibility for patients. This development aligns with Shilpa’s broader mission to improve healthcare by delivering high-quality and innovative pharmaceutical products worldwide.

Shilpa Medicare Share Performance 

As of April 03 2025, at 1:00 PM, Shilpa Medicare share price was trading at ₹679.70, reflecting a surge of 4.88% from its previous closing price. Over the past month, it has surged by 12.60%.

Conclusion

The introduction of BORUZU™ in the US market represents a major achievement for Shilpa Medicare, reinforcing its position as a key player in the oncology pharmaceutical sector. By offering a ready-to-use formulation, the company is enhancing the efficiency of cancer treatment while improving patient experience. This milestone reflects Shilpa Medicare’s ongoing commitment to pharmaceutical excellence and innovation.

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.