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Vikas Lifecare Consortium Moves Forward with USD 361 Million Ebix Acquisition

Vikas Lifecare Consortium Moves Forward with USD 361 Million Ebix Acquisition

29 July 2024

Vikas Lifecare Limited has announced a significant update on the acquisition of Ebix Inc. On July 26, 2024, the consortium, led by Eraaya Lifespaces Limited, remitted USD 14 million (approximately ₹117 crore), bringing the total payments made to date to USD 35.75 million (approximately ₹299 crore). The company stated that an additional USD 6.60 million …

Cosmic CRF Ltd Secures Significant Contracts Worth ~₹2,560.41 Lakh

Cosmic CRF Ltd Secures Significant Contracts Worth ~₹2,560.41 Lakh

29 July 2024

Cosmic CRF Ltd recently announced significant new orders through a stock exchange filing, highlighting a robust demand for its products within the Indian rail industry. The company has secured contracts from 3 distinct Wagon Manufacturing Companies and 6 divisions of Indian Railways, collectively valued at ~₹2,560.41 lakh (inclusive of GST). Order Details First Order Gross …

MCX Announces New Investment in Associate Company IIBH

MCX Announces New Investment in Associate Company IIBH

29 July 2024

Multi Commodity Exchange of India Limited (MCX) announced in a stock exchange filing that its Board of Directors, during a meeting on July 27, 2024, approved further investment in its associate company, India International Bullion Holding IFSC Ltd (IIBH). MCX will subscribe to the Rights Issue of 20 crore equity shares at ₹1 each, totalling …

Zen Technologies Reports 92% YoY Revenue Growth in Q1 FY25

Zen Technologies Reports 92% YoY Revenue Growth in Q1 FY25

29 July 2024

Zen Technologies announced its unaudited financial results for the quarter ended June 30, 2024. Standalone Financial Highlights Q1FY25 In Q1 FY 2025, the company’s revenue grew 92% YoY to ₹253.96 crore. The operational EBITDA for the quarter stood at ₹103.20 crore, which is 56% higher than the EBITDA compared to the same period last year. …

Monarch Networth Capital Announces ₹300 Crore Fund Raise

Monarch Networth Capital Announces ₹300 Crore Fund Raise

29 July 2024

On July 28, 2024, Monarch Networth Capital Ltd, an integrated financial services firm listed on both stock exchanges, announced a strategic fundraising and a bonus share issue following a decisive board meeting. The company has secured an equity fundraising of ₹300 crore at ₹560 per share through preferential allotment. This move is championed by Promoter …

UltraTech to Acquire 32.72% Stake in India Cements, Expanding Presence in Southern Market

UltraTech to Acquire 32.72% Stake in India Cements, Expanding Presence in Southern Market

29 July 2024

On July 28, 2024, The Board of Directors of UltraTech approved the purchase of a 32.72% equity stake in India Cements Limited from its promoters and their associates. In June 2024, UltraTech made a financial investment to acquire a 22.77% equity stake in India Cements at ₹268 per share. Following this investment, the promoter group …

L&T Secures Major Orders for Grid Enhancements

L&T Secures Major Orders for Grid Enhancements

29 July 2024

On July 29, 2024, Larsen and Toubro Ltd announced via a stock exchange filing that its Power Transmission & Distribution (PT&D) division has secured new orders to build substations and transmission lines in India, Saudi Arabia, and the UAE. These projects are vital for enhancing the global electricity network, supporting the shift to clean energy, …

Coforge Recognised as a Leader in Asset and Wealth Management by NelsonHall NEAT

Coforge Recognised as a Leader in Asset and Wealth Management by NelsonHall NEAT

29 July 2024

On July 29, 2024, Coforge Limited informed the stock exchanges that it has been recognised as a Leader in the 2024 NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for Asset and Wealth Management services. The company secured top positions in both the ‘Overall’ and ‘AI & Analytics Services’ categories. NelsonHall, a prominent global analyst firm …

JSW Energy Expands Total Generation Capacity to 16.2 GW with New Hybrid Project

JSW Energy Expands Total Generation Capacity to 16.2 GW with New Hybrid Project

29 July 2024

JSW Energy Limited has announced that its wholly owned subsidiary, JSW Neo Energy Limited (JSW Neo), has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to establish a 192 MW Grid-connected Hybrid Power Project. This project includes an additional 96 MW under the green shoe option. The capacity was awarded …

RattanIndia Enterprises’ Revolt Motors Secures EV Subsidy Approval

RattanIndia Enterprises’ Revolt Motors Secures EV Subsidy Approval

30 July 2024

On July 30, 2024, RattanIndia Enterprises Limited announced that its electric mobility arm, Revolt Motors, has received official approval from the Ministry of Heavy Industries to qualify for the Government of India’s Electric Vehicle (EV) subsidy schemes. This development marks a significant milestone for Revolt Motors as it resolves all previous issues related to the …

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