On May 31, 2024, PVR INOX announced that they had launched a 3-screen multiplex at Machilipatnam, Andhra Pradesh. The company stated that this is their first multiplex at Varam Central Mall in Machilipatnam, Andhra Pradesh. With a seating capacity of 872 guests, it marks PVR INOX Limited’s first establishment in Andhra Pradesh after the merger …
On May 31, 2024, Suzlon Group informed in an exchange filing that the company had secured a new order win to develop an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited. Suzlon will install 26 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of …
Dr Reddy’s Laboratories has announced that its wholly-owned subsidiary, Aurigene Oncology Limited (formerly Aurigene Discovery Technologies Limited), has invested ₹649,99,99,520 (approximately ₹6,500 million) in Aurigene Pharmaceutical Services Limited (APSL). Aurigene Pharmaceutical Services Limited issued 11,60,71,420 equity shares to AOL on May 30, 2024, at ₹10 each, with a premium of ₹46 per share. Aurigene Pharmaceutical …
On May 31, 2024, Tilaknagar Industries Limited announced the launch of a new flavour innovation under its Flandy (premium-flavoured Brandy) range. Mansion House Flandy has now been launched in an all-new Green Apple flavour in the state of Telangana, to start with. The company stated that they have seen a very encouraging response to its …
Tube Investments of India Limited (TIIL), a leading player in the Indian engineering industry, announced a significant move to solidify its position in the burgeoning electric vehicle (EV) market. Through its wholly-owned subsidiary, M/s. Tl Clean Mobility Private Limited (TICMPL), TIIL, has acquired a controlling stake in M/s. IPLTech Electric Private Limited (IPLT). Acquisition Details …
On May 31, 2024, DroneAcharya Aerial Innovations Limited announced its financial results for the financial year ended 2024. The company achieved a 90% year-on-year growth in revenue. Financial Highlights of FY 2024 Standalone: In FY 2024, DroneAcharya Aerial Innovations Limited’s total income was ₹3,735.32 lakh, up by 95.20% compared to ₹1,913.55 lakh in FY 2023. …
On May 30, 2024, Power Grid Corporation of India Limited informed in a stock exchange filing that having been selected as the successful bidder under tariff-based competitive bidding, the company acquired Khavda IV-E2 Power Transmission Limited (KIVE2TL). This Project SPV will establish the Transmission System for Evacuation of Power from the potential renewable energy zone …
On May 30, 2024, Kewal Kiran Clothing Limited (KKCL) informed the stock exchanges about the strategic acquisition of a 50% stake in Kraus Casuals Private Limited (KCPL) for a total consideration of ₹166.51 crore. The company stated that the equity stake would be acquired via primary infusion and secondary purchase. By entering into the women’s …
On May 30, 2024, Sun Pharmaceutical Industries Limited (Sun Pharma) informed the stock exchanges that the company has accepted the preferential offer to acquire 14.28% shares of the Indian Foundation for Quality Management (IFQM), a Section 8 Company. Details of the Acquisition Sun Pharmaceutical Industries Limited is investing in the equity shares of IFQM at …
TBO Tek Limited, a leading travel technology company, announced a significant investment of ₹100 crore in its wholly-owned subsidiary, Tek Travels DMCC. This strategic move highlights TBO Tek’s commitment to accelerating its international expansion plans and capturing a larger share of the global travel market. Fueling Growth Through Targeted Investment The Board of Directors of …
