Mid cap
Equitas SFB to seek nod for QIP, NCD raise at June 24 board meet
First public disclosure of capital-raising plans. No size or pricing yet. The AGM will decide.
Volrado dumps half its Rashi Peripherals stake in a day
The institutional investor sold 1.9 million shares (2.88% of equity) on June 16, cutting its holding from 6.10% to 3.22%.
Mahindra Lifespace grabs ₹5,600 cr GDV land in Kandivali East
The 15-acre greenfield site, won via competitive bid, adds 1.8 mn sq ft of development potential in a prime Mumbai micro-market. At 75% of its market cap, it's a company-defining bet.
Alembic eyes $259M cancer market with tentative US nod for Binimetinib
Sole first applicant with Paragraph IV, Alembic qualifies for 180-day generic exclusivity on a melanoma and NSCLC drug. This is its largest single-product opportunity this year.
Shaily Engineering promoter Vanita Nagda sells entire 2.27% stake
The sale, valued at about ₹288 crore, was executed on June 18. The promoter group's aggregate stake falls.
DCM Shriram adds ₹18 cr for 10 MW renewable power at Bharuch
The board approved an additional equity investment to secure ~10 MW, bringing total approved outlay to ₹105 cr for ~58 MW. Total renewable capacity at the plant will reach ~108 MW upon completion.
WABAG lands >$150M desalination plant in Kuwait, first Gulf entry
The order is over 32% of annual revenue and includes a 5-year O&M phase, giving multiyear visibility.
Jubilant Pharmova's Spokane plant gets 8 FDA observations, none on sterility
No sterility concerns at key injectables unit, but 8 observations require a 15-day response. Spokane Line 3 expansion is the growth driver.
GE Power India sets July 20 for demerger vote on Durgapur unit to JSW Energy
NCLT-ordered meetings on 20 July will see shareholders and creditors vote on transferring the Durgapur manufacturing facility to JSW Energy Ltd.
Allied Blenders taps United Spirits veteran as new CRO
Monish Bhasin joins as Chief Revenue Officer from July 1, 2026, succeeding Manoj Kumar Rai who resigned due to parents' health. Bhasin brings 28 years of experience in alco-bev and consumer goods.
Diamond Power doubles QIP ceiling to ₹2,000 cr, seeks to fix shareholding
With a market cap of ₹10,782 cr, the QIP size is large at 18.6% of equity. Proceeds to address minimum public shareholding norms and fund expansion.
Mahindra Lifespace lands YKK India's ₹1,200 cr factory at Origins Chennai
Japanese fastening giant commits USD 150 million for 149,936 sqm facility; adds to global manufacturer tenant list.
Jyothy Labs was talking up Pril while quietly killing it
Management told investors in May they'd keep investing in Pril. By June 1, manufacturing stopped. Arbitration at SIAC has begun.
Brigade loses environmental clearance for Chennai project, calls order illegal
Tamil Nadu SEIAA revokes nod for Brigade Morgan Heights without hearing, despite Madras HC dismissing a PIL on the project three months ago. Company appeals.
Aequs maps 4x-6x revenue jump by 2031, but Hasbro loss clouds trajectory
First-ever Investor Day lays out quantified targets: **$350-450M** capex, **18-22%** EBITDA margins, **20%** ROCE. Current quarter losses and a lost toy contract remain unaddressed.
P&G Health's FY26 sales up 16%, profit up 30%; innovation and distribution gain
Concall confirmed strong revenue and profit growth. New products beat expectations, distribution added 30k extra-urban pharmacies. No FY27 guidance but management sees sustained momentum.
GMR Power promoters pledge 2.82% more equity, total encumbrance hits 61.07%
Promoter entity GMR Enterprises pledged shares valued at ₹232 cr to secure ₹300 cr of unrated NCDs for personal use. The low coverage ratio of 0.77 signals high borrowing strain.
Cohance promoters pledge 54% of equity to refinance $285M debt
Jusmiral Holdings and Berhyanda have gone from zero encumbrance to pledging their entire stake. The loan amounts to 14.5% of market cap.
Lloyds Enterprises buys 88% of Steel Infra Solutions for ₹1,073 cr
The acquisition, via cash and share swap, adds a heavy steel fabrication firm with ₹816.87 cr revenue and a 30-month listing roadmap.
Lloyds Engineering buys SISCOL for ₹1,073 cr to build ₹10,000 cr revenue platform
The structural steel fabricator adds ₹817 cr in revenue and a ₹1,134 cr order book. Founder Ravi Uppal stays on to lead the acquired entity.
Lloyds Engineering buys 52% stake in SISCOL for ₹635 cr
The deal brings former JSPL MD Ravi Uppal's company under its fold, adding ₹817 cr revenue and 100,000 MTPA capacity. Combined entity creates an integrated engineering and EPC platform.
Bata India picks Nike executive Sanjay Rao as next CEO
Sanjay Rao, who led Zara's India entry and held senior roles at Nike and Guess, will take over from Gunjan Shah in August 2026.
BCCL hands over 2 MTPA Dugda washery to JSW Steel in first-ever monetisation
In a milestone for the coal sector, BCCL transfers its 2 million tonne per annum Dugda Coal Washery to JSW Steel, aligning with Mission Coking Coal to cut import dependence.
JBM Auto's e-bus arm lands ₹750 cr investment from Motilal Oswal
Growth capital to deploy 2,000 e-buses, taking fleet to 5,000 units within a year. Largest EV investment by an Indian investor.
CDSCO suspends HCG ethics panel from new trials for 24 months
India's drug regulator bars HCG's KR Unit Ethics Committee from approving new clinical trials for failures in reporting serious adverse events. Hospital operations unaffected.