Notes archive.
Persistent funds Nagarro with debt, relabels margin
Persistent Systems uses €1.27B bridge loan from Barclays for Nagarro SE, no equity dilution. But a 15.6% margin cited earlier as EBIT is now called EBITDA, raising clarity questions.
Blue Cloud Softech empanelled by BSNL for enterprise private networks
The micro-cap qualifies to bid for private network projects across India under a 60-month agreement. The move adds strategic credibility but no guaranteed revenue.
Puravankara adds ₹1,000 cr GDV JDA in Sarjapur; Q1 pipeline hits ₹5,200 cr
The 6.4-acre deal on Bengaluru's IT corridor raises first-quarter land additions to ₹5,200 crore, a capital-light pipeline boost.
PFC board approves REC merger at 88:100 swap
Power Finance Corporation will absorb REC, creating a combined loan book of over ₹11 lakh crore. The swap ratio of 88 PFC shares per 100 REC shares is now set, pending approvals.
CarTrade's OLX India ties up with IDFC FIRST Bank for used-car loans
The digital loan partnership targets a used-car market that could hit 9.5 million annual transactions by 2030, but the release disclosed no loan volumes or revenue terms.
REC board clears merger with PFC at 0.88:1 swap ratio
The all-stock deal will dissolve REC, creating a dominant power-sector lender with a combined balance sheet. PFC, which already holds 52.63%, will issue new equity to the remaining shareholders.
ACS Technologies enhances subsidiary guarantee to ₹5.39 cr
The ₹89 lakh increase was left out of the June 25 board meeting. Total contingent exposure now equals about 2% of market cap.
Apollo Micro to consider preferential issue; details awaited
The defence firm's board will meet on July 6 to discuss issuing equity or convertible securities. No size or price disclosed yet.
Astral drops unified-brand strategy, CPVC plant on track for Q1 FY27
Management reverses earlier stance, now says 'Astral Chemi' must stand alone. Paints to turn EBITDA positive this fiscal, UK adhesives to double EBITDA from ₹15 cr baseline.
Netweb board to meet July 1 for fundraising
The board will consider raising up to ₹1,200 crore via equity, QIP, or rights. No details on instrument or pricing yet.
WPIL gets three-year tender ban from MP Jal Nigam
Madhya Pradesh Jal Nigam debars the Kolkata firm from future bids over project delays. WPIL says existing contracts are unaffected and it will challenge the order.
Waaree Energies clears US probe: no Chinese cells, no adverse findings
US Customs found no evidence of Chinese-origin cells in Waaree's solar modules, limiting its determination to a narrow subset of historical entries. The company says the clarification has no impact on its U.S. operations or financials.
ADF Foods wins US trade secrets case, awarded $2.3M damages
Court rules Ascot Valley Foods misused proprietary recipes; ADF's own liability limited to ~$101k. Damages may grow for 2026 onward.
Elpro promoters pledge another 3.47%, total encumbered hits 61.47%
The additional pledge of 58.77 lakh shares raises promoter IGE India's encumbered stake to 61.47%, as group entities raise funds via debentures linked to the voluntary delisting process.
SBI MF crosses 5% in Bosch Home Comfort with 1,34,798 share buy
The fund house now holds 5.1451%, up from 4.65%, after open-market purchases. The disclosure is regulatory, not strategic.
South West Pinnacle promoters vend 3.91% stake worth ₹26.9 cr in open market
The Jain family sold 1.17 million shares over two days, cutting their voting stake to 64.94%. No prior disclosure suggests a liquidity-driven exit.
HCLTech teams up with Google Cloud, ServiceNow on AI agents
The expanded collaboration builds on HCLTech's Gemini unit, but no revenue impact or order value was disclosed, routine for a $14.7B firm.
Bacil Pharma loses another large holder as Shah sells 2.75% stake
Manubhai Amrutlal Shah's latest sale brings his June total to over 8%, following last week's 7.10% exit by another substantial shareholder, as the nano-cap sits on zero revenue and a market cap of ₹60 crore.
Disha Resources promoter sells last 1.74%, exits fully
Sarojdevi Kabra has sold her entire remaining stake in Disha Resources, just days after cutting her holding by 2.75%. The nano-cap's only known substantial holder is now gone.
Wagend Infra sees non-promoter group cross 7% stake via open market buying
Sanjeev Lunkad and PACs bought 47,000 shares on June 22, raising their combined stake to 7.04% in this ₹6 cr nano-cap. The move follows an earlier 5% crossing and signals continued strategic interest.
Exxaro Tiles sees key investor offload 3.38% stake after accumulation
Deep Health AI India cut its holding to 5.98% from 8.23% between Feb and June 2026, reversing a buildup that began in late 2025.
Promoter entity sells stake in Longview Tea; board still missing
Jalpaiguri Holdings offloaded 96,500 shares in an off-market deal, dropping its stake below the 5% disclosure threshold. The sale comes as the company operates without a board since November 2025 and faces oppression litigation.
Route Mobile's Colombian unit hit by cyber incident, contained
Masivian S.A.S. systems isolated; parent says no spread. Financial impact not quantified.
Shivam Autotech to mull rights issue as losses mount
The board will meet July 1 to consider a rights issue or other fundraise. The company has negative net worth and recently raised ₹120 cr via debentures.
Suvidhaa Infoserve board meets June 30 to weigh fund-raising
A nano-cap with ₹57 cr market cap and tumbling revenue signals a potential equity infusion. No quantum or method disclosed yet.