JSW Steel

Jsquare Electrical Steel Nashik, a wholly owned subsidiary of JSW JFE Electrical Steel—a 50:50 joint venture between JSW Steel and JFE Steel Corporation—has entered into a share purchase agreement to acquire 100% stake in thyssenkrupp Electrical Steel India for Rs 4,051.4 crore.

JM Financial

The Reserve Bank of India has lifted the restrictions imposed on JM Financial Products, a material subsidiary of the company, with immediate effect. The RBI had restricted the company from financing against shares and debentures in March this year. Now, the company is allowed to provide financing against shares and debentures.

Alembic Pharmaceuticals

The pharma company has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Diltiazem Hydrochloride extended-release capsules USP in 120 mg, 180 mg, and 240 mg. These capsules are used for the treatment of hypertension.

Godrej Properties

The company has acquired 3 acres of land in Ahmedabad, which has a development potential of 0.9 million square feet of saleable area. This area comprises premium residential apartments with an estimated booking value of Rs 1,300 crore.

Dodla Dairy

The dairy company has completed the acquisition of a 35.23-acre land parcel in Dharashiv, Maharashtra, for setting up a plant

Wipro

The company has incorporated its step-down subsidiary, Wipro Life Science Solutions, LLC, in the US, effective October 10, to explore new business opportunities in the life sciences segment.

Garden Reach Shipbuilders & Engineers

The company has received letters of intent for a contract worth Rs 491 crore from the Ministry of Defence. The contract involves the design, development, construction, integration of equipment, testing, certification, commissioning, and supply of one Acoustic Research Ship (ARS).

Canara Bank

The Bank of Tanzania has approved the sale of assets and liabilities of Canara Bank Tanzania to Exim Bank Tanzania, leading to the eventual winding up of Canara Bank Tanzania.

KPIT Technologies

The Board will consider fundraising via the issuance of equity shares or any other instruments on October 23. Additionally, the company's wholly owned step-down subsidiary, PathPartner Technology GmbH in Germany, has been voluntarily liquidated effective October 2.

Star Cement

Vinit Kumar Tiwari has resigned as the Chief Executive Officer of the cement company, effective October 18, due to personal reasons.

MOIL

The company has signed a draft joint venture agreement with Madhya Pradesh State Mining Corporation (MPSMCL) for carrying out exploration and mining activities, including value addition projects in Madhya Pradesh. This agreement is subject to the approval of the respective Boards and the Government.

CG Power and Industrial Solutions

The Board will meet on October 21 to consider fundraising via the issuance of equity shares, debentures, warrants, preference shares, or any other equity-linked securities.

PG Electroplast

The Board has approved the issuance of equity shares or other convertible securities worth up to Rs 1,500 crore via Qualified Institutions Placement.

Bank of Maharashtra

The lender has increased its marginal cost of funds-based lending rate for tenure of more than six months by 5 basis points from 9% to 9.05%, effective October 19.

PTC Industries

The company has executed a Share Purchase Agreement with Rcapital, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young for the acquisition of 100% shareholding in Trac Precision Solutions. Trac specializes in designing and manufacturing precision-engineered components for the aviation, defence, and power generation markets, with a presence in the United Kingdom.

HMA Agro Industries

The company has signed a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor (Selangor Agricultural Development Corporation), a government entity from the state of Selangor, Malaysia, for joint collaboration for the supply of frozen boneless buffalo meat and exploring other initiatives.

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