Whalesbook
Strategic Investments and Expansions
TVS Holdings Ltd boosted its subsidiary, Home Credit India Finance Pvt Ltd, with a ₹526.79 crore investment. This purchase of over 22.91 crore equity shares at ₹22.99 per share increases TVS Holdings' stake in Home Credit India Finance to 80.39 percent, strengthening its control over the lending business.
JSW Steel announced the transfer of Bhushan Power and Steel Limited's (BPSL) steel business to its subsidiary, JSW Sambalpur Steel Limited, via a slump sale. This move paves the way for a strategic 50:50 joint venture with Japan's JFE Steel Corporation, aiming to optimize steel operations.
PNC Infratech Ltd, through its subsidiary PNC Infra Holdings Ltd, sold its equity stake in PNC Challakere (Karnataka) Highways Private Limited to Vertis Infrastructure Trust. This divestment is part of a larger plan to sell 12 road assets covering approximately 3,800 lane-km, generating capital for future growth.
New Offerings and Regulatory Updates
The National Stock Exchange (NSE) plans to introduce Dated Brent Crude Oil (Platts) futures starting April 13, 2026, pending SEBI approval. This move into global oil benchmarks aims to expand its commodity derivatives segment.
Aarti Pharmalabs Ltd received a 'Form 483' citing one procedural observation after a US FDA inspection of its Unit-IV facility in Maharashtra. The company confirmed it will submit corrective actions to the US FDA within the required timeframe.
Order Wins and Business Development
Siemens Energy India Ltd secured a ₹1,057.09 crore order from Telangana Power Generation Corporation Ltd for a 750 MWh (187.5 MW) battery energy storage system (BESS) project. Additionally, another significant EPC order worth ₹413.37 crore for a BESS project at NTPC Ltd's Mouda Super Thermal Power Station was awarded to Siemens Energy India.
Thermax Ltd's subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES), won a substantial ₹1,600 crore order to supply boiler packages for a 1x800 MW ultra-supercritical thermal power plant in Central India.
RailTel Corporation of India Ltd received a Letter of Intent (LoI) valued at ₹444.44 crore from the Centre for E-Governance.
Gujarat Inject Kerala Ltd received a purchase order for solar PV modules worth ₹3.11 crore.
PC Jeweller will partner with the National Skill Development Corporation to train and onboard up to 200,000 micro-entrepreneurs in the gems and jewellery sector over five years.
Corporate Restructuring and Real Estate
CMS Info Systems announced the acquisition of Financial Software and Systems' (FSS) managed services business for ₹115 crore, strengthening its position in ATM management. The deal is expected to conclude in Q1 FY27.
Biocon announced leadership changes: Kiran Mazumdar Shaw will move to Executive Chairperson, and Siddharth Mittal has been appointed Managing Director & CEO, effective mid-2026.
Ram Ratna Wires approved an ₹86 crore capital expenditure to expand its Silvassa manufacturing capacity by 3,600 MT annually, with completion targeted for March 2027.
Mukand Ltd completed the sale of land parcels totaling approximately 16.62 acres in Thane, Maharashtra, for ₹555.35 crore.
Oberoi Realty signed a development agreement for a major redevelopment project on Peddar Road in Mumbai, focusing on two adjacent housing societies.
Indian Hotels Company Ltd (IHCL) announced the signing of a new 20-key Taj Safaris lodge in Satpura, Madhya Pradesh, marking growth in its eco-tourism segment.
GFCL EV, a subsidiary of Gujarat Fluorochemicals Ltd, raised about $80 million from a global investor, adding to its earlier $50 million raise from IFC. The funds will support high-value manufacturing and electrification initiatives.