1 / 9Angel One | Brokerage house on Thursday decided to raise about ₹2,000 crore in one or more tranches through preferential issues, QIP or other modes. The purpose of this fundraise is to augment and build financial flexibility to grow the business and harness various emerging opportunities both within the existing broking business and across the fintech space.
2 / 9Bajaj Auto | Two-wheeler and three-wheeler manufacturing company on Thursday said it has invested an additional ₹45.75 crore in the electric bike-sharing platform Yulu Bikes. After the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8% of the paid-up equity share capital of the electric bike-sharing platform.
3 / 9IRB Infrastructure Developers | The company on Thursday said its board of directors has approved a fundraise of up to $550 million through foreign currency bonds. It added the bonds will be issued via public or private placement, on a preferential allotment basis, in one or more tranches/series to eligible investors.
4 / 9Jupiter Life Line Hospitals | Multi-speciality hospital chain on Thursday said it has acquired land in Bibvewadi, Pune, with a leased area of 11,500 square meters. The company has signed a lease agreement for a period of 10 years, with an annual lease rental of ₹9.27 crore. There is also an option to purchase the land after three years.
5 / 9Concord Biotech | Rare Enterprises-backed company on Thursday announced the completion of an inspection by the Ministry of Health Pharmacy and Poisons Board of the Republic of Kenya at its unit II formulation facility located in Valthera-Dholka, Ahmedabad. Following the inspection, Concord Biotech has received the coveted good manufacturing practices (GMP) certification.
6 / 9Bharat Forge | Auto components major on Thursday announced a strategic infusion of €15 million (approximately ₹133.58 crore) into Bharat Forge Global Holding GmbH (BFGH). This investment, to be made by BFGH into Bharat Forge Holding GmbH (BFH), is earmarked for subsequent funding of Bharat Forge Aluminiumtechnik GmbH (BFAT), a significant step-down subsidiary in Germany.
7 / 9Ramkrishna Forgings | Leading forgoing company on Thursday said it secured board approval to set up a manufacturing facility in Mexico. The facility is backed by a 10-year, $3.5 million per annum "Take or Pay" agreement for machining components with a North American customer. The company is not required to make any investments in plant and machinery for manufacturing the products under the agreement.
8 / 9Sona BLW Precision | Mobility tech firm on Thursday said it received certification under auto production linked incentive (PLI) scheme for its product "Hub Wheel Drive Motor" for electric two-wheelers. The company has filed seven applications for different products under the PLI scheme, and it has received the certification for its first product.
9 / 9Dilip Buildcon | Infrastructure company on Thursday said its wholly-owned subsidiary has executed the concession agreement with the Public Works Department of the Goa government for the construction of viewing galleries and observatory towers for the new Zuari bridge. The project cost is worth ₹270 crore with a 60-month completion period.
