1 / 8Hero MotoCorp | Two-wheeler maker said it will buy an additional stake in electric two-wheeler-maker Ather Energy for up to ₹140 crore. The transaction is poised to raise Hero MotoCorp's stake in Ather Energy from the current 36.6% to 39.7%. Also, the company appointed Vivek Anand as the Chief Financial Officer and Rachna Kumar as the Chief Human Resources Officer.
2 / 8Satin Creditcare Network | Microfinance lender launched its Qualified Institutional Placement (QIP) with a floor price at ₹242.81 per share. SCNL is a leading microfinance institution in the country with a presence in 24 state and union territories and 95,000 villages.
3 / 8PVR Inox | In a strategic move, Plenty Private Group and Multiples Private Group are likely to divest a combined 2.33% stake in India's largest multiplex operator. The offer size is estimated at ₹404.5 crore. The offer is expected to be priced at ₹1,750-1,769.5 per share, presenting a potential discount of up to 1.12% on the closing price.
4 / 8PB Fintech | Financial services platform said income tax officials have paid a visit to Paisabazaar Marketing and Consulting Private Ltd on December 13 and 14, 2023. The officials sought information regarding certain vendors associated with Paisabazaar, PB Fintech said in a regulatory filing.
5 / 8Panacea Biotec | Biotechnology firm said it has unveiled EasyFourPol, the world's first fully liquid wP-IPV pentavalent vaccine. This innovative vaccine offers protection against five life-threatening diseases — diphtheria, tetanus, pertussis, polio, and invasive infections caused by haemophilus influenza type B.
6 / 8Sterling and Wilson | Renewables solution provider said Sterling and Wilson International FZE, Dubai received a settlement amount of $30.54 million (approximately ₹254.20 crore) (inclusive of a reasonable share of legal fees) from Jinko Solar Co Ltd, it said in a regulatory filing.
7 / 8Texmaco Rail and Engineering | The Adventz group engineering major said the company has received a work order worth ₹1,374.41 crore from the union Ministry of Railways. "We write to inform you that the Ministry of Railways (Railway Board) vide its Letter of Acceptance has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons valuing ₹1374.41 crore approx," it said.
8 / 8Genus Power Infrastructures | The company on Thursday said its wholly owned subsidiary has received a Letter of Award worth ₹1,026.31 crore for the appointment of Advanced Metering Infrastructure Service Providers including design of Advance Metering Infrastructure system with supply, installation, and commissioning with FMS of about a million Smart Prepaid Meters, system meters on DBFOOT basis.
