1 / 12Godrej Properties | Mumbai-based real estate developer is seeking to launch a Qualified Institutional Placement (QIP) to sell up to 5.5% of its equity, or approximately 1.54 crore shares, at an indicative price of ₹2,595 per share, sources told CNBC-TV18. The company aims to raise up to ₹4,000 crore through this issuance. The₹2,595 per share represents a discount of 5% discount to the floor price of ₹2,727.44 apiece set by the company in its previous fund-raising exercise, according to the sources.
2 / 12Bank of India | State-owned bank announced the successful issuance of long-term infrastructure bonds worth ₹5,000 crore on a private placement basis. The issue saw an overwhelming response, with bids totaling ₹13,700 crore, leading to an oversubscription of 6.85 times the base issue size of ₹2,000 crore. The bank has decided to accept bids worth ₹5,000 crore at a coupon rate of 7.41% per annum. A total of 5 lakh bonds, each with a face value of ₹1 lakh, will be issued.
3 / 12NBCC | State-owned construction firm said it has entered into a memorandum of understanding (MoU) with Housing & Urban Development Corporation Ltd (HUDCO) for the development of a 10-acre institutional plot in Noida Sector 62. NBCC will act as the project management consultant. The project has an estimated cost of ₹600 crore.
4 / 12Waaree Renewable | Solar energy solutions provider said it has received a “term sheet” for the execution of engineering, procurement, and construction (EPC) of a ground mount solar PV project with a capacity of 2012.47 MWp DC. The total estimated value of the order is approximately ₹12,33.5 crore (excluding taxes). This order involves the development and implementation of a large-scale renewable energy project. The timeline for project completion will be mutually decided between the parties involved.
5 / 12Ashoka Buildcon | The company announced contrasting updates today, including the cancellation of a key road project bid and the receipt of a significant new order. In a regulatory filing earlier today, the company confirmed that the National Highways Authority of India (NHAI) had cancelled the bid for the Kharagpur-Chandrakona-Ghatal road project (Package-1) in West Bengal due to administrative reasons, as Ashoka Buildcon was the sole bidder.
6 / 12Sonata Software | Global IT services and technology solutions company said it has secured a multi-million dollar modernisation deal from a global leader in access solutions. “This transformation deal will integrate and standardise the client’s APAC business processes across 13 countries, ensuring seamless operations and real-time engagement with customers, suppliers, distributors, and partners,” Sonata Software said in a regulatory filing.
7 / 12Natco Pharma | Pharmaceutical company said it has completed the sale of approximately 14.38 acres (72,358 square yards) of land in Ranga Reddy district, Telangana, for ₹115.57 crore, including infrastructure costs. The company confirmed that the land and building sold were not part of its operational assets and that the transaction will not impact its business operations.
8 / 12Hero MotoCorp | The company has launched a new initiative, the Hero For Startups (HFS) program, aimed at fostering innovation in the automotive industry. The program seeks to identify and support promising startups with the potential to shape the future of mobility. Selected startups will gain exclusive access to Hero MotoCorp’s state-of-the-art R&D facilities in Germany and India, along with the company’s vast network of dealers, suppliers, and partners.
9 / 12Vedanta | Moody’s Ratings has upgraded Vedanta Resources Ltd’s corporate family rating (CFR) to B2 from B3, indicating improved confidence in the company’s ability to meet its overall debt obligations. The rating for its senior unsecured bonds has also been raised to B3 from Caa1, which was previously considered a higher credit risk category. The outlook remains stable, highlighting Moody’s expectation that VRL will continue to manage its debt maturities effectively and maintain its financial stability.
10 / 12Padam Cotton Yarns | The company announced bonus shares for its shareholders, the penny stock in the textile products sector said in a regulatory filing. The company’s Board of Directors, during their meeting held on November 27, 2024, approved the issuance of 38,73,000 bonus shares with a face value of ₹10 each, in a ratio of 1:1. Under this arrangement, shareholders will receive one equity share of ₹10 for every one existing equity share they hold, subject to approval from shareholders.
11 / 12KEC International | Infrastructure company said it has secured turnkey orders worth ₹1,704 crore in its Transmission & Distribution (T&D) business from Power Grid Corporation of India Ltd (PGCIL). The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations, further bolstering KEC’s leadership in the T&D sector.
12 / 12PCBL | Carbon black maker said the Government of Andhra Pradesh has approved the allocation of 116.62 acres of land to the company at Naidupeta MPSEZ for establishing a rubber black and value-added chemicals manufacturing unit. The land is priced at ₹1,948 per square metre, subject to the de-notification of the Naidupeta SEZ and adherence to specified conditions.
