According to market buzz, promoters of Clean Science and Technology, Ashok Boob and Krishna Boob, are likely to sell up to 24% stake in the company through block deals. The share sale is expected to raise about Rs 2,626 crore, with a floor price set at Rs 1,030 per share. The floor price represents a 13% discount to the current market price.

Bharti Hexacom, in a disclosure to the exchanges, said it has received approval from the majority shareholders to sell mobile towers to its sister concern for Rs 1,134 crore. The Bharti Airtel group announced that its resolution, “to approve material related party transactions with Indus Towers Limited, a related party,” was approved with 88.28 per cent of the votes at the annual general meeting.

UltraTech Cement, a company within the Aditya Birla Group, plans to divest 6.49 per cent of its stake in India Cements through an offer-for-sale to meet the minimum public float requirement of 25 per cent. Currently, Ultratech owns 81.49 per cent in India Cements. The company will sell 2.01 crore equity shares at Rs 368 per equity share and raise about Rs 740 crore. India Cements shares closed on Wednesday closed at Rs. 370 on the BSE.

Godrej Properties Ltd has announced that it has participated in an e-auction conducted by the Telangana Housing Board (TGHB) for Residential Group Housing, where GPL has emerged as the highest bidder for 7.825 acre land parcel in Kukatpally (KPHB), Hyderabad, with a total combined bid value of Rs 547.75 crore, according to the bid status intimation email issued by e-auction facilitator MSTC Limited. TGHB shall issue the allotment letter after following the due process.

RailTel Corporation of India Ltd has received a work order from the Higher Education Department, Government of Odisha, for a Work Order amounting to Rs 15,42,08,471 (including tax). In a separate disclosure, the company stated that it has received a work order from the Kerala State Information Technology Mission for the Projects O&M of SDC, amounting to Rs 34,99,85,628 (Excluding Tax). The contract is for a Data Centre Operator to operate and maintain the State Data Centres for a period of five years.

Popular Vehicles & Services Ltd, one of India’s leading fully integrated automotive dealership players, has announced that its 100% step-down subsidiary, Prabal Motors Pvt. Ltd., has successfully executed a Business Transfer Agreement (BTA) to acquire the BharatBenz dealership operations from Globe CV Private Limited in the state of Punjab. With this strategic expansion, PVSL extends its geographic presence in the CV portfolio of Northern India, building on its strong presence in Maharashtra and Tamil Nadu, and reinforcing its long-standing partnership with the BharatBenz brand.

Jupiter Wagons Limited’s material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent (LOI) for the supply of a total of 5,376 wheelsets for the Vande Bharat Train for an order value of approximately Rs. 215 crores.

RRP Defence Ltd, formerly known as Euro Asia Exports Ltd, has executed a Term Sheet with the RRP Drones Innovation Private Limited and RRP S4E & Innovation Limited to acquire the majority stake in the said companies. After the completion of the aforesaid acquisition, RRP will hold the majority stake of the equity shares of RRP Drones Innovation Private Limited and RRP S4E & Innovation Limited.

Exide Industries has invested Rs 100 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. The investment was made through a subscription of 2.5 crore equity shares of Rs 10 each at a premium of Rs 30 per share. With this infusion, Exide’s total investment in EESL now stands at Rs 3,802.23 crore. 

Utkarsh Small Finance Bank Limited (Utkarsh SFB) has announced a strategic partnership with Hitachi Payment Services, a leading provider of end-to-end payments and commerce solutions, to upgrade its payment processing and debit card management. Through this partnership, Hitachi Payment Services will streamline the entire debit card lifecycle management for over 2.1 million+ cardholders of the bank.

Arvind Fashions Limited (AFL), India’s leading fashion, casual wear, and denim company, has announced the appointment of Saikot Das as its new Chief Brand & Strategy Officer, effective August 19.. Das will spearhead AFL’s brand strategy, elevate consumer experiences, and drive growth initiatives across the company’s diverse portfolio of fashion and lifestyle brands, as AFL gears up for its next phase of accelerated growth.

Piramal Healthcare Inc. a material step-down wholly owned subsidiary of Piramal Pharma, has completed the subscription of 1,903 optionally convertible redeemable preference shares of face value $100,000 each in PPL Pharma Inc. The total investment amounts to $190.3 million (approximately Rs 1,626.49 crore). PPL Pharma Inc. is a step-down wholly owned subsidiary of the company.

RACL Geartech Ltd (Raunaq Automotive Components) has been awarded a prestigious long-term supply order for Transmission Gears for Premium Motorcycles from a globally renowned Indian manufacturer. The awarded business marks a significant milestone for the company, as it steps into the Domestic Mass market of the Motorcycle Industry, while maintaining our core business strategy of the premium segment.

Ajanta Pharma informed the exchanges that the Income Tax Department searched under the Income Tax Act, 1961, at some of its offices and manufacturing units on August 19, 2025. The company said the search is ongoing. In a regulatory filing, Ajanta Pharma stated that it is fully cooperating with officials and providing the clarifications and details sought by them, and will continue to share any further information as required.

Vipul Organics Ltd, on of the leading Specialty Chemicals companies in the pigments and dyes segment, has announced the successful fulfilment of the first part of its first commercial order for the newly developed organic intermediate to be used in the Automobile Industry. The first export shipment has already been dispatched, worth almost Rs 10 mn. The exports will continue regularly throughout the current financial year.

Published on August 21, 2025