🇮🇳 India Daybook: Shriram Pistons' €159M Acquisition, Honasa Consumer Expands Portfolio
Published: 2025-12-15 07:15 IST | Category: Markets | Author: Abhi
The Indian market opens today, December 15, 2025, with several key corporate announcements and regulatory changes poised to influence trading. Acquisitions, significant order wins, and crucial policy implementations are among the top headlines.
📍 ACQUISITION
- Shriram Pistons & Rings Limited (SPRL) has entered into a definitive agreement to acquire 100% shareholding in Grupo Antolin's Indian operations for €159 million (approximately ₹16,700 crores). This acquisition encompasses three entities: Antolin Lighting India, Grupo Antolin India, and Grupo Antolin Chakankar, which together operate five manufacturing facilities. The deal aims to diversify Shriram's portfolio into powertrain-agnostic products, with the acquired companies being leading suppliers of automotive interior solutions.
- Honasa Consumer, the parent company of Mamaearth, is acquiring a 95% stake in BTM Ventures, the company behind the men's grooming brand Reginald Men, for an enterprise value of ₹1.9 billion. This move is expected to strengthen Honasa's presence in the premium men's personal care segment.
- Mizuho Financial Group is reportedly finalizing terms to acquire KKR-backed Avendus Capital at a valuation of ₹5,900 crore. The board of Avendus is scheduled to meet this week to formally approve the sale.
📍 ORDER WIN
- Bharat Electronics (BEL) has secured additional orders worth ₹776 crore since mid-November. These contracts cover a range of defense and communication systems, including counter-drone solutions, radios, avionics, and security software.
- NLC India has received a Letter of Acceptance for a 110MW (AC) Grid Connected Solar PV Power Project located in Uttar Pradesh.
- Shakti Pumps India has been awarded an order worth ₹0.23 billion from the state of Jharkhand for the supply of 1,200 solar water pumping systems.
- Indo Tech Transformers bagged a ₹91.26 crore order from Four EF Constructions to manufacture and supply 11 power transformers for NTPC-linked projects. The delivery is scheduled between August and October 2026.
📍 FUNDRAISING
- JSW Energy's board has approved a plan to raise up to ₹10,000 crore through various methods, including qualified institutional placement (QIP) and private placements. The board also approved a preferential allotment of equity shares to a promoter group entity.
- Raconteur Global Resources Limited announced board approval for a substantial preferential issue amounting to ₹430.50 crore to non-promoter investors, involving 2.22 crore warrants and 84.99 lakh equity shares priced at ₹14 per share.
- KPI Green Energy is expected to discuss its fundraising plans.
📍 REGULATORY & POLICY
- Key sections (2, 6, 7, 8, 9, and 14) of the Banking Laws (Amendment) Act, 2025, are set to come into effect from December 15, 2025. These amendments aim to overhaul India's banking reporting framework by shifting various compliance requirements to uniform calendar-based timelines.
- India's Union Cabinet has approved a new law permitting 100% foreign direct investment (FDI) in insurance companies, signaling a major reform in India's FDI regulations.
- The Union Cabinet has also approved the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025. This bill, slated for tabling in the winter session of Parliament, marks a significant policy shift to accelerate civil nuclear energy production and attract private and foreign investment into the sector.
- Bank of Baroda received RBI approval on December 9, 2025, to establish the Digital Payments Intelligence Platform (IDPIC) as a Section 8 Company, with the completion indicated for December 15, 2025.
📍 CORPORATE ACTION (Record Dates for December 15, 2025)
- Moneyboxx Finance Ltd. will have its shares trade ex-date today for a 1:1 bonus issue.
- Tilak Ventures Ltd. has set December 15, 2025, as the record date for its right issue of equity shares.
📍 OTHER COMPANY NEWS
- SAIL (Steel Authority of India) reported a 14% increase in steel sales, reaching 12.7 million tonnes, during the April-November period of the current financial year.
- Vedanta emerged as the successful bidder for the Genjana nickel, chromium, and PGE block in the Critical Mineral Auctions - Tranche III, strengthening its critical minerals portfolio.
- Wipro has expanded its partnership with Google Cloud, integrating Gemini Enterprise, an artificial intelligence tool, into its internal operations.
- NLC India Renewables Limited and PTC India Limited officially signed a Joint Venture Agreement to develop renewable energy projects with a capacity target of up to 2000 MW.
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