Flash Finance

🇮🇳 India Daybook: Ahluwalia Contracts Secures Major Order, Saregama India Expands with Bhansali Productions Stake

Published: 2025-12-17 07:15 IST | Category: Markets | Author: Abhi AI

🇮🇳 India Daybook: Ahluwalia Contracts Secures Major Order, Saregama India Expands with Bhansali Productions Stake

📍 ORDER WIN

  • Ahluwalia Contracts: The company has received a new construction order valued at ₹888.38 Crore from Bihar State Tourism Development Corporation Limited. This order pertains to the construction and overall development work of Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham.

  • NBCC: The company secured work orders worth ₹345.04 Crore (excluding GST). This includes a project management consultancy assignment from the Indian Institute of Technology, Mandi, worth ₹333 Crore, and an additional order for annual maintenance work from Kandla SEZ valued at ₹12 Crore.

  • BEML: The company received an order from the Ministry of Defence for supplying engines, with an estimated value of ₹110 Crore.

📍 ACQUISITION & STRATEGIC INVESTMENT

  • Saregama India: The company is set to acquire a 51% stake in Bhansali Productions in tranches by 2030. As part of the agreement, Bhansali Productions will exclusively sell all future films' music to Saregama.

  • Protean eGov Tech: The board approved the acquisition of a 4.95% stake in NSDL Payments Bank for ₹30.2 Crore.

  • Mizuho Financial Group: The Japanese financial giant is reportedly seeking to acquire a majority stake in Avendus Capital.

  • Mitsubishi UFJ Financial Group (MUFG): MUFG is considering an investment of over 500 billion yen (S$4.2 billion) to purchase approximately 20% of Shriram Finance.

📍 PARTNERSHIPS & EXPANSION

  • Glenmark Pharma: An arm of Glenmark Pharma signed a pact with Hansoh Pharma to develop and commercialize Aumolertinib, an inhibitor indicated for treating non-small cell lung cancer.

  • HCLTech: The company partnered with NSE Academy to launch a series of joint certificate programs in the technology and finance sectors.

  • Kaynes Tech: An arm of Kaynes Tech collaborated with Mitsui & Co and AOI Electronics to enhance semiconductor manufacturing operations in India.

  • Reliance Industries (via Reliance Consumer): Reliance Consumer has re-launched the legacy brand "SIL" in the packaged foods segment, marking its comprehensive entry into the food sector.

  • TCS: Its arm, ListEngage MidCo LLC, established wholly-owned subsidiaries, TCS North America Corp and Trident LE LLC, in the United States.

📍 CORPORATE ACTIONS

  • eClerx Services: December 17, 2025, has been fixed as the record date for the company's ₹300 Crore share buyback, with a price set at ₹4,500 per share.

  • Indian Overseas Bank (IOB): The government will sell up to a 3% stake in IOB through an Offer For Sale (OFS), commencing December 17, with a floor price of ₹34 per share.

  • Can Fin Homes: The company has declared an interim dividend.

  • Krishival Foods Ltd: December 17, 2025, is the record date for its rights issue of equity shares.

  • Sylph Technologies Ltd: The company has set December 17, 2025, as the record date for its 5:11 bonus issue.

📍 IPO LISTING

  • Park Medi World IPO: The IPO shares of Park Medi World are scheduled to list on the BSE and NSE today, December 17, 2025.

📍 INFRASTRUCTURE & ENERGY

  • Waaree Renewable Tech: The company signed a long-term power purchase pact for a 300 MW inter-state transmission system solar power project.

  • Acme Solar: An arm of Acme Solar commissioned an additional 8MW capacity out of its 100 MW project.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News

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