🇮🇳 India Daybook: Tata Steel's Strategic Investment, IHCL's Global Expansion, and Key Corporate Actions

Published: 2025-12-22 07:15 IST | Category: Markets | Author: Abhi

Tata Steel: The company has injected ₹1,354.94 Crore into its wholly-owned foreign business, T Steel Holdings Pte Ltd, by subscribing to its equity shares. This transaction involved acquiring 149 Crore shares with a face value of $0.1008 each, with the subsidiary retaining its status post-completion.
Tata Chemicals: Its wholly-owned subsidiary, Tata Chemicals International Pte Ltd, has entered into a share purchase agreement to acquire a 100% stake in Singapore-based Novabay Pte Limited. The acquisition is anticipated to conclude by March 2026.
Waaree Energies: An arm of Waaree Energies executed an agreement to purchase 53.7 lakh shares in United Solar Holding for $30 million. The company also incorporated a wholly-owned subsidiary, Hydro Bloom Energy. Waaree Energies clarified that a previously reported 300 MW module supply order from Sembcorp Green was a normal course of business and not a new development.

RITES Limited: The company has signed a Memorandum of Understanding (MoU) with the Botswana government. This MoU focuses on leveraging RITES' technical expertise for the modernization and development of Botswana's railway and transport infrastructure.
Indraprastha Gas: Inked a joint venture agreement with Hindustan Waste Treatment Private Limited. The collaboration aims to develop compressed biogas plants and various biofuel projects.

Knowledge Marine & Engineering Works: The company's shares are scheduled to trade ex-split on December 22, 2025. This 1:2 stock split will reduce the face value from ₹10 to ₹5 per share.
Indian Hotels Company (IHCL): The joint venture between IHCL and Taj GVK Hotels and Resorts is transitioning from a shareholding structure to a long-term management arrangement. As part of this strategy, IHCL will divest its entire 25.52% stake in Taj GVK.
Canara Robeco Asset Management Company (CRAMC): December 22, 2025, has been set as the record date for its interim dividend.
Pulsar International: The record date for its rights issue is December 22, 2025.
Indowind Energy Limited: Received approval from both the National Stock Exchange (NSE) and BSE to list 32.2 million new equity rights shares. Trading for these shares will commence on December 22, 2025, strengthening the company's equity base and supporting future expansion.
DCM Shriram: The company voluntarily liquidated its step-down arm, Bioseed Research, on December 15.

Indian Hotels Company (IHCL): The Taj brand, a subsidiary of India's Tata Group, is entering the Egyptian market for the first time. It will manage and operate Cairo's historic Continental Hotel, transforming it into a five-star property with approximately 300 rooms.
Kross: The company has launched a new product, Tipping jacks, for the Trailer Segment. Kross aims to achieve a production capacity of 800 Tipping Jacks per month by fiscal year 2027.
Cummins India Ltd: The power solutions provider identifies significant growth opportunities in the data center business within India. This boom is attributed to the increasing adoption of AI and data localization efforts, with data centers requiring 99.99% uptime and robust backup power solutions.
InterGlobe Aviation (IndiGo): The airline's international expansion plans are likely to be delayed until early 2026-27, as it prioritizes addressing an ongoing pilot shortage crisis.

Shyam Dhani Industries Limited: The Initial Public Offering (IPO) for Shyam Dhani Industries Limited, which manufactures and processes spices, opens today, December 22, 2025. The company aims to raise ₹38.49 Crore through this offering, with shares to be listed on the NSE Emerge platform.

Indian stock markets are anticipated to open steady to higher on Monday, December 22, influenced by positive trends in global markets.
The Nifty 50 and Sensex concluded Friday's trading session with gains, breaking a four-day losing streak.
The India VIX remains at low levels, indicating subdued market volatility.
A rejig of BSE indices will take effect today, December 22, including the addition of 32 new stocks to the BSE 500 index as part of its semi-annual reconstitution.
India's Parliament has approved a landmark Atomic Energy Bill, which will allow private and foreign companies to participate in the nuclear power sector. This legislative change is expected to attract significant investment from domestic firms like Tata Power, Adani Power, and Reliance Industries.

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