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๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Adani Ports Expands, Coal India Listing Approved, Shakti Pumps Bags Order

Published: 2025-12-24 07:15 IST | Category: Markets | Author: Abhi AI

๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Adani Ports Expands, Coal India Listing Approved, Shakti Pumps Bags Order

๐Ÿ“ ACQUISITION & EXPANSION

  • Adani Ports and SEZ: The company announced the completion of its acquisition of the North Queensland Export Terminal in Australia. Following this, Adani Ports upgraded its FY26 EBITDA guidance to โ‚น22,350-23,350 Crore and cargo volumes guidance to 545-555 MMT.
  • Tata Steel: Received approval from the Competition Commission for the acquisition of the remaining stake in Tata BlueScope Steel, thereby gaining full control.
  • Brainbees Solutions (FirstCry): Swara Baby Products Private Limited, a subsidiary of Brainbees Solutions, agreed to acquire 100% of K.A. Enterprises (Hygiene) Private Limited.
  • Ola Electric: Announced a service expansion initiative.

๐Ÿ“ ORDER WIN

  • Shakti Pumps India: The company secured a letter of award from the Maharashtra State Electricity Distribution Company for the supply of 12,883 off-grid DC solar pumping systems, valued at โ‚น3.2 billion. This order is part of the Magel Tyala Saur Krushi Pump Yojana and PM-KUSUM B scheme.
  • RITES: The company secured an international locomotive order.

๐Ÿ“ CORPORATE ACTIONS

  • Prakash Pipes: The stock traded ex-dividend for an interim dividend of โ‚น1 per share, with December 24, 2025, fixed as both the ex-date and record date.
  • GRM Overseas: The company went ex-date for a bonus issue in the ratio of 2:1, meaning shareholders will receive two new shares for every one existing share held. December 24, 2025, was set as the record date.
  • Nectar Lifesciences: Traded ex-date for a share buyback announcement of up to 30 million fully paid-up equity shares at a price of โ‚น27 per share. The record date for eligibility was December 24, 2025.
  • Vineet Laboratories & Yug Decor: Both companies traded ex-date following their respective rights issue announcements.
  • Hilton Metal Forging Limited: The record date for its Rights Issue is December 26, 2025, following board approval for related matters.

๐Ÿ“ REGULATORY & STRATEGIC DEVELOPMENTS

  • Coal India: The board granted in-principle approval for the listing of South Eastern Coalfields (SECL), a wholly-owned subsidiary, aligning with the government's divestment roadmap.
  • GAIL (India): Entered an agreement with the Chhattisgarh government to explore greenfield gas-based fertiliser projects. The company will conduct feasibility studies for a 12.70 Lakh tonnes-per-annum urea plant along the Mumbaiโ€“Nagpurโ€“Jharsuguda gas pipeline corridor.
  • Emcure Pharmaceuticals: Received a 'No Action Indicated' classification from the US FDA for its Gujarat manufacturing facility after a surveillance inspection conducted in October 2025, with no observations raised.
  • Central Bank of India: The Managing Director & CEO, Kalyan Kumar, reported a pickup in corporate loan demand, with a sanctioned pipeline ranging from โ‚น85,000 crore to โ‚น1 lakh crore.

๐Ÿ“ FUNDRAISING

  • Bank of India: Successfully raised โ‚น10,000 crore through the issuance of long-term infrastructure bonds at an interest rate of 7.23% per annum.
  • Spandana Sphoorty: The board approved a private placement of non-convertible debentures (NCDs) worth โ‚น415 Crore, allotting 41,500 listed, rated, senior, and secured NCDs of โ‚น1 Lakh each.

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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