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Tega Industries

Tega Industries Ltd, in consortium with Funds managed by affiliates of Apollo Global Management, has signed a term sheet to acquire Molycop from American Industrial Partners (AIP) at an enterprise value of about US$ 1.5 billion. This strategic, complementary acquisition will establish Tega Industries as one of the world’s leading designers and manufacturers of critical-to-operate consumables for certain production steps in the mining, mineral processing and material handling industries. In this SPV, where Tega will hold a ~77% equity stake and Apollo Funds will hold a ~23% equity stake.

Molycop reported revenue of US$ 1.54 billion (~Rs 13,520 crore) and US$ 172 million (~Rs 1,512 crore) in EBITDA. The acquisition has been at Enterprise Value (EV) of US$ 1,480 mn (Rs 13,002 crore) and a Deferred Contingent Payment of ~US$ 120 mn (Rs 1,054 crore). It will be funded through a mix of Equity (QIP/Preferential Allotment incl. Promoters) and debt.

Mazagon Dock Shipbuilder

Mazagon Dock Shipbuilders and the Indian Navy are commencing negotiations for the Submarine ProjectP75(I). The Defence Ministry has already selected Mazagon Dockyards Limited to construct six submarines with German support. The bid was opened earlier this year. Larsen and Toubro will also contribute to building two nuclear attack submarines. This project will enhance naval capabilities.

Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories Ltd. has entered into a definitive agreement with Janssen Pharmaceutica NV (JPNV) (naamloze vennootschap), an affiliate of Johnson & Johnson, to acquire the STUGERON brand, including its leading local brands, Stugeron FORTE and Stugeron PLUS as well as its related assets across 18 markets in the AsiaPacific (APAC) and Europe, Middle East, and Africa (EMEA) regions, with India and Vietnam as key markets. The company will pay US$ 50.5 million for the acquisition. Through the acquisition, Dr. Reddy’s would expand into the anti-vertigo therapeutic segment, contributing to the continued development of CNS portfolio.

Indian Metals & Ferro Alloys

IMFA terminates its previous power purchase agreement and share subscription and shareholders agreement with JSW Green Energy One Ltd. And JSW Green Energy Seven Ltd. Due to a change in sourcing location.

Shyam Metalics and Energy Ltd.

Shyam Metalics and Energy Ltd. announced its entry into crash barrier manufacturing aiming for an 8-10% market share in FY 2025- 26. The company plans to invest Rs 50 crore in a new facility in Sambalpur to add 60,000 MTPA facility complementing its existing operations of Giridih.

HAL

Hindustan Aeronautics Limited (HAL), Indian National Space Promotion and Authorisation Centre (IN-SPACe), NewSpace India Limited (NSIL) and Indian Space Research Organisation (ISRO) signed the Small Satellite Launch Vehicle (SSLV) Technology Transfer Agreement

Syrma SGS Technology

Syrma SGS Technology Limited has entered into a Joint Venture Agreement with Shinhyup Electronics Co. Limited, South Korea (Shinhyup Electronics) on July 15, 2025 for manufacturing of multilayer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) for automobile electronic equipment, home electronic appliances, IT and medical services in India.

Tata Elxsi

Tata Elxsi announced the inauguration of the ‘Bayer Development Centre in Radiology’ at Tata Elxsi, Pune, India. The centre is designed to co-develop with Bayer, a leader in key areas of Radiology, advanced radiology devices and technology that enable early and accurate diagnosis and treatment of critical illnesses, supporting Bayer’s global mission to bring innovative, safe, and compliant solutions to patients and clinical staff worldwide.

Rainbow Children Hospital

Company has inaugurated a new ~100 beds spoke hospital, located in Rajahmundry, Andhra Pradesh. Total project cost was at Rs 60 crore. Post this total bed capacity of the Company has increased to ~2,285 beds.

Healthcare Global (HCG)

Aceso Company Pte sold 79.4 lakh shares at an average price of Rs 695 apiece. Morgan Stanley Asia Singapore bought 8.8 lakh shares at Rs 695 apiece. Nippon India Mutual Fund bought 44 lakh shares (3.16%) at Rs 695 apiece. Plutus Wealth Management bought 7.2 lakh shares at Rs 695 apiece. Axis Mutual Fund bought 9.5 lakh shares at Rs 695 apiece.

RVNL

Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder (L1) for a major project awarded by West Central Railway. The contract, valued at Rs 169.49 crore including applicable taxes, covers the design, modification, supply, erection, testing and commissioning of a 220/132kV/2×25 kV Scott-connected traction substation and switching posts with AT, along with SCADA integration between the BINA and RTA sections of the Bhopal division.

Jupiter Wagons

The company’s subsidiary won Rs 113 crore Railway Board order to supply 9,000 FIAT axles for LHB coaches, adding to last month’s Rs 215 crore Vande Bharat wheelset contract.

Keystone Realtors

The company will raise up to Rs 375 crore via private placement of fully paid-up, secured, redeemable non-convertible debentures, as part of its growth and redevelopment push.

Biocon

Biocon Limited announced the inauguration of its first US manufacturing facility in Cranbury, New Jersey, by its wholly owned subsidiary, Biocon Generics Inc (BGI). Biocon had acquired the Oral Solid Dosage (OSD) facility from Eywa Pharma Inc. in 2023 and has since invested over US$ 30 million to establish a plant with an annual production capacity of 2 billion tablets. A few products have already been commercialized from the site, with several more in the pipeline. This investment helps Biocon diversify its manufacturing base, strengthen its supply chain and accelerate the expansion of its global footprint.

Zee Entertainment

IDBI Bank has again filed a plea in the National Company Law Tribunal (NCLT) as a financial creditor to initiate corporate insolvency resolution process against Zee Entertainment Enterprises Ltd (ZEEL) to claim a default worth over Rs 225 crore

ACME Solar Holdings

ACME Group, in a joint venture with Japan’s IHI Corp, will develop one of the country’s largest green ammonia projects in the eastern state of Odisha. The IHI Corp-Acme project aims to produce 0.4 million tonnes of green ammonia annually, having already secured the land and completed the front-end engineering design. IHI will acquire a 30% stake in the joint venture, while ACME will retain the remaining 70%.

Eicher Motors

The company’s arm VECV will pass on full GST cut benefits to customers from Sept 22, reducing GST on diesel, CNG, and LNG vehicles to 18%, while EVs remain at 5%.

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