According to market buzz, Bain Capital’s arm BC Asia Investments X Ltd is likely to sell around 1.5 crore shares, or a 3.7% stake, in 360 One WAM Ltd through a block deal. The deal size is expected to be ₹1,740 crore, with a floor price of ₹1,160 per share, which is nearly a 5% discount to the stock’s closing price of ₹1,221.20 on Monday

The country’s leading branded jewellery maker Titan will acquire a majority 67 per cent stake in UAE-based Damas Jewellery in an all-cash deal, a move which helps the Tata group-managed firm to expand business in GCC countries. Titan’s wholly-owned subsidiary Titan Holdings International FZCO on Monday signed a definitive agreement with Mannai Corporation for the purchase of its 67 per cent shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries. “The consideration for the proposed transaction is arrived on the basis of the enterprise value of AED 1,038 million (nearly Rs 2,438.56 crore),” said a joint statement.

Amid reports of shortages of urea, a unit of the ACME Group has sought the approval of the Indian Council of Agricultural Research (ICAR) for a collaborative pilot programme to validate the use of “anhydrous and aqueous ammonia, backed with green ammonia,” as an efficient, environment-friendly alternative fertilizer to conventional urea. Even as the product waits validation by ICAR for its commercial use in India, ACME is said to have signed an agreement with a group company of Yara International to export green ammonia to Europe from its Oman-based plant, sources said. ICAR’s Director General ML Jat confirmed the proposal of ACME. “It is under process,” he said.

Indian Renewable Energy Development Agency (IREDA) has moved NCLT to recover Rs. 729 crore from Gensol Engineering and Gensol EV Lease. An interim resolution professional has already been appointed and minutes of the first meeting of the committee of creditors is expected this week. Pradip Kumar Das, Chairman and Managing Director, IREDA, told businessline that the company has already recovered Rs. 102 crore by encashing the bank guarantee and fixed deposit provided by Gensol. State-owned IREDA also plans to raise Rs 2,500-3,000 crore through qualified institutional placement route this fiscal.

Indian Hotels Company Ltd (IHCL) has expanded its partnership with Kolkata-based Ambuja Neotia group with the signing of 15 hotels and resorts. These will come up in West Bengal, Sikkim and HimachalPradesh over the next five years and are part of IHCL’s strategy to grow its footprint in East and North-East India. The development includes a mix of brownfield conversions and greenfield properties. While the properties are yet to be designed, these could result in an investment of around Rs. 2,000-2,500 crore, said Harshavardhan Neotia, Chairman, Ambuja Neotia group.

Soda Ash manufacturer GHCL said it has received a lease-renewal approval from the industries and mines department of the Gujarat government for Khadsaliya lignite mines that supply lignite for the company’s captive power plant in Gujarat. The lease has been renewed for 20 years till December 2043.

State Bank of India (SBI) has raised Rs. 25,000 crore via qualified institutions placement (QIP) of equity shares at an issue price of Rs. 817 per equity shares. Life Insurance Corporation of India (LIC) invested Rs. 5,000 crore in the QIP issue. The QIP issue of about 30.60 crore equity shares opened on 16th July and closed on 21st July. The Committee of Directors of India’s largest bank, on Monday approved and finalised the confirmation of allocation note to be sent to the eligible QIBs (qualified institutional buyers). SBI’s shares on Monday closed at Rs. 824.20 apiece, up 0.11 per cent over the previous day’s close on BSE.

Realty firm Brigade Enterprises Ltd has bought 20 acres of land in Bengaluru for Rs 588 crore to develop a housing-cum-commercial project as part of its expansion plan. In a regulatory filing on Monday, the company said it has “acquired a prime 20.19-acre land parcel in the fast-emerging Whitefield-Hoskote corridor of Bengaluru”. The company bought this land outright for Rs 588.33 crore.

Bajaj Finance in a disclosure to the stock exchanges said its Managing Director, Anup Kumar Saha, has resigned due to personal reasons, four months after he was appointed. The NBFC has appointed Rajeev Jain to the role till March 31, 2028. Jain will also continue to serve as vice chairman of the company. Jain had served as the company’s MD before Saha.

Afcons Infrastructure has emerged as lowest bidder for a massive Rs 6,800 crore construction order in Croatia on Monday. The Shapoorji Pallonji group company said the order is for construction and rehabilitation of railway lines. In an exchange filing, the company said that the order pertains to reconstruction of existing railway line and construction of a new second railway track along with overhead electrification, signalling, and telecommunication works. The company said the completion timeline for the project is 72 months.

Quality Power Electrical Equipments Ltd has secured a significant export order exceeding Rs 10 crore from a leading European customer for the supply of dry-type Shunt Reactors for a hyperscale data centre project in Finland. This order marks a key milestone in Quality Power’s expanding role in supporting power infrastructure for mission-critical digital facilities. 

Steel Exchange India has been successfully awarded the conversion contract in recent Bid from a public sector company i.e Rashtriya Ispat Nigam (RINL) to convert 1.20 lakh tons PA Billets into various sizes of TMT Bars of VIZAG STEEL Brand. This conversion work will be carried out from the company’s existing new rolling mill, which will ensure better capacity utilisation and increased revenues. The contract is for 2 years and can be extended mutually for another 1 year. Broad commercial consideration or size of the order(s)/contract(s) is up to Rs 210 crore (Up to Rs 70 crore PA for 3 years).

Lodha Developers has raised Rs 350 crore through non-convertible debentures (NCDs) of Rs 1,00,000 each on private placement basis. The Executive Committee of the Board of Directors of the company has on July 21, 2025, approved allotment of the same. 

NHC Foods has entered into a Memorandum of Understanding (MoU) with LOTMOR brands, containing the principal terms and conditions for manufacturing of various beverage and other similar products of LOTMOR brands. The MoU shall remain in force for a period of 2 years from the date of its execution. Upon execution of this MoU and subsequent manufacturing agreement, the company will become Manufacturer of various beverages and similar products of Lotmor Brands. The company seeks to strategically diversify its existing business portfolio by entering into the beverages and allied products sector, which aligns with emerging market trends and evolving consumer preferences.

Published on July 22, 2025