Nippon Life India Asset Management has formed a strategic partnership with DWS Group, the European asset management arm of Deutsche Bank, through a memorandum of understanding (MoU) for collaboration in the domestic market across various asset classes, including alternatives, passive, and active investments. As outlined in the MoU, DWS intends to acquire a 40 percent stake in Nippon Life India AIF Management, which has successfully raised commitments of approximately $1 billion over its 10-year track record.
In market developments, promoters of Sagility are contemplating a sale of up to 16.4 percent of their stake in the company via block deals. The initial offering is set at 10%, with the option to sell an additional 6.4% under a green shoe option. Reports indicate that the floor price for this transaction has been fixed at Rs 46.4 per share, representing a significant discount to the current market price.
Godrej Consumer Products Ltd. (GCPL) has finalized the acquisition of Muuchstac in a deal valued at Rs 450 crores, with the original founders, Vishal and Ronak, set to continue managing the business under GCPL’s support. Sudhir Sitapati, GCPL’s Managing Director and CEO, expressed on LinkedIn that the founders would oversee operations while GCPL enhances its investment in high-margin categories, targeting more new-age direct-to-consumer businesses like Muuchstac.
Divgi TorqTransfer Systems Limited has received confirmed orders for its transfer case products from Toyota Tsusho India Pvt Ltd, part of the Toyota Tsusho Group. This multi-year contract, worth approximately Rs 62 crores in lifecycle revenue, focuses on supplying a customized transfer case design for a commercial pick-up truck, with execution expected to commence in H1FY28 pending product validation.
SpiceJet has appointed Chandan Sand as Executive Director on its board, marking the second significant appointment within the month as the airline seeks to bolster its management team. Earlier, Sanjay Kumar, the former Chief Strategy and Revenue Officer of IndiGo, was also appointed to the board.
The National Investment and Infrastructure Fund (NIIF) has divested about 3 percent of its stake in Ather Energy for Rs 541 crore through open market transactions. The sale included over 87.02 lakh equity shares executed in two tranches at an average price of Rs 622.35, reducing NIIF’s ownership in Ather Energy from 4.67 percent to 2.39 percent.
NBCC (India) has secured a Rs 340.17-crore contract for the Phase I construction works of the Central University of Kashmir located at Tulmulla, Ganderbal. This project highlights NBCC’s capacity to manage large-scale institutional infrastructure.
Zydus Lifesciences has announced receiving final approval from the US Food and Drug Administration (USFDA) for a generic version of Diroximel Fumarate delayed-release capsules (231 mg), indicated for treating relapsing forms of multiple sclerosis in adults. The product will be produced at Zydus’s Special Economic Zone facility in Ahmedabad, enhancing the company’s total USFDA approvals to 426 out of 487 ANDA filings since FY2003-04.
Lastly, the Ministry of Defence has placed an order for ₹2,095.70 crores worth of INVAR anti-tank missiles from Bharat Dynamics Limited (BDL). The INVAR missile system is designed for precision targeting with a high success rate and aims to augment the firepower of T-90 tanks, vital to the Indian Army’s armored divisions.
Published on November 14, 2025.
