Investment and Expansion Highlights in Indian Industry
The Abu Dhabi Investment Office (ADIO) is backing Samvardhana Motherson International Ltd’s manufacturing hub in Abu Dhabi, further solidifying the emirate’s position as a global center for advanced manufacturing and automotive supply chains. This partnership underscores ADIO’s commitment to fostering advanced manufacturing and high-value supply chains in key industrial sectors, enhancing Abu Dhabi’s competitiveness in manufacturing and exports.
Clean Max–Apple India Investment Restructuring
Clean Max Enviro Energy Solutions Limited has amended its investment agreement with Apple India Pvt Ltd and Clean Max Taurus Pvt Ltd. The restructuring modifies the sequence of investments as per the initial agreement dated March 19. The investment will first target Taurus, which will subsequently acquire equity shares in three subsidiary Special Purpose Vehicles (SPVs): Clean Max Ganga, Clean Max Kruger, and Clean Max Sapphire. Upon completion, the company will hold approximately 51% ownership in Taurus, while Apple India will retain 49%, at a share price of Rs 4,377. The share transfers under the revised agreements are expected to be finalized by May 12.
Brigade Enterprises Announces Bonus Issue
The board of directors at Brigade Enterprises Ltd has recommended a bonus issue of equity shares in a ratio of 1:3, pending approval from shareholders. The specific record date for eligible shareholders will be announced in due course.
Gandhar Oil Expands Land Bank in Silvassa
Gandhar Oil Refinery (India) Ltd has completed the acquisition of a land parcel totaling 1 hectare and 83.53 ares (approximately 18,353 square meters) in Naroli, Patelad, Silvassa, located adjacent to its existing factory.
Thyrocare Enters Genomics Space with New Lab
Thyrocare Technologies Ltd has launched a new state-of-the-art genomics laboratory in Navi Mumbai. This initiative broadens Thyrocare’s portfolio to include a new range of specialty genomics tests, supported by advanced next-generation sequencing technologies and robust bioinformatics capabilities. The facility is designed for high-throughput genomic analysis, ensuring accurate and scalable testing, while a newly appointed specialized team will facilitate seamless delivery.
Shringar House Expands Manufacturing Capacity
Shringar House of Mangalsutra Ltd has inaugurated a new manufacturing facility in Kandivali, Mumbai, enhancing its production capacity. This facility is equipped with advanced machinery and upgraded systems aimed at improving precision manufacturing and turnaround times.
Motilal Oswal Enters Pension Fund Management
Motilal Oswal Asset Management Company Ltd has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a pension fund sponsor under the National Pension System (NPS). With this approval, the company will establish a separate entity to manage pension fund investments, ensuring compliance with the PFRDA Act of 2013 and relevant regulations.
Wadhwa Group Partners Arisinfra for Panvel Monetization
The Wadhwa Group has formed a strategic alliance with ArisUnitern RE Solutions Private Limited (Unitern), a subsidiary of Arisinfra Solutions Ltd, aimed at monetizing approximately ₹650 crore of inventory at Wadhwa Wise City (WWC) in Panvel, Maharashtra. The partnership includes plans for the release of an additional ₹400–450 crore.
Hero MotoCorp Expands Premium Retail Presence in Tamil Nadu
Hero MotoCorp is expanding its premium retail presence in Southern India with the opening of two new Hero PREMIA stores in Dindigul and Tiruppur, Tamil Nadu. This expansion brings the total number of Premia outlets in the state to 11, highlighting the brand’s focused strategy in the premium automotive market. The new stores feature 3S facilities and are located in key areas: Cooperative Nagar, Dindigul, managed by Palaniappas Motors, and Palladam Road, Tiruppur, operated by Velavan Motors.
Zaggle Signs Three-Year Deal with Supreme Industries
Zaggle Prepaid Ocean Services has entered into a three-year agreement with Supreme Industries Ltd to utilize its Zaggle Propel platform for channel rewards and recognition. This contract, which pertains to domestic operations, was disclosed in an exchange filing.
Published on May 7, 2026
