JSW Infrastructure has announced a significant expansion into the railway rake sector by acquiring three JSW-owned rake companies for ₹1,212 crore. Its subsidiary, JSW Port Logistics, has entered into a Share Purchase Agreement (SPA) to acquire a 100% stake in JSW Rail Infra Logistics, JSW Minerals Rail Logistics, and JSW (South) Rail Logistics.
In a separate development, Torrent Power has signed a contract with the Japanese firm JERA to secure a supply of up to 0.27 MMTPA of LNG over 10 years, commencing in 2027. This LNG will be utilized to operate Torrent Power’s 2,730 MW combined cycle gas-based power plants across India, helping the company meet increasing electricity demands and balance renewable energy generation during peak hours.
ICICI Bank has executed a share purchase agreement with Prudential Corporation Holdings Ltd (PCHL) to acquire an additional 2% stake in ICICI Prudential Asset Management Company (ICICI AMC), with the purchase price set at ₹2,140 crore.
Siemens has announced that its Board of Directors has approved the sale of its Low Voltage Motors and Geared Motors businesses, along with related customer service operations, to Innomotics India Private Limited for an enterprise value of ₹2,200 crore. The transaction will occur on a cash-free and debt-free basis, subject to mutually agreed adjustments.
Artificial Electronics Intelligent Materials Ltd (AEIM), a rising leader in advanced semiconductor materials and next-generation manufacturing technologies, has achieved a significant milestone with the successful in-house production of metrology-grade sapphire cubes and spheres for Coordinate Measuring Machine (CMM) probe sensors. These materials, known for their exceptional hardness and thermal stability, are crucial for various precision applications.
RRP Defense Ltd, previously known as Euro Asia Exports Ltd, has entered into a Mutual Non-Disclosure Agreement with Taharbadkar Solutions Private Ltd. The agreement paves the way for collaboration on the development and supply of components related to the DART-Driven Ammunition Reduced Time Flights System, currently in development under the AIDITI 2 program for the Indian Navy.
Precision Electronics Ltd has secured an order from a private entity in the Aerospace & Defense sector for the supply of masts with accessories, valued at approximately ₹1.83 crore. Due to confidentiality clauses, the client’s name remains undisclosed.
VTM Ltd has signed a Memorandum of Understanding with the Government of Tamil Nadu (GoTN) to invest ₹50 crore over two years for producing Cotton Grey Fabric and Home Textile Products in Madurai and Virudhunagar Districts. This initiative aims to create around 40 direct and 10 indirect jobs.
Sharika Enterprises Ltd has received a contract from Iron International Limited, a Navratna PSU, for the SCADA Integration System for Tunnel T-80, part of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project. This contract enhances Sharika Enterprises’ portfolio in automation and digital power control systems in critical railway environments.
The Management Committee of TCC Concept Ltd has approved the allotment of 1,06,10,690 equity shares on a preferential basis to the shareholders of Pepperfry Ltd, following the acquisition of an 89.09% stake via a share swap. Consequently, Pepperfry has become a subsidiary of TCC Concept.
Arvind Fashions Ltd, a notable player in India’s branded apparel sector, has undergone a leadership transition at Arrow, its formal menswear brand. Nitesh Kanchan is appointed as the new Chief Executive Officer, tasked with steering the brand’s growth across multiple channels.
L&T’s Board of Directors has approved the transfer of its Realty Business Undertaking to L&T Realty Properties Ltd, a wholly-owned subsidiary of the company, via a slump-sale process, pending necessary regulatory approvals.
In another move, UGRO Capital Ltd has completed its acquisition of Profectus Capital, which is expected to enhance its scale, profitability, and earnings growth potential as it aims to establish itself as a leading MSME lender in India.
Lastly, Orient Green Power Company Ltd has initiated its entry into solar power generation by raising funds through a Rights Issue to implement a 25 MW AC Solar Power Project through its subsidiary, Delta Renewable Energy Private Limited. This follows the successful commissioning of a 7 MW AC solar project in Tamil Nadu.
Caplin Steriles Ltd, a subsidiary of Caplin Point Laboratories Limited, has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA).
Published on December 9, 2025.
