Early investors in Billionbrains Garage Ventures, the parent company of the stockbroking platform Groww, are planning to reduce their stake through a block deal valued at approximately ₹4,750 crore (about $498 million), as outlined in the transaction’s term sheet. The selling investors include Peak XV Partners Investments VI-1, Sequoia Capital Global Growth Fund III — US/India Annex Fund LP, YC Holdings II LLC from Y Combinator, and various entities associated with Ribbit Capital. The proposed share sale encompasses up to 26.84 crore shares, which represents around 4.3% of the company’s total shares outstanding.
Rossell Techsys Ltd has announced a major expansion of its manufacturing capabilities to enhance its operational efficiency. The company is leasing an additional facility adjacent to its existing unit, a move that will nearly double its operational footprint. Currently, Rossell Techsys uses 175,000 square feet of its 255,000 square feet capacity; the new facility will add another 210,000 square feet, increasing the total potential operational space to over 460,000 square feet.
Bharat Forge Ltd., a global leader in advanced forging and precision engineering, has entered into a long-term agreement with Embraer to manufacture and supply critical landing gear forgings. This positions Bharat Forge as the first Indian supplier to join Embraer’s global aerospace supply chain for forged components. The contract entails the supply of high-integrity forged components for landing gear systems across both commercial and defense aircraft programs, further solidifying Bharat Forge’s role in the aerospace sector.
HFCL Ltd has announced that it has secured export orders worth $19.32 million (approximately ₹183.95 crore) for the supply of optical fibre cables from distinguished international clients. This achievement underscores the trust that customers have in HFCL’s manufacturing capabilities and product quality.
In a significant collaboration aimed at transforming Indian construction, Nemetschek Group India has signed a Memorandum of Understanding (MoU) with New Consolidated Construction Company Ltd. (NCCCL). This partnership is focused on integrating high-velocity Building Information Modelling (BIM) into complex projects over a three-year timeframe. Pilot projects, including Runwal’s RMall and L&T Realty’s Mahim project, will aim to enhance design validation, project transparency, and operational control.
H.G. Infra Engineering Ltd has been awarded a Letter of Award from Welspun Enterprises Ltd for the ‘Construction of 6-lane (including partially elevated) Highway Corridor’ project in Maharashtra, valued at ₹3,931.11 crores (excluding taxes).
ACME Solar Holdings Ltd has successfully commissioned a Battery Energy Storage System (BESS) Project with a capacity of 33.333 MW/160.484 MWh in Rajasthan, effective May 13. This addition brings ACME’s total commissioned capacity to 233.336 MW / 1123.424 MWh.
United Drilling Tools Ltd has secured a domestic order from Oil and Natural Gas Corporation Ltd for the provision of large OD casing pipe with a multi-start connector, with an estimated contract value of ₹10.35 crore.
Onix Solar Energy Ltd’s rights issue committee has approved the issuance of over 1.17 crore equity shares, aiming to raise approximately ₹60.17 crore, contingent upon full subscription. The rights issue price is set at ₹51 per share, with a rights entitlement ratio established at 8:17.
Shivam Pipes, a subsidiary of KD Green Industries Ltd, has obtained orders totaling approximately ₹9.08 crore for the supply of Galvanised Steel Tubular Electric Poles to state electricity boards in the northeastern region. The orders are associated with the Revamped Distribution Sector Scheme (RDSS) and are to be delivered within a timeframe of 1 to 4 months.
Kovai Medical Centre and Hospital Ltd has announced a restructuring of its educational services segment. The board has approved the transfer of its Allied Health Sciences (AHS) courses division to Dr NGP Research and Educational Trust, following legislative changes that necessitate additional infrastructure and resource investment.
DMR Engineering Ltd has secured a work order to provide consulting services for the design and engineering of the diversion tunnel for the 570 MW Wangchhu Hydropower Project in Bhutan. The contract spans 8 months and is valued at ₹1.80 crore, exclusive of taxes.
Graphite India Ltd has increased its stake in US-based GrafTech International Ltd. with a significant additional capital investment of ₹62.25 crore, raising its cumulative investment to ₹230.38 crore. This move boosts Graphite India’s shareholding from 6.82% to 9.79%.
Afcons Infrastructure Ltd has been selected as the most suitable bidder for the rehabilitation and construction of a Railway Line in Europe, marking the company’s largest international order to date and highlighting its commitment to delivering world-class infrastructure on a global scale.
Published on May 12, 2026.
