The board of Nestle India will meet on June 26 to consider its first-ever bonus share issue
DMK MP Dayanidhi Maran has served a legal notice on his brother and Sun Network Executive Chairman Kalanithi Maran, alleging that the latter, along with seven others, was involved in unlawful share transfers concerning Sun TV Network Ltd and affiliated companies. In the legal notice dated June 10, 2025, the contents of which were seen by businessline , Dayanidhi Maran claims that his brother Kalanithi, in collusion with seven other associates (one of whom is Kalanithi’s wife), fraudulently acquired majority control of the media conglomerate Sun TV and other family-owned entities.
Diageo India (United Spirits Ltd) has informed the exchanges that it will acquire a majority controlling stake in NAO Spirits at an enterprise value of ₹130 crore. Subsequently, NAO Spirits will become a subsidiary of the company, Diageo India said in a statement. NAO Spirits is an emerging Indian craft spirits company, with brands such as ‘Greater Than’ and ‘Hapusa’. It was launched in 2017 by Anand Virmani. “The acquisition of NAO Spirits, a promising portfolio company within our Ventures arm, represents a pivotal step in exploring future growth opportunities in Indian craft spirits,” Diageo India MD and CEO, Praveen Someshwar, said.
TD Power Systems (TDPS) has secured an order worth ₹67 crore from a multinational corporation for supply of components for traction motors for exports. Deliveries under this order are scheduled to be completed during January 2026 to December 2027, the company said in a regulatory filing.
Hindustan Power has received a letter of intent for developing a 120 MWh Battery Energy Storage System in Bihar. The project, under tariff-based competitive bidding (TBCB), will be implemented on a BOOT (Build, Own, Operate, Transfer) basis, according to a company statement.
Natco Pharma on Thursday said the US health regulator has issued a Form 483 with seven observations, after inspecting its pharma division in Hyderabad. The US Food and Drug Administration (USFDA) had conducted an inspection at the company’s pharma division located in Kothur, Hyderabad, from June 9-19, 2025, Natco Pharma said in a regulatory filing. “On conclusion of the inspection, the company received seven observations in Form-483,” it said.
Crisil, the provider of ratings, data, research, analytics and solutions, has invested ₹33.25 crore to acquire a minority stake in Online PSB Loans Ltd (OPL). OPL is a digital credit infrastructure company that develops and integrates advanced technologies, transforming the credit ecosystem through end-to-end automation, Crisil said in a regulatory filing.
UFlex Ltd has introduced an FSSAI-compliant single-pellet solution for use of recycled PET for food and beverage packaging. The new product integrates recycled PET with virgin PET in a single pellet, doing away with the need for manufacturers to buy and mix different materials to make bottles, containers or packaging materials, especially for food and beverages.
Mastek has launched ADOPT.AI, a comprehensive suite of AI solutions and services aimed at accelerating AI innovation and driving enterprise-wide AI adoption. ADOPT.AI services are designed to deliver faster, smarter, and more reliable outcomes across three core dimensions: ADOPT.AI for Technology, ADOPT.AI for Business and ADOPT.AI for Data.
ITD Cementation India has informed the exchanges that it has won two contracts worth around ₹960 crore (excluding GST) for construction of project works at Trivandrum International Airport in Kerala and construction of multi-storied commercial building in Kolkata, West Bengal.
The board of Krishana Phoschem has in-principally approved setting up a 500 TPD of DAP/ NPK fertilizer and a 300 TPD Sulphuric acid plant /any other manufacturing activity relating to fertiliser at Meghnagar, Jhabhua Madhya Pradesh to be funded through debt and internal accruals.
Choice International has entered into an agreement for acquisition of a further 50 per cent stake in its subsidiary — Choice Insurance Broking India (Choice Insurance) — by acquiring 6,60,000 equity shares of a face value of ₹10 each at a price of ₹947 per share) aggregating to ₹62.50 crore. The proposed transaction is subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI) where Choice Insurance is a Member Broker, it said in a notice to the stock exchanges.
Gallantt Ispat will acquire a 33 per cent stake in Gallantt Lifespace Developers Pvt Ltd for around ₹73 crore, marking a diversification into real estate. The acquisition is expected to completed within one month.
Ashoka Buildcon has formally signed a $67.25 million (₹562 crore) contract with the Government of Guyana for the East Bank–East Coast Road Linkage Project (Phase 2). Execution is planned over 18 months, and the contract reflects Ashoka’s success in expanding into international markets. This win supports its geographic diversification and boosts order book visibility.
Published on June 20, 2025